JD.com (NASDAQ:JD) Earns Buy Rating from Benchmark

Benchmark reissued their buy rating on shares of JD.com (NASDAQ:JD) in a research note published on Friday morning,Benzinga reports. Benchmark currently has a $47.00 target price on the information services provider’s stock.

Other research analysts have also recently issued research reports about the company. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Sanford C. Bernstein cut their price target on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Friday, August 16th. Barclays upped their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upped their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and cut their price objective for the company from $49.00 to $48.00 in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $40.36.

JD.com Price Performance

JD.com stock traded up $1.65 during mid-day trading on Friday, reaching $35.00. 17,140,243 shares of the company’s stock traded hands, compared to its average volume of 15,009,837. JD.com has a 12-month low of $20.82 and a 12-month high of $47.82. The company has a market cap of $55.20 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 0.40 and a beta of 0.41. The stock has a 50 day moving average of $37.35 and a two-hundred day moving average of $31.52. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. The firm had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 EPS. Equities analysts forecast that JD.com will post 3.74 earnings per share for the current year.

Hedge Funds Weigh In On JD.com

Several hedge funds have recently modified their holdings of JD. Atlas Capital Advisors LLC purchased a new stake in JD.com during the 2nd quarter worth approximately $28,000. Allspring Global Investments Holdings LLC raised its holdings in shares of JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after buying an additional 1,681 shares during the last quarter. Huntington National Bank lifted its stake in shares of JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after buying an additional 452 shares during the period. Transamerica Financial Advisors Inc. purchased a new stake in shares of JD.com during the third quarter valued at $103,000. Finally, Blue Trust Inc. grew its holdings in shares of JD.com by 295.7% during the third quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after buying an additional 2,360 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

About JD.com

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.