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

JD.com (NASDAQ:JD)‘s stock had its “buy” rating reissued by analysts at Benchmark in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $47.00 price target on the information services provider’s stock. Benchmark’s price objective points to a potential upside of 34.29% from the stock’s current price.

A number of other analysts have also commented on the company. Sanford C. Bernstein reduced their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Friday, August 16th. Barclays lifted their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Susquehanna reaffirmed a “neutral” rating and issued a $28.00 price objective on shares of JD.com in a report on Monday, August 19th. JPMorgan Chase & Co. lifted their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Loop Capital raised JD.com from a “hold” rating to a “buy” rating and cut their price objective for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, JD.com currently has an average rating of “Moderate Buy” and a consensus price target of $40.36.

JD.com Price Performance

JD opened at $35.00 on Friday. The stock’s 50 day simple moving average is $37.35 and its 200 day simple moving average is $31.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. JD.com has a 1 year low of $20.82 and a 1 year high of $47.82. The firm 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.

JD.com (NASDAQ:JD) last released its 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 company had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. 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 business posted $0.68 EPS. As a group, analysts predict that JD.com will post 3.74 earnings per share for the current year.

Institutional Investors Weigh In On JD.com

Institutional investors have recently modified their holdings of the business. Huntington National Bank boosted its holdings in JD.com by 32.1% in the 3rd 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 last quarter. SRN Advisors LLC grew its holdings in JD.com by 1.6% in the 3rd quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock valued at $1,288,000 after buying an additional 516 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of JD.com by 2.8% in the 2nd quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock worth $676,000 after acquiring an additional 719 shares during the last quarter. V Square Quantitative Management LLC increased its stake in shares of JD.com by 4.8% in the 2nd quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider’s stock worth $447,000 after acquiring an additional 797 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC boosted its position in shares of JD.com by 4.0% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 21,230 shares of the information services provider’s stock valued at $849,000 after acquiring an additional 820 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.