JD.Com (NASDAQ:JD) issued its earnings results on Tuesday. The information services provider reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.18, Morningstar.com reports. The business had revenue of $150.28 billion during the quarter, compared to analyst estimates of $147.44 billion. JD.Com had a return on equity of 0.46% and a net margin of 0.69%. JD.Com’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 earnings per share. JD.Com updated its Q3 2019 guidance to EPS.
Shares of JD.Com stock traded down $0.80 during trading on Wednesday, hitting $29.86. 1,565,246 shares of the company’s stock traded hands, compared to its average volume of 15,715,436. The company has a quick ratio of 0.49, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. JD.Com has a 1 year low of $19.21 and a 1 year high of $34.59. The stock has a market cap of $34.37 billion, a PE ratio of -1,016.83 and a beta of 1.42. The stock has a 50-day simple moving average of $30.01.
Several analysts have issued reports on the company. Zacks Investment Research lowered JD.Com from a “buy” rating to a “hold” rating in a research note on Wednesday. Nomura raised JD.Com from a “neutral” rating to a “buy” rating and set a $29.81 target price for the company in a research note on Wednesday, May 15th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $35.00 target price on shares of JD.Com in a research note on Tuesday. Jefferies Financial Group assumed coverage on JD.Com in a research note on Monday, August 5th. They issued a “buy” rating and a $36.50 target price for the company. Finally, JPMorgan Chase & Co. raised JD.Com from a “neutral” rating to an “overweight” rating and set a $30.55 target price for the company in a research note on Tuesday, April 30th. Eleven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $33.13.
Large investors have recently made changes to their positions in the business. Rehmann Capital Advisory Group boosted its position in JD.Com by 233.6% in the first quarter. Rehmann Capital Advisory Group now owns 2,132 shares of the information services provider’s stock worth $64,000 after purchasing an additional 1,493 shares during the last quarter. Synovus Financial Corp lifted its position in shares of JD.Com by 50.5% during the 1st quarter. Synovus Financial Corp now owns 2,146 shares of the information services provider’s stock valued at $64,000 after buying an additional 720 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in shares of JD.Com during the 1st quarter valued at about $22,173,000. Thoroughbred Financial Services LLC lifted its position in shares of JD.Com by 43.0% during the 1st quarter. Thoroughbred Financial Services LLC now owns 22,895 shares of the information services provider’s stock valued at $690,000 after buying an additional 6,887 shares in the last quarter. Finally, Wetherby Asset Management Inc. lifted its position in shares of JD.Com by 23.3% during the 1st quarter. Wetherby Asset Management Inc. now owns 16,010 shares of the information services provider’s stock valued at $483,000 after buying an additional 3,023 shares in the last quarter. 48.93% of the stock is currently owned by institutional investors and hedge funds.
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.
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