Benchmark Reiterates “Buy” Rating for JD.com (NASDAQ:JD)

JD.com (NASDAQ:JD)‘s stock had its “buy” rating restated by research analysts at Benchmark in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $55.00 price target on the information services provider’s stock. Benchmark’s price objective indicates a potential upside of 118.69% from the company’s current price.

JD has been the subject of several other research reports. Loop Capital lowered their price target on shares of JD.com from $26.00 to $24.00 and set a “hold” rating for the company in a report on Friday, April 5th. Nomura dropped their price objective on JD.com from $36.00 to $33.00 in a research note on Friday, April 5th. Mizuho raised their target price on JD.com from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Susquehanna dropped their price target on JD.com from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, April 5th. Finally, Barclays reduced their price objective on shares of JD.com from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and an average target price of $37.07.

JD.com Trading Up 0.4 %

Shares of NASDAQ JD opened at $25.15 on Tuesday. The stock has a market cap of $39.66 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 0.20 and a beta of 0.54. The firm has a 50 day moving average price of $25.26 and a two-hundred day moving average price of $25.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.16. JD.com has a 52-week low of $20.82 and a 52-week high of $41.95.

JD.com (NASDAQ:JD) last announced its earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $4.74. The business had revenue of $306.08 billion during the quarter, compared to analyst estimates of $300.21 billion. JD.com had a return on equity of 10.87% and a net margin of 2.22%. JD.com’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $0.54 EPS. As a group, equities analysts forecast that JD.com will post 2.85 EPS for the current year.

Institutional Trading of JD.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Manhattan Co. raised its holdings in shares of JD.com by 32.5% in the fourth quarter. First Manhattan Co. now owns 994 shares of the information services provider’s stock valued at $56,000 after purchasing an additional 244 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in JD.com in the 1st quarter valued at about $64,000. O Dell Group LLC bought a new position in shares of JD.com during the 4th quarter worth approximately $40,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of JD.com in the 1st quarter worth approximately $81,000. Finally, Acadian Asset Management LLC bought a new position in shares of JD.com in the first quarter valued at approximately $65,000. 15.98% of the stock is owned by institutional investors.

About JD.com

JD.com, Inc provides supply chain-based technologies and services 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.