JD.com (NASDAQ:JD) Coverage Initiated by Analysts at The Goldman Sachs Group

Investment analysts at The Goldman Sachs Group began coverage on shares of JD.com (NASDAQ:JD) in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $37.00 price target on the information services provider’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 21.95% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Nomura dropped their price target on JD.com from $36.00 to $33.00 in a research report on Friday, April 5th. Loop Capital dropped their target price on shares of JD.com from $26.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Susquehanna reduced their target price on shares of JD.com from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, April 5th. Citigroup lowered their price target on shares of JD.com from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. Finally, Benchmark reaffirmed a “buy” rating and set a $55.00 target price on shares of JD.com in a research note on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.60.

JD.com Trading Up 6.1 %

NASDAQ:JD opened at $30.34 on Thursday. The company has a 50-day moving average price of $25.91 and a 200-day moving average price of $25.85. The stock has a market cap of $47.85 billion, a price-to-earnings ratio of 14.24, a P/E/G ratio of 0.23 and a beta of 0.54. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. JD.com has a 12 month low of $20.82 and a 12 month high of $41.95.

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

Institutional Investors Weigh In On JD.com

Several large investors have recently bought and sold shares of the business. Aspex Management HK Ltd bought a new stake in shares of JD.com in the 4th quarter valued at approximately $114,009,000. FIL Ltd raised its holdings in shares of JD.com by 124.3% in the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock worth $179,423,000 after buying an additional 3,441,605 shares during the period. National Bank of Canada FI raised its holdings in shares of JD.com by 292.4% in the fourth quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider’s stock worth $120,679,000 after buying an additional 3,305,956 shares during the period. Discerene Group LP boosted its holdings in JD.com by 107.9% during the 4th quarter. Discerene Group LP now owns 3,347,232 shares of the information services provider’s stock valued at $96,702,000 after acquiring an additional 1,737,572 shares during the period. Finally, Polunin Capital Partners Ltd purchased a new stake in JD.com in the first quarter worth $41,477,000. Institutional investors 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.