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

Benchmark reissued their buy rating on shares of JD.com (NASDAQ:JD - Free Report) in a report released on Friday morning,Benzinga reports. Benchmark currently has a $47.00 price objective on the information services provider's stock.

Several other brokerages have also weighed in on JD. Susquehanna reissued a "neutral" rating and issued a $28.00 price objective on shares of JD.com in a report on Monday, August 19th. Loop Capital upgraded shares of JD.com from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. lifted their target price on JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Barclays boosted their price objective on JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Finally, Sanford C. Bernstein reduced their price target on shares of JD.com from $35.00 to $32.00 and set a "market perform" rating for the company in a report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.36.

JD.com Trading Up 4.9 %

Shares of NASDAQ JD traded up $1.65 on Friday, reaching $35.00. 17,120,159 shares of the company traded hands, compared to its average volume of 15,009,837. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $47.82. The company has a 50 day moving average of $37.17 and a 200 day moving average of $31.49. The stock has a market capitalization of $55.20 billion, a PE ratio of 12.49, a P/E/G ratio of 0.40 and a beta of 0.41. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD - Get Free Report) last released its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The company had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. JD.com's revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities research analysts forecast that JD.com will post 3.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. FMR LLC grew its position in JD.com by 41.0% during the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider's stock worth $611,080,000 after buying an additional 4,445,277 shares in the last quarter. Two Sigma Advisers LP grew its position in JD.com by 329.9% in the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider's stock valued at $252,268,000 after acquiring an additional 4,839,700 shares during the period. Lazard Asset Management LLC increased its position in shares of JD.com by 30.7% during the 1st quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider's stock worth $159,461,000 after purchasing an additional 1,368,356 shares in the last quarter. Discerene Group LP boosted its position in JD.com by 66.0% in the first quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider's stock valued at $152,147,000 after buying an additional 2,207,619 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in JD.com by 16.4% during the 2nd quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider's stock worth $110,601,000 after acquiring an additional 603,211 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.