Today, Stifel Nicolaus Begins Coverage on JD.com Inc. (JD)

Today, Stifel Nicolaus Begins Coverage on JD.com Inc. (JD)

Stifel Nicolaus assumed coverage on shares of JD.com Inc. (NASDAQ:JD) in a research report report published on Thursday morning. The brokerage issued a buy rating and a $34.00 price target on the stock.

JD has been the subject of several other reports. Zacks Investment Research raised JD.com from a sell rating to a hold rating in a research note on Tuesday, August 16th. Vetr upgraded JD.com from a hold rating to a buy rating and set a $26.50 price target on the stock in a research report on Wednesday, August 31st. TH Capital lowered JD.com from a buy rating to a hold rating in a research report on Monday, August 8th. JPMorgan Chase & Co. started coverage on JD.com in a research report on Wednesday, August 31st. They issued a neutral rating and a $29.00 price target on the stock. Finally, MKM Partners set a $32.00 price target on JD.com and gave the stock a buy rating in a research report on Wednesday, August 10th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $31.47.

JD.com (NASDAQ:JD) opened at 26.31 on Thursday. The firm has a 50-day moving average price of $26.39 and a 200 day moving average price of $24.34. The firm’s market capitalization is $37.97 billion. JD.com has a 12 month low of $19.51 and a 12 month high of $33.48.

JD.com (NASDAQ:JD) last released its earnings results on Wednesday, August 10th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.32. The company earned $9.80 billion during the quarter, compared to analysts’ expectations of $9.81 billion. JD.com had a negative return on equity of 24.15% and a negative net margin of 4.29%. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period last year, the firm earned ($0.01) EPS. On average, equities analysts forecast that JD.com will post ($0.10) EPS for the current year.

Several large investors have recently modified their holdings of the stock. KBC Group NV boosted its stake in JD.com by 3.4% in the second quarter. KBC Group NV now owns 8,016 shares of the company’s stock valued at $170,000 after buying an additional 264 shares during the last quarter. Suntrust Banks Inc. boosted its stake in JD.com by 3.6% in the second quarter. Suntrust Banks Inc. now owns 10,466 shares of the company’s stock valued at $221,000 after buying an additional 366 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in JD.com by 1.5% in the second quarter. Rafferty Asset Management LLC now owns 29,200 shares of the company’s stock valued at $620,000 after buying an additional 440 shares during the last quarter. Laurel Grove Capital LLC boosted its stake in JD.com by 1.4% in the third quarter. Laurel Grove Capital LLC now owns 45,000 shares of the company’s stock valued at $1,174,000 after buying an additional 600 shares during the last quarter. Finally, Allen Investment Management LLC boosted its stake in JD.com by 2.2% in the first quarter. Allen Investment Management LLC now owns 42,422 shares of the company’s stock valued at $1,124,000 after buying an additional 904 shares during the last quarter. Institutional investors and hedge funds own 54.64% of the company’s stock.

JD.com Company Profile

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