JD.com (NASDAQ:JD) Issues Quarterly Earnings Results

JD.com (NASDAQ:JD) released its earnings results on Thursday. The information services provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.07, Zacks reports. JD.com had a net margin of 3.12% and a return on equity of 14.53%.

JD.com Price Performance

Shares of NASDAQ JD traded down $0.10 during midday trading on Thursday, hitting $43.66. The stock had a trading volume of 34,844,607 shares, compared to its average volume of 13,068,040. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com has a 1 year low of $23.65 and a 1 year high of $47.82. The company has a market capitalization of $68.86 billion, a PE ratio of 13.81, a P/E/G ratio of 0.31 and a beta of 0.43. The stock has a 50 day simple moving average of $38.69 and a 200-day simple moving average of $36.58.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays boosted their target price on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Citigroup decreased their target price on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Finally, StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.71.

Institutional Investors Weigh In On JD.com

An institutional investor recently bought a new position in JD.com stock. Brighton Jones LLC bought a new stake in JD.com, Inc. (NASDAQ:JD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,789 shares of the information services provider’s stock, valued at approximately $270,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Company Profile

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.