Weekly Analysts’ Ratings Changes for JD.com (JD)

by · The Cerbat Gem

Several analysts have recently updated their ratings and price targets for JD.com (NASDAQ: JD):

  • 10/21/2024 – JD.com was upgraded by analysts at Loop Capital from a “hold” rating to a “buy” rating. They now have a $48.00 price target on the stock, down previously from $49.00.
  • 10/16/2024 – JD.com had its price target raised by analysts at Barclays PLC from $40.00 to $50.00. They now have an “overweight” rating on the stock.
  • 10/16/2024 – JD.com had its price target raised by analysts at JPMorgan Chase & Co. from $40.00 to $50.00. They now have an “overweight” rating on the stock.
  • 10/15/2024 – JD.com had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $47.00 price target on the stock.
  • 10/8/2024 – JD.com was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
  • 9/30/2024 – JD.com was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
  • 9/20/2024 – JD.com was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
  • 9/11/2024 – JD.com was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
  • 9/3/2024 – JD.com was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
  • 8/26/2024 – JD.com was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.

JD.com Stock Down 1.7 %

Shares of NASDAQ JD traded down $0.67 during trading on Thursday, reaching $39.33. The company had a trading volume of 6,785,055 shares, compared to its average volume of 15,114,927. The business’s 50-day moving average is $33.32 and its 200 day moving average is $30.13. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. The stock has a market cap of $62.03 billion, a PE ratio of 17.96, a P/E/G ratio of 0.65 and a beta of 0.42. JD.com, Inc. has a 12-month low of $20.82 and a 12-month high of $47.82.

JD.com (NASDAQ:JD – Get Free Report) last posted its earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The business had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. During the same quarter last year, the company earned $0.68 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts forecast that JD.com, Inc. will post 3.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JD.com

A number of large investors have recently added to or reduced their stakes in JD. Ballentine Partners LLC increased its stake in shares of JD.com by 20.0% in the 1st quarter. Ballentine Partners LLC now owns 11,471 shares of the information services provider’s stock worth $314,000 after purchasing an additional 1,912 shares in the last quarter. Sunbelt Securities Inc. boosted its position in shares of JD.com by 45.4% in the first quarter. Sunbelt Securities Inc. now owns 10,139 shares of the information services provider’s stock worth $278,000 after purchasing an additional 3,167 shares during the period. 180 Wealth Advisors LLC increased its stake in shares of JD.com by 18.3% in the first quarter. 180 Wealth Advisors LLC now owns 20,557 shares of the information services provider’s stock worth $563,000 after purchasing an additional 3,184 shares in the last quarter. Harbour Capital Advisors LLC raised its position in shares of JD.com by 89.4% during the 1st quarter. Harbour Capital Advisors LLC now owns 25,710 shares of the information services provider’s stock valued at $715,000 after purchasing an additional 12,135 shares during the period. Finally, Hexagon Capital Partners LLC bought a new position in JD.com in the 1st quarter worth $58,000. Institutional investors own 15.98% of the company’s stock.

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.

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