JD.com (NASDAQ:JD – Get Free Report) released its quarterly earnings results on Wednesday. The information services provider reported $6.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.83, MarketWatch Earnings reports. JD.com had a return on equity of 10.25% and a net margin of 2.04%. The firm had revenue of $247.70 billion for the quarter, compared to the consensus estimate of $246.99 billion. During the same quarter last year, the business posted $0.73 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year.
JD.com Stock Up 7.0 %
JD.com stock opened at $28.59 on Thursday. The stock’s 50 day moving average price is $28.18 and its 200 day moving average price is $33.32. JD.com has a 1-year low of $24.01 and a 1-year high of $67.10. The company has a market cap of $39.93 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 0.24 and a beta of 0.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.34 and a quick ratio of 1.10.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. First Manhattan Co. increased its holdings in JD.com by 32.5% in the fourth quarter. First Manhattan Co. now owns 994 shares of the information services provider’s stock valued at $56,000 after buying an additional 244 shares in the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of JD.com in the 1st quarter worth approximately $64,000. Acadian Asset Management LLC purchased a new stake in JD.com during the first quarter worth $65,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in JD.com during the first quarter worth $81,000. Finally, Harbour Investments Inc. boosted its position in JD.com by 112.8% during the second quarter. Harbour Investments Inc. now owns 3,324 shares of the information services provider’s stock worth $113,000 after purchasing an additional 1,762 shares in the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.
Wall Street Analyst Weigh In
JD.com, Inc provides supply chain-based technologies and services 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.
- Five stocks we like better than JD.com
- Investing in the High PE Growth Stocks
- Unlocking AI investment opportunities in healthcare
- Earnings Per Share Calculator: How to Calculate EPS
- New Disney investor propels stock to ranks of best S&P gainers
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Buffett’s latest portfolio additions, trims, and cuts in Q3
Receive News & Ratings for JD.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.com and related companies with MarketBeat.com's FREE daily email newsletter.