JD.com (NASDAQ:JD) Posts Quarterly Earnings Results, Beats Expectations By $0.83 EPS

JD.com (NASDAQ:JD) 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

A number of equities analysts have recently issued reports on the stock. StockNews.com lowered shares of JD.com from a “buy” rating to a “hold” rating in a research report on Thursday. Susquehanna dropped their price objective on shares of JD.com from $40.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, August 31st. Barclays reduced their target price on shares of JD.com from $52.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, November 1st. Loop Capital lowered their price target on JD.com from $42.00 to $39.00 and set a “hold” rating on the stock in a report on Wednesday, September 6th. Finally, The Goldman Sachs Group reduced their price objective on JD.com from $61.00 to $53.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.14.

About JD.com

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.