JD.com (NASDAQ:JD) Now Covered by The Goldman Sachs Group

Equities researchers at The Goldman Sachs Group started coverage on shares of JD.com (NASDAQ:JD) in a report issued on Thursday, Marketbeat.com reports. The firm set a “buy” rating and a $37.00 price target on the information services provider’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 21.95% from the company’s current price.

A number of other brokerages also recently issued reports on JD. HSBC increased their price objective on shares of JD.com from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. StockNews.com raised shares of JD.com from a “hold” rating to a “buy” rating in a research note on Monday, April 8th. Susquehanna cut their target price on JD.com from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, April 5th. Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of JD.com in a research note on Tuesday, April 16th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $27.00 price target on shares of JD.com in a report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and an average target price of $35.60.

JD.com Trading Up 6.1 %

Shares of JD.com stock opened at $30.34 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.16. The firm has a 50-day moving average of $25.91 and a 200-day moving average of $25.85. JD.com has a 52-week low of $20.82 and a 52-week high of $41.95. The stock has a market cap of $47.85 billion, a PE ratio of 14.24, a PEG ratio of 0.23 and a beta of 0.54.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $4.74. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The firm had revenue of $306.08 billion during the quarter, compared to the consensus estimate of $300.21 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, sell-side analysts forecast that JD.com will post 2.85 EPS for the current year.

Hedge Funds Weigh In On JD.com

Several large investors have recently modified their holdings of the business. Harvest Fund Management Co. Ltd raised its position in shares of JD.com by 0.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 39,941 shares of the information services provider’s stock worth $1,163,000 after acquiring an additional 371 shares during the last quarter. FNY Investment Advisers LLC increased its position in shares of JD.com by 10.0% during the fourth quarter. FNY Investment Advisers LLC now owns 5,500 shares of the information services provider’s stock worth $158,000 after buying an additional 502 shares during the period. Private Advisor Group LLC raised its stake in JD.com by 4.7% during the third quarter. Private Advisor Group LLC now owns 11,727 shares of the information services provider’s stock worth $342,000 after buying an additional 528 shares during the last quarter. Avitas Wealth Management LLC lifted its holdings in JD.com by 1.5% in the first quarter. Avitas Wealth Management LLC now owns 39,966 shares of the information services provider’s stock valued at $1,095,000 after buying an additional 579 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its position in JD.com by 12.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 5,381 shares of the information services provider’s stock valued at $155,000 after acquiring an additional 602 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

About JD.com

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.