Stifel Nicolaus Reiterates “Hold” Rating for JD.Com (NASDAQ:JD)

Share on StockTwits

JD.Com (NASDAQ:JD)‘s stock had its “hold” rating reaffirmed by equities research analysts at Stifel Nicolaus in a note issued to investors on Tuesday, AnalystRatings.com reports. They currently have a $35.00 price objective on the information services provider’s stock. Stifel Nicolaus’ price target indicates a potential upside of 14.16% from the company’s previous close.

The analysts wrote, “We are raising our estimates and taking our price target to $35. Revenue exceeds expectations: (+22.9% y/y) was above consensus expectations of ¥147.4B (+20.5% y/y). Net revenue from product sales increased +20.8% y/ y, while net revenue from services and others increased +42.0% y/y, versus our +19.1% and +44.7% estimates, respectively. Consumer electronics and appliance sales remained healthy increasing 15% y/y in the quarter (following a 14% increase last quarter). General merchandise increased 34% y/y, led by FMCG. Revenue compares against the the prior year which likely benefited sales growth over the summer, in our view. Annual active customers increased 11mm sequentially (up 3% q/q).””

A number of other research analysts have also weighed in on the company. Loop Capital started coverage on JD.Com in a report on Monday, June 3rd. They issued a “buy” rating on the stock. Zacks Investment Research upgraded JD.Com from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Thursday, July 4th. JPMorgan Chase & Co. upgraded JD.Com from a “neutral” rating to an “overweight” rating and set a $30.55 target price on the stock in a report on Tuesday, April 30th. BidaskClub lowered JD.Com from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Morgan Stanley raised their target price on JD.Com from $25.00 to $28.00 and gave the company an “in-line” rating in a report on Monday, April 15th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. JD.Com has an average rating of “Buy” and a consensus target price of $31.64.

JD.Com stock traded up $3.50 during mid-day trading on Tuesday, reaching $30.66. The stock had a trading volume of 44,353,710 shares, compared to its average volume of 10,745,447. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.49. JD.Com has a fifty-two week low of $19.21 and a fifty-two week high of $35.66. The company has a 50-day simple moving average of $29.98. The stock has a market cap of $34.37 billion, a price-to-earnings ratio of -1,022.00 and a beta of 1.42.

JD.Com (NASDAQ:JD) last announced its quarterly earnings data on Friday, May 10th. The information services provider reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.15. JD.Com had a return on equity of 0.46% and a net margin of 0.69%. The firm had revenue of $121.08 billion during the quarter, compared to analysts’ expectations of $120.01 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. As a group, equities research analysts expect that JD.Com will post 0.54 earnings per share for the current year.

Institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. raised its stake in shares of JD.Com by 35.2% during the 4th quarter. Principal Financial Group Inc. now owns 35,044 shares of the information services provider’s stock worth $733,000 after purchasing an additional 9,119 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of JD.Com by 20.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,307,943 shares of the information services provider’s stock worth $27,484,000 after purchasing an additional 222,161 shares in the last quarter. DNB Asset Management AS bought a new stake in shares of JD.Com during the 1st quarter worth approximately $304,000. FNY Investment Advisers LLC raised its stake in shares of JD.Com by 669.2% during the 1st quarter. FNY Investment Advisers LLC now owns 10,000 shares of the information services provider’s stock worth $301,000 after purchasing an additional 8,700 shares in the last quarter. Finally, Wedbush Securities Inc. bought a new stake in shares of JD.Com during the 1st quarter worth approximately $265,000. Institutional investors and hedge funds own 48.93% of the company’s stock.

JD.Com Company Profile

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

Further Reading: What is an Initial Public Offering (IPO)?

Analyst Recommendations for JD.Com (NASDAQ:JD)

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.