The stock of JD.com Inc. (NASDAQ:JD) last traded at $37.34, down -1.53% from the previous session.
Data from the available sources indicates that JD.com Inc. (NASDAQ:JD) is covered by 52 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $673.16 and a low of $185.85, we find $412.97. Given the previous closing price of $37.92, this indicates a potential upside of 989.06 percent. JD stock price is now -3.15% away from the 50-day moving average and -25.80% away from the 200-day moving average. The market capitalization of the company currently stands at $57.61B.
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In total, 8 analysts have assigned it a hold rating, and 36 have given it a buy rating. Brokers who have rated the stock have averaged $405.48 as their price target over the next twelve months.
With the price target reduced from $60 to $43, UBS Downgraded its rating from Buy to Neutral for JD.com Inc. (NASDAQ: JD). On March 31, 2023, Loop Capital Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $82 to quote $49, while ‘JP Morgan’ rates the stock as ‘Neutral’.
A total of 6.05% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in JD stock. A new stake in JD.com Inc. shares was purchased by PRICE T ROWE ASSOCIATES INC /MD/ during the first quarter worth $47,744,000. BALYASNY ASSET MANAGEMENT L.P. invested $38,099,000 in shares of JD during the first quarter. In the first quarter, GHISALLO CAPITAL MANAGEMENT LLC acquired a new stake in JD.com Inc. valued at approximately $37,340,000. MAPLE ROCK CAPITAL PARTNERS INC. acquired a new stake in JD for approximately $25,671,000. ARIOSE CAPITAL MANAGEMENT LTD purchased a new stake in JD valued at around $25,515,000 in the second quarter. In total, there are 832 active investors with 16.10% ownership of the company’s stock.
With an opening price of $36.90 on Wednesday morning, JD.com Inc. (NASDAQ: JD) set off the trading day. During the past 12 months, JD.com Inc. has had a low of $33.17 and a high of $68.29. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 1.40, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $35.43B, which is based on a 39.94 price-to-earnings ratio, a 1.81 price-to-earnings-growth ratio, and a beta of 0.43. The fifty day moving average price for JD is $38.37 and a two-hundred day moving average price translates $50.21 for the stock.
The latest earnings results from JD.com Inc. (NASDAQ: JD) was released for Mar, 2023. According to the Internet Retail Company, earnings per share came in at $0.68, beating analysts’ expectations of $0.51 by 0.17. This compares to -$0.36 EPS in the same period last year. The net profit margin was 1.90% and return on equity was 9.40% for JD. The company reported revenue of $35.38 billion for the quarter, compared to $37.8 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.42 percent. For the current quarter, analysts expect JD to generate $39.97B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/04/2023. Investors who held shares on 04/06/2023 were paid a $0.62 dividend. On an annualized basis, this represents a $0.62 dividend and a 1.66% percent yield. There was an ex-dividend date of 04/05/2023 for this dividend.
JD.com Inc.(JD) Company Profile
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. It also provides online marketplace services for third-party merchants; marketing services; and omni-channel solutions to customers and offline retailers, as well as online healthcare services. In addition, the company develops, owns, and manages its logistics facilities and other real estate properties to support third parties; offers asset management services for logistics property investors and the sale of development properties; and engages in online retail business. Further, it provides integrated data, technology, business, and user management industry solutions to support the digitization of enterprises and institutions. The company was formerly known as 360buy Jingdong Inc. and changed its name to JD.com, Inc. in January 2014. JD.com, Inc. was incorporated in 2006 and is headquartered in Beijing, the People’s Republic of China.
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