Analysts forecast that JD.Com Inc (NASDAQ:JD) will report $16.33 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for JD.Com’s earnings. JD.Com posted sales of $11.56 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 41.3%. The business is expected to report its next quarterly earnings report on Thursday, March 1st.
According to Zacks, analysts expect that JD.Com will report full year sales of $16.33 billion for the current financial year, with estimates ranging from $54.23 billion to $55.06 billion. For the next year, analysts anticipate that the firm will post sales of $70.80 billion per share, with estimates ranging from $68.49 billion to $73.11 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for JD.Com.
A number of analysts have recently commented on the company. Stifel Nicolaus assumed coverage on JD.Com in a research report on Wednesday, December 13th. They issued a “buy” rating and a $48.00 price target on the stock. Vetr lowered shares of JD.Com from a “strong-buy” rating to a “buy” rating and set a $44.44 price objective for the company. in a report on Thursday, September 28th. BidaskClub upgraded shares of JD.Com from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. J P Morgan Chase & Co reduced their price objective on JD.Com from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, November 15th. Finally, Wells Fargo & Company assumed coverage on JD.Com in a research note on Tuesday, September 26th. They issued an “outperform” rating and a $50.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $45.65.
Shares of JD.Com (NASDAQ:JD) traded down $0.81 on Friday, hitting $42.16. The stock had a trading volume of 21,882,250 shares, compared to its average volume of 11,703,400. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.79 and a current ratio of 1.12. JD.Com has a 12-month low of $25.28 and a 12-month high of $48.99. The company has a market cap of $59,322.52, a PE ratio of 2,084.00 and a beta of 1.37.
Several large investors have recently made changes to their positions in the stock. Bessemer Group Inc. purchased a new stake in JD.Com in the 3rd quarter worth about $101,000. Highstreet Asset Management Inc. purchased a new stake in JD.Com in the 2nd quarter worth about $127,000. Advisor Group Inc. raised its position in JD.Com by 253.0% in the 3rd quarter. Advisor Group Inc. now owns 4,056 shares of the information services provider’s stock worth $154,000 after purchasing an additional 2,907 shares during the period. IFP Advisors Inc raised its position in JD.Com by 585.2% in the 2nd quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock worth $192,000 after purchasing an additional 4,184 shares during the period. Finally, Suntrust Banks Inc. purchased a new stake in JD.Com in the 2nd quarter worth about $207,000. 44.04% of the stock is owned by hedge funds and other institutional investors.
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JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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