JD.Com (NASDAQ:JD) released its quarterly earnings results on Friday. The information services provider reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.15, Morningstar.com reports. JD.Com had a negative return on equity of 1.26% and a negative net margin of 0.51%. The business had revenue of $121.08 billion for the quarter, compared to the consensus estimate of $120.01 billion. During the same quarter last year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. JD.Com updated its Q2 2019 guidance to EPS.
Shares of NASDAQ JD traded up $0.66 during trading hours on Friday, hitting $28.17. The company’s stock had a trading volume of 57,491,752 shares, compared to its average volume of 15,464,893. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.87 and a quick ratio of 0.50. The stock has a market capitalization of $33.12 billion, a PE ratio of -939.00 and a beta of 1.30. JD.Com has a 12 month low of $19.21 and a 12 month high of $45.23.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Newport Asia LLC bought a new stake in shares of JD.Com in the first quarter worth about $51,912,000. Prescott Group Capital Management L.L.C. bought a new stake in shares of JD.Com in the first quarter worth about $784,000. GAM Holding AG boosted its position in JD.Com by 18.7% during the 1st quarter. GAM Holding AG now owns 112,868 shares of the information services provider’s stock valued at $3,403,000 after acquiring an additional 17,816 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in JD.Com during the 1st quarter valued at approximately $133,000. Finally, MML Investors Services LLC boosted its position in JD.Com by 2.1% during the 1st quarter. MML Investors Services LLC now owns 30,419 shares of the information services provider’s stock valued at $917,000 after acquiring an additional 636 shares in the last quarter. 47.91% of the stock is currently owned by institutional investors.
A number of research analysts have recently issued reports on JD shares. UBS Group cut JD.Com from a “buy” rating to a “neutral” rating in a research note on Thursday, January 31st. ValuEngine raised JD.Com from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Sanford C. Bernstein reaffirmed a “mkt perform” rating on shares of JD.Com in a research note on Monday, January 14th. CLSA raised JD.Com from an “underperform” rating to an “outperform” rating and raised their price objective for the company from $24.00 to $31.00 in a research note on Friday, March 1st. Finally, Macquarie set a $22.00 price objective on JD.Com and gave the company a “hold” rating in a research note on Friday, January 25th. Thirteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. JD.Com has a consensus rating of “Hold” and an average price target of $32.15.
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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 Mall 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; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.
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