Wall Street analysts expect that JD.Com Inc (NASDAQ:JD) will announce $17.80 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for JD.Com’s earnings, with estimates ranging from $17.38 billion to $18.07 billion. JD.Com reported sales of $15.96 billion during the same quarter last year, which would suggest a positive year over year growth rate of 11.5%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, May 14th.
According to Zacks, analysts expect that JD.Com will report full year sales of $81.18 billion for the current financial year, with estimates ranging from $79.42 billion to $83.03 billion. For the next year, analysts anticipate that the company will report sales of $94.65 billion, with estimates ranging from $91.50 billion to $98.22 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow JD.Com.
A number of analysts have commented on JD shares. TH Capital reduced their target price on shares of JD.Com to $30.00 and set a “buy” rating for the company in a report on Friday, November 16th. Benchmark cut their target price on shares of JD.Com to $31.00 and set a “buy” rating for the company in a research note on Tuesday, November 20th. Credit Suisse Group set a $31.00 target price on shares of JD.Com and gave the company a “buy” rating in a research note on Tuesday, November 20th. MKM Partners cut their target price on shares of JD.Com from $41.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, December 7th. Finally, Daiwa Capital Markets set a $38.00 target price on shares of JD.Com and gave the company a “buy” rating in a research note on Friday, March 1st. Fourteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. JD.Com currently has an average rating of “Hold” and an average target price of $32.19.
Large investors have recently made changes to their positions in the stock. Advisory Services Network LLC lifted its holdings in JD.Com by 2,305.1% during the fourth quarter. Advisory Services Network LLC now owns 1,900 shares of the information services provider’s stock worth $40,000 after acquiring an additional 1,821 shares in the last quarter. Doyle Wealth Management acquired a new stake in JD.Com in the fourth quarter valued at $42,000. AlphaMark Advisors LLC acquired a new stake in JD.Com in the fourth quarter valued at $47,000. Commonwealth Bank of Australia grew its holdings in JD.Com by 35.6% during the 4th quarter. Commonwealth Bank of Australia now owns 2,950 shares of the information services provider’s stock worth $60,000 after acquiring an additional 774 shares during the period. Finally, Exane Derivatives acquired a new stake in JD.Com during the 4th quarter worth about $75,000. Hedge funds and other institutional investors own 46.96% of the company’s stock.
JD.Com stock traded up $0.01 during midday trading on Friday, reaching $28.12. 904,119 shares of the company traded hands, compared to its average volume of 18,167,293. The company has a market cap of $33.25 billion, a price-to-earnings ratio of -937.67 and a beta of 1.28. JD.Com has a 12 month low of $19.21 and a 12 month high of $46.00. The company has a quick ratio of 0.57, a current ratio of 0.90 and a debt-to-equity ratio of 0.15.
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 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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