JD.com, Inc. (NASDAQ:JD)‘s stock had its “buy” rating reissued by stock analysts at Instinet in a research note issued to investors on Tuesday. They presently have a $55.00 target price on the information services provider’s stock, up from their prior target price of $46.00. Instinet’s price target would indicate a potential upside of 24.86% from the company’s current price.

JD has been the topic of several other research reports. Zacks Investment Research downgraded JD.com from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Vetr upgraded JD.com from a “hold” rating to a “buy” rating and set a $42.50 price objective on the stock in a report on Tuesday, May 23rd. Nomura reiterated a “buy” rating and issued a $46.00 price objective on shares of JD.com in a report on Tuesday, May 9th. Goldman Sachs Group, Inc. (The) lifted their price objective on JD.com from $38.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Finally, Benchmark Co. reiterated a “buy” rating and issued a $48.00 price objective (up previously from $40.00) on shares of JD.com in a report on Tuesday, May 9th. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $41.86.

JD.com (NASDAQ:JD) traded down 0.45% during midday trading on Tuesday, hitting $44.05. The company’s stock had a trading volume of 18,834,737 shares. JD.com has a 52-week low of $23.38 and a 52-week high of $48.99. The stock has a 50 day moving average of $43.24 and a 200 day moving average of $36.71.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.02. JD.com had a negative return on equity of 1.46% and a negative net margin of 0.96%. The business had revenue of $93.20 billion for the quarter, compared to the consensus estimate of $89.35 billion. During the same quarter last year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was up 43.6% on a year-over-year basis. Analysts expect that JD.com will post $0.42 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “JD.com, Inc. (JD) Earns Buy Rating from Instinet” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.watchlistnews.com/jd-com-inc-jd-earns-buy-rating-from-instinet/1492548.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in JD. Nomura Asset Management Co. Ltd. increased its position in shares of JD.com by 1.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 81,264 shares of the information services provider’s stock worth $2,528,000 after buying an additional 1,508 shares in the last quarter. BP PLC increased its position in shares of JD.com by 18.0% in the first quarter. BP PLC now owns 464,046 shares of the information services provider’s stock worth $14,436,000 after buying an additional 70,841 shares in the last quarter. Vanguard Group Inc. increased its position in shares of JD.com by 1.4% in the first quarter. Vanguard Group Inc. now owns 3,482,847 shares of the information services provider’s stock worth $108,351,000 after buying an additional 46,530 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of JD.com by 79.7% in the second quarter. Russell Investments Group Ltd. now owns 1,660,159 shares of the information services provider’s stock worth $65,106,000 after buying an additional 736,545 shares in the last quarter. Finally, Dai Ichi Life Insurance Company Ltd increased its position in shares of JD.com by 3.0% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 179,613 shares of the information services provider’s stock worth $5,588,000 after buying an additional 5,299 shares in the last quarter. Institutional investors own 48.97% of the company’s stock.

About JD.com

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.

Analyst Recommendations for JD.com (NASDAQ:JD)

Receive News & Ratings for JD.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.com Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.