Brokerages predict that JD.com, Inc. (NASDAQ:JD) will post sales of $16.33 billion for the current quarter, according to Zacks. Two analysts have made 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 company is expected to report its next earnings report on Thursday, March 1st.

On average, 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 financial year, analysts expect that the business will report sales of $70.80 billion per share, with estimates ranging from $68.49 billion to $73.11 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover JD.com.

JD has been the subject of several research analyst reports. Morgan Stanley downgraded shares of JD.com from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $50.00 to $52.00 in a research report on Tuesday, November 14th. UBS upgraded shares of JD.com from a “neutral” rating to a “buy” rating in a research report on Monday, October 30th. MKM Partners upgraded shares of JD.com from a “neutral” rating to a “buy” rating and upped their price target for the stock from $33.00 to $51.00 in a report on Wednesday, August 23rd. They noted that the move was a valuation call. BidaskClub downgraded shares of JD.com from a “sell” rating to a “strong sell” rating in a report on Thursday, October 26th. Finally, Nomura upped their price target on shares of JD.com from $49.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $45.65.

Several institutional investors have recently modified their holdings of the stock. Jennison Associates LLC grew its stake in shares of JD.com by 0.8% in the second quarter. Jennison Associates LLC now owns 36,469 shares of the information services provider’s stock worth $1,430,000 after purchasing an additional 277 shares during the last quarter. Formula Growth Ltd. grew its stake in shares of JD.com by 0.9% in the second quarter. Formula Growth Ltd. now owns 71,347 shares of the information services provider’s stock worth $2,798,000 after purchasing an additional 637 shares during the last quarter. Compagnie Lombard Odier SCmA grew its stake in shares of JD.com by 1.2% in the second quarter. Compagnie Lombard Odier SCmA now owns 77,890 shares of the information services provider’s stock worth $3,054,000 after purchasing an additional 900 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of JD.com by 6.1% in the second quarter. HighTower Advisors LLC now owns 16,591 shares of the information services provider’s stock worth $650,000 after purchasing an additional 955 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its stake in shares of JD.com by 2.8% in the second quarter. Rafferty Asset Management LLC now owns 37,468 shares of the information services provider’s stock worth $1,469,000 after purchasing an additional 1,036 shares during the last quarter. 44.99% of the stock is currently owned by institutional investors.

JD.com (NASDAQ JD) opened at $40.32 on Friday. JD.com has a 1 year low of $25.25 and a 1 year high of $48.99. The company has a market cap of $56,980.00, a P/E ratio of 2,031.50 and a beta of 1.37. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.79 and a current ratio of 1.12.

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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.

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