$33.05 Billion in Sales Expected for JD.com, Inc. (NASDAQ:JD) This Quarter


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Equities research analysts expect JD.com, Inc. (NASDAQ:JD) to post $33.05 billion in sales for the current quarter, Zacks reports. Three analysts have provided estimates for JD.com’s earnings. The highest sales estimate is $34.08 billion and the lowest is $32.01 billion. JD.com posted sales of $24.52 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 34.8%. The company is expected to report its next quarterly earnings results on Monday, March 1st.

According to Zacks, analysts expect that JD.com will report full-year sales of $111.86 billion for the current financial year, with estimates ranging from $108.81 billion to $114.61 billion. For the next financial year, analysts anticipate that the company will post sales of $137.40 billion, with estimates ranging from $131.15 billion to $140.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover JD.com.

A number of analysts have recently weighed in on JD shares. Zacks Investment Research raised JD.com from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Tuesday, January 19th. Sanford C. Bernstein initiated coverage on JD.com in a research report on Monday, January 25th. They set an “outperform” rating and a $120.00 price objective on the stock. Benchmark boosted their target price on shares of JD.com from $76.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, November 17th. Macquarie boosted their target price on shares of JD.com from $107.00 to $133.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 27th. They noted that the move was a valuation call. Finally, Stifel Nicolaus upgraded shares of JD.com from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Tuesday, January 5th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $88.86.

Shares of JD.com stock traded up $1.81 during trading hours on Tuesday, reaching $99.47. 13,864,030 shares of the company were exchanged, compared to its average volume of 10,462,318. JD.com has a 1 year low of $32.70 and a 1 year high of $108.29. The stock’s fifty day moving average is $94.58 and its 200 day moving average is $83.77. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.88 and a current ratio of 1.20. The firm has a market cap of $133.24 billion, a PE ratio of 37.68, a PEG ratio of 0.94 and a beta of 0.92.

Large investors have recently made changes to their positions in the company. Candriam Luxembourg S.C.A. raised its holdings in shares of JD.com by 1.0% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 630,404 shares of the information services provider’s stock valued at $55,411,000 after buying an additional 6,060 shares during the last quarter. Bank Hapoalim BM raised its holdings in JD.com by 31.3% during the fourth quarter. Bank Hapoalim BM now owns 17,941 shares of the information services provider’s stock worth $1,577,000 after purchasing an additional 4,278 shares in the last quarter. Toronto Dominion Bank raised its holdings in JD.com by 880.2% during the third quarter. Toronto Dominion Bank now owns 20,682 shares of the information services provider’s stock worth $1,605,000 after purchasing an additional 18,572 shares in the last quarter. American International Group Inc. raised its holdings in JD.com by 2.6% during the third quarter. American International Group Inc. now owns 66,606 shares of the information services provider’s stock worth $5,169,000 after purchasing an additional 1,664 shares in the last quarter. Finally, Verdence Capital Advisors LLC purchased a new position in JD.com during the third quarter worth about $526,000. 40.27% of the stock is owned by institutional investors and hedge funds.

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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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