The stock of JD.Com Inc(ADR) (NASDAQ:JD) is a huge mover today! About 17.98M shares traded hands or 82.91% up from the average. JD.Com Inc(ADR) (NASDAQ:JD) has declined 19.84% since April 13, 2016 and is downtrending. It has underperformed by 23.77% the S&P500.
The move comes after 7 months positive chart setup for the $37.61 billion company. It was reported on Nov, 15 by Barchart.com. We have $42.80 PT which if reached, will make NASDAQ:JD worth $23.32 billion more.
Analysts await JD.Com Inc(ADR) (NASDAQ:JD) to report earnings on November, 21. They expect $-0.06 earnings per share, 0.00% or $0.00 from last year’s $-0.06 per share. After $-0.03 actual earnings per share reported by JD.Com Inc(ADR) for the previous quarter, Wall Street now forecasts 100.00% negative EPS growth.
JD.Com Inc(ADR) (NASDAQ:JD) Ratings Coverage
Out of 14 analysts covering JD.com (NASDAQ:JD), 10 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 71% are positive. JD.com has been the topic of 20 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Bank of America maintained the shares of JD in a report on Thursday, August 11 with “Neutral” rating. The firm has “Buy” rating given on Thursday, August 6 by TH Capital. The stock has “Buy” rating given by Jefferies on Thursday, August 11. Morgan Stanley upgraded JD.Com Inc(ADR) (NASDAQ:JD) on Thursday, December 17 to “Overweight” rating. Stifel Nicolaus maintained JD.Com Inc(ADR) (NASDAQ:JD) on Friday, October 14 with “Buy” rating. The firm has “Neutral” rating given on Tuesday, September 20 by M Partners. Credit Suisse downgraded JD.Com Inc(ADR) (NASDAQ:JD) rating on Tuesday, May 10. Credit Suisse has “Neutral” rating and $21 price target. The firm has “Overweight” rating by Morgan Stanley given on Monday, August 10. The rating was maintained by Nomura with “Buy” on Thursday, August 11. The rating was initiated by Goldman Sachs on Friday, November 6 with “Buy”.
According to Zacks Investment Research, “JD.com, Inc. operates as an online direct sales company in China. The Company, through its Website www.jd.com and mobile applications offers a selection of authentic products. It offers computers; mobile handsets and other digital products, home appliances; automobile accessories; clothing and shoes; luxury goods including handbags, watches and jewelry, furniture and household products; cosmetics and other personal care items; food and nutritional supplements; books, e-books, music, movies and other media products; mother and childcare products; toys, sports and fitness equipment; and virtual goods. JD.com, Inc. is based in Beijing, China.”
More recent JD.Com Inc(ADR) (NASDAQ:JD) news were published by: Profitconfidential.com which released: “JD.com Inc (ADR): This Internet Stock Has Huge Upside Potential” on August 18, 2016. Also Investorplace.com published the news titled: “Amazon.com, Inc. (AMZN) vs. JD.Com (JD) – Which Is the Better Growth Stock?” on October 11, 2016. Profitconfidential.com‘s news article titled: “JD.Com Inc(ADR): JD Stock Is on the Verge of a Monster Run” with publication date: October 25, 2016 was also an interesting one.
JD Company Profile
JD.com, Inc., incorporated in January 2014, is an online direct sales company. The Firm 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. It also offers an online marketplace that enables third-party sellers to sell their products to clients on the Company’s Website. The Firm operates through the provision of a single class of services for accelerating and improving the delivery of its products over the Internet. The Firm also offers online and in-person payment options and customer services. The Firm operates approximately 210 warehouses with an aggregate gross floor area of approximately four million square meters in over 50 cities.
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