Home Analyst Ratings JD.com Upgraded to Buy at Stifel with $‎105 price target

JD.com [JD] Upgraded to Buy at Stifel with $‎105 price target

Stifel took its JD.com [JD] rating to the equivalent of Buy from Hold, and the price target to $105 from, ‎in a research note dated 2021-01-05. That figure represents around a 21.63% premium from where the ‎company’s shares closed on Monday. Other analysts also revised their coverage, with Macquarie’s ‎analysts upgrading the shares from “a Neutral” rating to “an Outperform” rating in a research note to ‎investors issued in mid August. Meanwhile, The Benchmark Company had maintained its rating on JD ‎to the earlier “Buy” rating, in a research note produced for clients May 18, 2020. In addition, there was ‎an upgrade from Mizuho on May 13, 2020. The rater changed JD from “a Neutral” to “a Buy”.

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Is JD.com Inc. [NASDAQ:JD] a Good Buy Right ‎Now?

It should be noted that JD technical indicators for short, intermediate as well as long term ‎progress have placed an overall average of 88% as Buy. The average signal changed from 80% Buy in ‎the last week and compares with 88% Buy in the past month. Data from JD.com Inc.’s Trend Spotter ‎indicated that the signals were Weakening. The stock current average is 10.61 million shares in the past ‎‎20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading ‎volume was 12.48 million shares while the medium term average advocated for 100% Buy. The average ‎long-term signal stands at 100% Buy and the 100-day average volume stands at 12.32 million ‎shares.

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JD Price Performance

On Wall Street, JD.com Inc. [NASDAQ:JD] finished Monday’s ‎session down -1.79% at $86.33. The stock went up to $88.06 at the same session while its lowest single ‎day price was $85.16. In the last five days, it saw a rise of about 2.18%, JD.com Inc. shares dropped by ‎almost -1.79% since the beginning of the year. However, the share price has dropped to as low as -‎‎6.94% below its one year high. On 01/04/21, the company shares recorded $88.06, the highest single-‎day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at ‎‎$85.16. The company’s shares have inclined by 127.24% in the past year. The 50-day SMA achieved is ‎‎$84.64 while the 200-day SMA is $66.95. Volume gained to 9.2 million from 7.73 million in the previous ‎session.

JD.com Inc. [JD] Valuation Measures

Notably, JD.com Inc. [JD] stock cannot be ‎classified as a good candidate in the listing of underestimated low-priced Internet Retail companies to ‎purchase soonest possible with the prevailing 12-month PE ratio of 30.67. The measure means the ‎stock is exchanging at a premium as compared to the 21.97x trailing earnings of the industry. It can be ‎helpful for investors to consider historical price-sales ratio, more specifically, a 1.26 PS value ratio is ‎reported for the last one year of reported earnings. That is higher than the industry average of 0.73 ‎which means JD serve an unattractive investment opportunity compared to its competitors.

JD ‎Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived ‎around 84.97 level, and in case of violation of this particular level, it will cause more drop to 83.62 level. ‎On the upper level, 89.42 is still the key resistance. The stock may increase to the subsequent ‎resistance at 87.87. The Relative Strength Index (RSI) pinned on the 14-day chart is 53.84, implying a ‎neutral technical stance while the MACD stands at 4.32, meaning price will increase in the next trading ‎period. Percent R indicator moved to 30.79%, implying low price movement. Stochastic %K at 79.19% ‎suggest selling the stock.

What is the short interest in JD.com Inc.?

Short interest in the ‎JD.com Inc. stock has surged, increasing by 90000.0 shares to total 36.89 million shares on Dec 14, 2020. ‎The interest had seen shares on Nov 12, 2020 stand at 36.98 million, data from Yahoo Finance shows. ‎The decrease of -0.24% suggests the stock saw some decreased bullish sentiment.

JD.com Inc.’s ‎Biggest Shareholders: Who Owns JD.com Inc. [JD]?

Filings by Tiger Global Management LLC ‎showed that the firm now holds a total of 51,650,366 shares or roughly 3.86% of the outstanding JD ‎shares. This means their shares have reduced by 0 from the 51,650,366 the investor reportedly held in ‎its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth ‎‎$2,319,369,009. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -‎‎4.29% stake valued at $2,230,341,022 while D1 Capital Partners LLC added theirs at $1,781,774,111. ‎During the last quarter, BlackRock Fund Advisors liquidated -1,171,739 of its shares in JD.com Inc. while ‎D1 Capital Partners LLC bought 660,000 shares. The SSgA Funds Management, Inc.’s holdings currently ‎number 17,952,018 shares at $1549797713.94. According to the firm’s last 13F report, Hillhouse Capital ‎Advisors Ltd. shares in the company at filing stood at 16,005,041 shares, roughly $1,366,030,249.

JD ‎Earnings Forecast For The Current Quarter

JD.com Inc. [JD] is expected to report strong earnings ‎results for the quarter ending on Dec 2020. Consensus estimates give the company expected ‎revenues of $33.53B and an earnings per share of $0.24 for Dec 2020. Looking further ahead, the ‎company is expected to report revenue of $28.75B at an EPS of $0.52 for Mar 2021. The estimates ‎represent upside of 23.00% and 41.41% in the company’s revenue and earnings per share, ‎respectively, on a year-on-year basis.

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JD Earnings ‎Estimates For The Current Year

For the financial year, JD.com Inc. [NASDAQ:JD] is expected to ‎bring in revenue of $113.44B. The returns are nearly $31.01 billion higher than the company’s actual ‎revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 1.64, higher ‎than that of FY19 by $0.61. Estimates put this year’s earnings growth at 59.20%, 41.50% for the next, ‎and at an annual 6.68% over the next 5-year period. As for sales, forecasts are for an increase of ‎‎37.60% in the current fiscal year and a further 23.00% over the following year.‎

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