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”.
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.
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.
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.