JD.com (JD): Weak Quarter But Better Than Expected - Piper Jaffray

August 11, 2016 7:15 AM EDT
Get Alerts JD Hot Sheet
Price: $26.47 -0.11%

Rating Summary:
    16 Buy, 8 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 10 | Down: 18 | New: 30
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Piper Jaffray analyst, Gene Munster, reiterated his Neutral rating on shares of JD.com, Inc (NASDAQ: JD) after June '16 financial results came in line with Street expectations. September '16 revenue guidance of 59-61B RMB was slightly below the Street at 61.4B RMB, but viewed as positive given investors were bracing for a guide-down.

The company is successfully growing its fast moving goods segment, advertising and financing business. The story continues with healthy GMV growth of 47% compared to 55% in March '16, and appears to be taking pages out of Amazon's U.S. game plan, with a relentless focus on the consumer experience at lower margins than Alibaba, the leader in China ecommerce.

No change to the price target of $27.00

For an analyst ratings summary and ratings history on JD.com, Inc click here. For more ratings news on JD.com, Inc click here.

Shares of JD.com, Inc closed at $23.41 yesterday.

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