JD.com (JD) Tops Q3 EPS by 13c on Revenues of $12.6B; Offers 4Q Revenue Guidance

JD.com, Inc (JD) PT Raised to $52 at Nomura/Instinet Following 3Q Report

November 14, 2017 7:52 AM EST

Nomura/Instinet raised its price target on JD.com, Inc (NASDAQ: JD) to $52.00 (from $49.00) while maintaining a Buy rating following the company's 3Q earnings release. JDs gross margin came in at 15.5%, vs the consensus estimate of 14.8%. Online marketing service likely accounted for... More

CLSA Retierates Buy Rating & $56 PT on JD.com (JD) Following 3Q Beat; 'Big Margin Beat'

November 14, 2017 6:42 AM EST

CLSA reiterates Buy rating and $56 price target on JD.com, Inc (NASDAQ: JD), following the company's third quarter earnings report.

Analyst Elinor Leung notes a positive outlook on the shares, as the company reported third quarter earnings per share and revenue results above... More

Morgan Stanley Downgrades JD.com, Inc (JD) to Equalweight

November 14, 2017 4:54 AM EST

Morgan Stanley downgraded JD.com, Inc (NASDAQ: JD) from Overweight to Equalweight with a price target of $45.00 (from $53.00).

Analyst Grace Chen prefers to step aside and await a better to build a position or open a new position noting GMV is... More

JD.com, Inc (JD) PT Raised to $51 at Pacific Crest

November 13, 2017 4:26 PM EST

Pacific Crest raised its price target on JD.com, Inc (NASDAQ: JD) to $51.00 (from $49.00) while maintaining an Overweight rating.

Analyst Hans Chung said strong 1P margin more than offset 3P apparel headwinds.

... More

The 20 percent club: hedge fund stars of an industry rebound

November 10, 2017 1:09 PM EST

By Lawrence Delevingne

NEW YORK (Reuters) - A group of prominent hedge funds have roared back with market-trouncing returns in 2017, helping the industry score its best performance in at least four years in a surprise rebound for an often maligned pocket of Wall Street.

An elite club of managers rode bull markets and increased dispersion between securities to score profits of at least 20 percent through the end of October, a dramatic improvement from last year for investors such as Larry Robbins, Philippe Laffont and Chase Coleman, people familiar with individual funds' performance said.

One of the... More

China shopping festival smashes record with $25 billion haul

November 10, 2017 11:10 AM EST

By Adam Jourdan

SHANGHAI (Reuters) - Alibaba (NYSE: BABA), the Chinese e-commerce giant, said on Saturday its Singles' Day sales extravaganza hit $25.4 billion, smashing its own record from last year and cementing it as the world's biggest shopping event.

Once a celebration for China's lonely hearts, Singles' Day has become an annual 24-hour buying frenzy that exceeds the combined sales for Black Friday and Cyber Monday in the United States, and acts as a barometer for China's consumers.

As tills shut midnight on Saturday, Alibaba's live sales ticker registered 168.3 billion... More