JD.com (JD) Narrows Q2 Loss to RMB0.01/Share; Guides Q3 Revs

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Go back to JD.com (JD) Narrows Q2 Loss to RMB0.01/Share; Guides Q3 Revs

JD.com (JD) Taps New High on Strong Volume

August 19, 2014 9:55 AM EDT

JD.com (NASDAQ: JD) is seeing strong early gains on solid volume. Shares are up 4.5% to a new high of $31.40.

Analysts were positive on the company following earnings late last week. SunTrust Robinson Humphrey's Robert Peck reiterated a Buy rating and $35 price target Monday,... More

Cowen Comments on JD.com (JD) Following Q2 Results; Affirms 'Market Perform' Rating

August 18, 2014 8:12 AM EDT

Cowen and Company affirms JD.com (Nasdaq: JD) at Market Perform with a price target of RMB31 following Q2 results.

Analyst John Blackledge noted that JD's Q2 results were solid with GMV growth of 107% y/y and net revenues up 64 percent y/y, 9 percent better than our estimates. Results were modestly offset by higher cost, but JD is appropriately investing and demonstrating solid traction in all key growth metrics. We tweaked est's modestly... More