TopMarketGainers
Long

JD.COM beats on earnings, Lots of upside potential.

NASDAQ:JD   JD.COM INC SPON ADS EACH REPR 2 ORD SHS CLASS A
The company's total net revenue rose to 150.28 billion yuan ($21.28 billion) in the second quarter ended June 30 from 122.29 billion yuan a year earlier. Analysts were expecting revenue of 147.49 billion yuan, according
to IBES data from Refinitiv. JD .com posted a net income of 545.9 million yuan compared with a net loss of 2.28 billion yuan, a year earlier.

AVERAGE ANALYSTS PRICE TARGET $34
AVERAGE ANALYSTS RECOMMENDATION overweight
P/E RATIO 86
SHORT INTEREST 4.5%
COMPANY PROFILE
JD .com, Inc. is a technology driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. The company operates through the following business segments: JD Mall, and New Businesses. The JD Mall segment represents its core e-commerce business. The New Businesses segment includes logistic services provided to third parties, technology services, overseas business, insurance and O2O. It also provides an online marketplace, whereby third-party sellers sell products to customers primarily through its websites and mobile apps. The company offers advertising, logistics and other value-added services. JD com was founded on June 18, 1998 by Qiang Dong Liu and is headquartered in Beijing, China.
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