One of legendary investor Michael Burry’s top five holdings, JD.com (NASDAQ: JD), announced on August 27 a $5 billion share repurchase program.The share buyback program, which will last from September 2024 through August 2027 and include American depositary shares (ADS), aims to rekindle investors’ confidence in the face of growing competition in the Chinese e-commerce sector.This program will be another positive development after JD.com posted a beat of its profit forecasts for Q2 on August 15 and will ser ...

BEIJING, Aug. 27, 2024 (GLOBE NEWSWIRE) -- JD.com, Inc. (“JD.com” or the “Company”) (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a leading supply chain-based technology and service provider, today announced that its board of directors (the “Board”) has approved a new share repurchase program (the “New Share Repurchase Program”), effective from September 2024. Pursuant to the New Share Repurchase Program, the Company may repurchase up to US$5.0 billion worth of its shares (including ADS ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), whic ...

Shares of JD.com, Inc. (JD) have gained 1.2% over the past four weeks to close the last trading session at $26.64, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $39.59 indicates a potential upside of 48.6%.The mean estimate comprises 17 short-term price targets with a standard deviation of $9.46. While the lowest estimate of $28 indicates a 5.1% increase from the current price ...

Photo by Nathan Stirk/Getty ImagesGetty ImagesJD Sports Fashion shares rose on Thursday after the athleisure giant reported accelerating sales during the second quarter.At 133p per share, the FTSE 100 company was last dealing 3.8% higher.JD’s like-for-like sales rose 2.4% during the three months to July, while revenues on an organic basis increased 8.3%.Like-for-like sales had fallen 0.7% in the prior quarter, while organic turnover had increased by a more modest 4.9%.JD said that "the quarter-on-quarter tr ...

Recent 13F fillings for Q2 revealed that JD.com (NASDAQ: JD) stock is now legendary investor Michael Burry’s fifth-largest holding at 12.31% portfolio weighting after a 30.56% reduction in the previous quarter.Michael Burry’s portfolio. Source: DataRomaInterestingly, during the previous trading day, JD stock fell 4.57%, decreasing the price of JD shares to $28.19 at the close. Losses extended in pre-market trading by 7.09%.JD stock 24-hour price chart. Source: Google FinanceSo, what exactly caused the slump ...

16 Aug 2024 JD.com (JD US) better-than-expected 2Q earnings growth | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------|----------------------------------|---------------------------------------| | Target Price Up/Downside Current Price | | US$51.90 100.4% US$25.90 | | China Internet | | | | Saiyi HE, CFA (852) 3916 1739 hesaiyi@cmbi.com.hk | | | | Ye TAO franktao@cmbi.com.hk | | | | Wentao LU, CFA luwen ...

xiaoke chen/iStock Unreleased via Getty ImagesJD.com (NASDAQ:JD) (OTCPK:JDCMF) reported earnings for the June quarter on August 15th and reported an overall strong set of results, beating analyst consensus estimates on profitability. Indeed, shares surged >15% in the two days following the earnings release, as investors repriced the e-commerce giant's ability not only to generate cash flows but also to distribute these cash flows to shareholders - with cumulative buybacks in H1 2024 of about $3.3 billio ...

JD.com TodayJDJD.com$29.68 +0.39 (+1.33%) 52-Week Range$20.82▼$35.69Dividend Yield2.49%P/E Ratio13.55Price Target$36.93Add to WatchlistChinese eCommerce giant JD.com Inc. NASDAQ: JD shares rallied 12% following a solid Q2 2024 earnings report. As the largest online retailer in China, the company serves over 600 million customers. Top-line growth has slowed, but the company posted record net profits in the quarter as it continues to refine its operations. JD.com is often referred to as the Amazon.com Inc. NA ...

FangXiaNuoInvestment Thesis Beijing-based Chinese e-commerce company JD.com (NASDAQ:JD) (OTCPK:JDCMF) is one of the two largest online retailers in China that reported its Q2 earnings results late last week, the other being Chinese e-commerce behemoth Alibaba (NYSE:BABA). While both companies reported seemingly mixed results, with the e-commerce companies missing their respective consensus estimates for total sales, it was JD’s earnings report that caught my attention, with management’s confidence in po ...