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Is JD.com a Good Chinese E-Commerce Stock to Buy?

Stock MarketsNov 23, 2021 09:31AM ET
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© Reuters. Is JD.com a Good Chinese E-Commerce Stock to Buy?

Chinese e-commerce company JD.com (NASDAQ:JD) received a series of price target upgrades by analysts after beating Street estimates for revenues and earnings in its third-quarter results, which were reported on November 18. But can the stock live up to analysts’ expectations given the overall weakness in the company’ financials? Let’s find out.JD.com, Inc. (JD) is one of China's two largest B2C online retailers by trading volume and revenue. The Beijing-based company was ranked #59 on the Fortune Global 500 list that was released on August 2, 2021, up 43 places compared with last year. In addition, the stock has gained 5.6% in price over the past month to close yesterday’s trading session at $87.71. Also, several analysts have raised their price targets on JD after its better-than-expected third-quarter results on November 18.

JD’s shares may have also gained because the company did not provide guidance in its latest earnings report, while its competitor, Alibaba (NYSE:BABA) Group Holding Limited (BABA), provided weaker-than-expected guidance for its fiscal 2022.

This month, JD was fined by China’s State Administration for Market Regulation for “failing to declare illegal implementation of operating concentration.” Also, JD warned that slowing consumption amid higher input costs could hurt business in the second half of its fiscal year. So, its near-term prospects look bleak.

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Is JD.com a Good Chinese E-Commerce Stock to Buy?
 

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