JD.com said on Tuesday its board has approved a new $5 billion share repurchase program, effective September, allowing the Chinese e-commerce giant to buy back its stock over the next 36 months.
JD.com Inc.'s U.S.-listed stock JD, -3.84% rose 5% early Tuesday, after the Chinese e-commerce company announced a new share buyback program of up to $5 billion. The program will last through end August 2027.
JD.com (JD) is well positioned to outperform the market, as it exhibits above-average growth in financials.
The mean of analysts' price targets for JD.com (JD) points to a 48.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
JD.com shares declined due to Walmart selling its stake, but a long-term impact is unlikely. JD.com beat earnings estimates, showing strong profit growth and tight cost controls. Strong free cash flow and aggressive buybacks make JD.com stock an attractive investment opportunity.
JD Sports Fashion shares rose on Thursday after the athleisure giant reported accelerating sales during the second quarter.
U.S. stock futures were higher this morning, with the S&P 500 futures gaining around 0.2% on Wednesday.
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.
JD.com reported strong Q2 earnings, notably beating analyst estimates on profitability, leading to a >15% surge in share price. In the H1 2024, JD repurchased approximately $3.3 billion in shares, representing around 7% of the outstanding shares. Total shareholder payouts in H1, including dividends, are close to 10%. In my view, this rally is appropriate and reflects investor confidence in JD's enhanced capability not only to generate substantial cash flows but also to return value to shareholders.
Chinese 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.
Zacks.com users have recently been watching JD.com (JD) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
JD.com delivered another quarter of growth after revenues contracted for the majority of 2023. However, Q3 revenues still came in under consensus expectations. However, JD's focus on supply chain investments and efficiency has paved the way for margin expansion, setting it apart from competitors as management believes margins can double from here. A robust buyback program that is already being executed, a solid balance sheet, and attractive single-digit valuations point to a significant upside for JD stock.