JD.com (NASDAQ:JD) Price Target Raised to $27.00 at Morgan Stanley

JD.com (NASDAQ:JDGet Free Report) had its price target lifted by Morgan Stanley from $25.00 to $27.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The firm currently has an “underweight” rating on the information services provider’s stock. Morgan Stanley’s target price would indicate a potential downside of 14.26% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. UBS Group restated a “buy” rating on shares of JD.com in a report on Friday, March 6th. Wall Street Zen upgraded shares of JD.com from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Barclays raised their price target on shares of JD.com from $34.00 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, April 14th. Weiss Ratings raised JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Finally, Susquehanna reduced their price objective on JD.com from $32.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, March 9th. Eleven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.85.

Check Out Our Latest Analysis on JD.com

JD.com Trading Up 3.1%

Shares of JD stock opened at $31.49 on Wednesday. JD.com has a 1-year low of $24.51 and a 1-year high of $38.08. The firm has a market cap of $45.11 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 8.39 and a beta of 0.41. The company has a 50-day moving average of $29.00 and a two-hundred day moving average of $29.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.22 and a quick ratio of 0.91.

JD.com (NASDAQ:JDGet Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. The business had revenue of $45.79 billion during the quarter. JD.com had a return on equity of 7.56% and a net margin of 1.48%. On average, analysts predict that JD.com will post 2.66 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Channing Global Advisors LLC raised its position in JD.com by 1.9% in the third quarter. Channing Global Advisors LLC now owns 17,291 shares of the information services provider’s stock worth $605,000 after acquiring an additional 321 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of JD.com by 0.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,912 shares of the information services provider’s stock worth $1,633,000 after purchasing an additional 354 shares in the last quarter. Synergy Financial Group LTD grew its stake in shares of JD.com by 4.5% during the 4th quarter. Synergy Financial Group LTD now owns 8,763 shares of the information services provider’s stock worth $251,000 after purchasing an additional 378 shares during the period. First Pacific Financial increased its holdings in shares of JD.com by 2.9% in the 1st quarter. First Pacific Financial now owns 14,210 shares of the information services provider’s stock valued at $420,000 after purchasing an additional 395 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in shares of JD.com by 62.0% in the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 399 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com News Summary

Here are the key news stories impacting JD.com this week:

JD.com Company Profile

(Get Free Report)

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.

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Analyst Recommendations for JD.com (NASDAQ:JD)

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