JD.com (NASDAQ:JD) Stock Rating Reaffirmed by Morgan Stanley

JD.com (NASDAQ:JD)‘s stock had its “equal weight” rating restated by investment analysts at Morgan Stanley in a note issued to investors on Thursday, Benzinga reports. They presently have a $27.00 target price on the information services provider’s stock. Morgan Stanley’s price objective points to a potential upside of 6.42% from the company’s previous close.

Several other brokerages have also recently weighed in on JD. Mizuho upped their price target on shares of JD.com from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. JPMorgan Chase & Co. upped their price target on shares of JD.com from $25.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Barclays lowered their price target on shares of JD.com from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, January 31st. Benchmark reaffirmed a “buy” rating and issued a $55.00 price target on shares of JD.com in a research report on Tuesday. Finally, Susquehanna reduced their price objective on shares of JD.com from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, April 5th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.67.

JD.com Trading Up 0.9 %

Shares of JD stock traded up $0.22 during trading hours on Thursday, reaching $25.37. 6,574,203 shares of the stock were exchanged, compared to its average volume of 14,629,174. The firm has a market capitalization of $40.01 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 0.20 and a beta of 0.54. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. JD.com has a 12-month low of $20.82 and a 12-month high of $41.95. The company’s 50-day moving average price is $25.26 and its 200-day moving average price is $25.90.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $4.74. The company had revenue of $306.08 billion during the quarter, compared to analysts’ expectations of $300.21 billion. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. As a group, equities analysts anticipate that JD.com will post 2.85 earnings per share for the current year.

Institutional Trading of JD.com

Several large investors have recently made changes to their positions in JD. O Dell Group LLC purchased a new stake in shares of JD.com in the 4th quarter valued at $40,000. China Universal Asset Management Co. Ltd. boosted its holdings in shares of JD.com by 146.3% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 1,754 shares of the information services provider’s stock valued at $51,000 after acquiring an additional 1,042 shares during the last quarter. Mizuho Securities Co. Ltd. boosted its holdings in JD.com by 468.8% during the third quarter. Mizuho Securities Co. Ltd. now owns 1,820 shares of the information services provider’s stock worth $53,000 after buying an additional 1,500 shares in the last quarter. Ronald Blue Trust Inc. boosted its holdings in JD.com by 28.4% during the third quarter. Ronald Blue Trust Inc. now owns 1,883 shares of the information services provider’s stock worth $55,000 after buying an additional 416 shares in the last quarter. Finally, First Manhattan Co. boosted its holdings in JD.com by 32.5% during the fourth quarter. First Manhattan Co. now owns 994 shares of the information services provider’s stock worth $56,000 after buying an additional 244 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

About JD.com

JD.com, Inc provides supply chain-based technologies and services in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.