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

JD.com (NASDAQ:JD)‘s stock had its “equal weight” rating restated by equities researchers at Morgan Stanley in a report issued on Thursday, Benzinga reports. They currently have a $27.00 target price on the information services provider’s stock. Morgan Stanley’s price target points to a potential upside of 5.84% from the company’s previous close.

Several other research firms have also recently commented on JD. Citigroup cut their price target on JD.com from $43.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Nomura cut their price target on JD.com from $36.00 to $33.00 in a report on Friday, April 5th. HSBC increased their price target on JD.com from $38.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, March 7th. StockNews.com raised JD.com from a “hold” rating to a “buy” rating in a report on Monday, April 8th. Finally, Mizuho increased their price target on JD.com from $32.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, JD.com currently has an average rating of “Moderate Buy” and an average target price of $36.67.

JD.com Stock Performance

NASDAQ JD opened at $25.51 on Thursday. The stock has a market capitalization of $40.23 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 0.20 and a beta of 0.54. JD.com has a twelve month low of $20.82 and a twelve month high of $41.95. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average of $25.39 and a 200 day moving average of $25.87.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 10.87% and a net margin of 2.22%. JD.com’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS. Sell-side analysts anticipate that JD.com will post 2.85 EPS for the current fiscal year.

Institutional Trading of JD.com

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB grew its holdings in shares of JD.com by 10.8% during the fourth quarter. Nordea Investment Management AB now owns 442,453 shares of the information services provider’s stock worth $12,734,000 after buying an additional 43,175 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of JD.com during the third quarter worth about $8,566,000. Platinum Investment Management Ltd. grew its holdings in shares of JD.com by 12.8% during the third quarter. Platinum Investment Management Ltd. now owns 547,343 shares of the information services provider’s stock worth $15,944,000 after buying an additional 62,129 shares during the last quarter. Oaktree Capital Management LP grew its holdings in shares of JD.com by 68.7% during the third quarter. Oaktree Capital Management LP now owns 1,706,910 shares of the information services provider’s stock worth $49,722,000 after buying an additional 695,180 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of JD.com by 40.4% during the fourth quarter. SG Americas Securities LLC now owns 738,999 shares of the information services provider’s stock worth $21,350,000 after buying an additional 212,616 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.