Morgan Stanley Forecasts Strong Price Appreciation for JD.com (NASDAQ:JD) Stock

JD.com (NASDAQ:JD) had its price objective lifted by stock analysts at Morgan Stanley from $22.00 to $25.00 in a research note issued to investors on Wednesday,MarketScreener reports. The firm currently has an “underweight” rating on the information services provider’s stock. Morgan Stanley’s target price indicates a potential downside of 20.20% from the company’s current price.

A number of other equities research analysts have also weighed in on JD. UBS Group restated a “buy” rating on shares of JD.com in a research note on Friday, March 6th. Bank of America restated a “buy” rating and set a $33.00 price objective on shares of JD.com in a research note on Thursday, March 5th. Susquehanna decreased their target price on JD.com from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, March 9th. Benchmark reiterated a “buy” rating on shares of JD.com in a research report on Friday, March 6th. Finally, HSBC reiterated a “buy” rating and issued a $37.00 target price on shares of JD.com in a research report on Monday, December 29th. Eleven analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $36.86.

JD.com Price Performance

Shares of NASDAQ JD opened at $31.33 on Wednesday. JD.com has a fifty-two week low of $24.51 and a fifty-two week high of $38.08. The business has a 50 day moving average price of $28.06 and a two-hundred day moving average price of $29.80. The company has a quick ratio of 0.91, a current ratio of 1.22 and a debt-to-equity ratio of 0.21. The firm has a market cap of $44.88 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 9.08 and a beta of 0.36.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Saturday, February 14th. The information services provider reported $0.04 earnings per share for the quarter. JD.com had a return on equity of 7.56% and a net margin of 1.48%.The firm had revenue of $50.35 billion during the quarter. Sell-side analysts expect that JD.com will post 3.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Binnacle Investments Inc boosted its position in JD.com by 365.8% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 589 shares during the period. Root Financial Partners LLC boosted its position in JD.com by 1,020.0% during the 4th quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock valued at $32,000 after purchasing an additional 1,020 shares during the period. Stone House Investment Management LLC acquired a new position in JD.com during the 3rd quarter valued at approximately $35,000. Assetmark Inc. boosted its position in JD.com by 62.0% during the 3rd 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. Finally, Caitong International Asset Management Co. Ltd boosted its position in JD.com by 191.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 815 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Company Profile

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.