Morgan Stanley Cuts JD.com (NASDAQ:JD) Price Target to $24.00

JD.com (NASDAQ:JD) had its target price trimmed by Morgan Stanley from $28.00 to $24.00 in a report published on Wednesday,MarketScreener reports. The firm currently has an underweight rating on the information services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Zacks Research cut shares of JD.com from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $38.00 price target on shares of JD.com in a research note on Friday, November 14th. Bank of America reduced their price target on shares of JD.com from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Citigroup dropped their target price on JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, January 2nd. Finally, Arete Research set a $32.00 target price on JD.com in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, JD.com presently has an average rating of “Moderate Buy” and an average target price of $38.40.

JD.com Price Performance

JD.com stock opened at $28.90 on Wednesday. JD.com has a 12 month low of $28.21 and a 12 month high of $46.44. The stock has a market capitalization of $41.40 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 5.35 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.20 and a quick ratio of 0.88. The business has a 50 day simple moving average of $29.50 and a 200-day simple moving average of $31.67.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, November 13th. The information services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.08. The firm had revenue of $41.98 billion during the quarter, compared to analysts’ expectations of $40.87 billion. JD.com had a net margin of 2.46% and a return on equity of 10.99%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the company posted $8.68 earnings per share. Equities analysts predict that JD.com will post 3.91 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. FengHe Fund Management Pte. Ltd. raised its holdings in JD.com by 106.7% during the 3rd quarter. FengHe Fund Management Pte. Ltd. now owns 215,000 shares of the information services provider’s stock worth $7,521,000 after buying an additional 111,000 shares during the period. Nordea Investment Management AB lifted its position in shares of JD.com by 2.3% in the 2nd quarter. Nordea Investment Management AB now owns 624,424 shares of the information services provider’s stock valued at $20,291,000 after acquiring an additional 13,755 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in JD.com by 42.6% in the 2nd quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider’s stock worth $3,780,000 after purchasing an additional 34,585 shares during the period. Perpetual Ltd raised its stake in JD.com by 2.4% during the 2nd quarter. Perpetual Ltd now owns 572,843 shares of the information services provider’s stock valued at $18,698,000 after purchasing an additional 13,587 shares during the period. Finally, Polunin Capital Partners Ltd raised its stake in JD.com by 1.8% during the 2nd quarter. Polunin Capital Partners Ltd now owns 2,037,856 shares of the information services provider’s stock valued at $66,638,000 after purchasing an additional 35,747 shares during the period. Institutional investors own 15.98% of the company’s stock.

About JD.com

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.