Morgan Stanley Cuts JD.com (NASDAQ:JD) Price Target to $90.00


Share on StockTwits

JD.com (NASDAQ:JD) had its price objective lowered by Morgan Stanley from $92.00 to $90.00 in a research note published on Tuesday morning, The Fly reports. Morgan Stanley currently has an overweight rating on the information services provider’s stock.

Several other equities analysts have also commented on the company. Sanford C. Bernstein initiated coverage on JD.com in a report on Monday, January 25th. They issued an outperform rating and a $120.00 target price on the stock. Zacks Investment Research lowered JD.com from a hold rating to a sell rating in a report on Tuesday, March 16th. Deutsche Bank Aktiengesellschaft initiated coverage on JD.com in a report on Monday, January 25th. They issued a buy rating and a $114.00 target price on the stock. Citigroup increased their target price on JD.com from $117.00 to $120.00 in a report on Friday, March 12th. Finally, Mizuho raised their price objective on JD.com from $90.00 to $105.00 and gave the stock a buy rating in a report on Friday, January 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $99.50.

Shares of NASDAQ JD opened at $77.04 on Tuesday. The stock has a market cap of $103.19 billion, a P/E ratio of 29.40, a PEG ratio of 0.94 and a beta of 0.92. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.08. JD.com has a 12-month low of $40.58 and a 12-month high of $108.29. The business’s fifty day simple moving average is $85.39 and its 200-day simple moving average is $87.09.

JD.com (NASDAQ:JD) last posted its earnings results on Thursday, March 11th. The information services provider reported $1.49 EPS for the quarter, beating the consensus estimate of $0.19 by $1.30. The firm had revenue of $224.33 billion for the quarter, compared to analyst estimates of $219.21 billion. JD.com had a return on equity of 10.00% and a net margin of 4.14%. JD.com’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 earnings per share. On average, equities analysts forecast that JD.com will post 1.27 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in JD.com by 1.0% in the fourth quarter. BlackRock Inc. now owns 41,783,500 shares of the information services provider’s stock valued at $3,672,770,000 after purchasing an additional 408,367 shares during the period. FMR LLC lifted its position in JD.com by 20.7% in the fourth quarter. FMR LLC now owns 19,585,343 shares of the information services provider’s stock valued at $1,721,552,000 after purchasing an additional 3,362,297 shares during the period. TRG Investments LLC lifted its position in JD.com by 39.0% in the fourth quarter. TRG Investments LLC now owns 12,464,567 shares of the information services provider’s stock valued at $1,095,636,000 after purchasing an additional 3,494,133 shares during the period. Norges Bank acquired a new stake in JD.com in the fourth quarter valued at about $979,596,000. Finally, Fisher Asset Management LLC lifted its position in JD.com by 3.5% in the fourth quarter. Fisher Asset Management LLC now owns 7,833,260 shares of the information services provider’s stock valued at $688,544,000 after purchasing an additional 262,068 shares during the period. Hedge funds and other institutional investors own 40.27% of the company’s stock.

About JD.com

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

See Also: How to Invest in Marijuana Stocks

The Fly

Analyst Recommendations for JD.com (NASDAQ:JD)

Receive News & Ratings for JD.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.com and related companies with MarketBeat.com's FREE daily email newsletter.