JD.com (NASDAQ:JD) Earns “Hold” Rating from Daiwa Securities Group

JD.com (NASDAQ:JD)‘s stock had its “hold” rating reiterated by analysts at Daiwa Securities Group in a research report issued on Tuesday, Marketbeat reports. They currently have a $27.00 price objective on the information services provider’s stock. Daiwa Securities Group’s target price suggests a potential upside of 2.80% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Benchmark lifted their target price on JD.com from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Barclays raised their target price on shares of JD.com from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Susquehanna lifted their price objective on shares of JD.com from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Weiss Ratings raised shares of JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, April 27th. Finally, UBS Group reissued a “buy” rating on shares of JD.com in a research note on Friday, March 6th. Nine equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $37.62.

JD.com Stock Performance

Shares of JD stock traded down $0.76 during mid-day trading on Tuesday, reaching $26.27. The stock had a trading volume of 3,850,034 shares, compared to its average volume of 9,928,962. The firm has a market cap of $32.79 billion, a price-to-earnings ratio of 20.53 and a beta of 0.39. The business’s fifty day moving average is $30.00 and its 200-day moving average is $29.04. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. JD.com has a 1-year low of $24.51 and a 1-year high of $36.86.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 earnings per share (EPS) for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. The firm had revenue of $45.79 billion during the quarter. On average, research analysts forecast that JD.com will post 2.71 earnings per share for the current year.

Hedge Funds Weigh In On JD.com

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of JD.com by 139.0% in the first quarter. SG Americas Securities LLC now owns 4,334,816 shares of the information services provider’s stock worth $128,181,000 after buying an additional 2,521,045 shares during the period. SIH Partners LLLP raised its stake in shares of JD.com by 74.1% in the 4th quarter. SIH Partners LLLP now owns 4,991,448 shares of the information services provider’s stock valued at $143,255,000 after purchasing an additional 2,125,212 shares in the last quarter. Syquant Capital Sas bought a new position in shares of JD.com during the fourth quarter worth about $35,323,000. Northwestern Mutual Wealth Management Co. increased its holdings in JD.com by 1,172.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,636 shares of the information services provider’s stock valued at $35,434,000 after buying an additional 1,137,592 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in JD.com by 197.2% during the 4th quarter. HighTower Advisors LLC now owns 1,384,810 shares of the information services provider’s stock worth $39,744,000 after buying an additional 918,880 shares during the last quarter. Hedge funds and other 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.