Daiwa Securities Group Reaffirms Hold Rating for JD.com (NASDAQ:JD)

JD.com (NASDAQ:JD)‘s stock had its “hold” rating reaffirmed by equities research analysts at Daiwa Securities Group in a research note issued to investors on Tuesday, Marketbeat.com reports. They presently have a $27.00 price objective on the information services provider’s stock. Daiwa Securities Group’s price target points to a potential upside of 2.80% from the company’s current price.

A number of other research firms have also recently issued reports on JD. Susquehanna upped their price objective on shares of JD.com from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Benchmark boosted their price objective on shares of JD.com from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Bank of America reaffirmed a “buy” rating and set a $33.00 target price on shares of JD.com in a research report on Thursday, March 5th. UBS Group reiterated a “buy” rating on shares of JD.com in a research report on Friday, March 6th. Finally, Arete Research set a $37.00 price objective on JD.com in a research report on Friday, April 17th. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and a consensus price target of $37.62.

JD.com Stock Down 2.8%

JD.com stock traded down $0.76 during midday 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. JD.com has a 1-year low of $24.51 and a 1-year high of $36.86. The stock has a market capitalization of $32.79 billion, a P/E ratio of 20.53 and a beta of 0.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 1.18. The firm’s fifty day simple moving average is $30.00 and its 200-day simple moving average is $29.04.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 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 for the quarter. As a group, analysts expect that JD.com will post 2.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Binnacle Investments Inc raised its stake in shares of JD.com by 365.8% during the third quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 589 shares during the last quarter. Root Financial Partners LLC grew its stake in shares of JD.com by 1,020.0% in the 4th quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock worth $32,000 after buying an additional 1,020 shares during the last quarter. Assetmark Inc. grew its stake in shares of JD.com by 62.0% in the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after acquiring an additional 399 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of JD.com by 191.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock valued at $36,000 after buying an additional 815 shares during the last quarter. Finally, EFG International AG bought a new stake in shares of JD.com in the 4th quarter worth $36,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

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.