Latest news for JD Logistics (OTC:JDLGF) Stock

JD Logistics Inc, owned by leading China e-commerce company JD.com, is a technology-driven supply chain solutions and logistics services provider in China. It offers a full spectrum of supply chain solutions and logistics services, ranging from warehousing to distribution, spanning across manufacturing to end-customers, covering regular and specialized items. JDL services include formulating and executing supply chain strategies. Customers come from a wide array of industries, such as fast-moving consumer goods; or FMCG, apparel; home appliances; home furniture; computers, consumer electronics, and communications, or 3C; automotive; and fresh produce, among others.

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How JD.com Scores Against Alibaba In Terms Of Logistics?

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Cathie Wood-led Ark Investment Management on Wednesday snapped up 76,562 shares, estimated to be worth about $17.67 million, in Coinbase Global Inc (NASDAQ: COIN) as the popular investor spoke at the highly anticipated &#34;The B Word&#34; conference.

Ark Buys More Coinbase As Cathie Wood Speaks At Bitcoin Conference; Also Loads Up On DraftKings, Zoom

JD Logistics Inc

Piper Sandler analyst Mark Fitzgibbon maintains NB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBBK#NASDAQ">NBBK</a>) with a Overweight and raises the price target from $17 to $20.

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NBBK

Piper Sandler Maintains Overweight on NB Bancorp, Raises Price Target to $20

JP Morgan analyst Michael Cho maintains Raymond James Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>) with a Overweight and lowers the price target from $137 to $135.

JP Morgan Maintains Overweight on Raymond James Finl, Lowers Price Target to $135

WIIM

AstraZeneca shares are trading lower after the company reported Q2 earnings.

RPM International shares are trading higher after the company reported better-than-expected Q4 earnings.

JP Morgan analyst Thomas Palmer maintains Lamb Weston Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) with a Overweight and lowers the price target from $108 to $63.

JP Morgan Maintains Overweight on Lamb Weston Hldgs, Lowers Price Target to $63

FCNCA

First Citizens shares are trading higher after the company reported better-than-expected earnings.

ICLR

ICON Plc shares are trading lower after the company reported worse-than-expected Q2 revenue.

<ul>
<li>A one-time dose of DURVEQTIX has reduced bleeds post-treatment compared to standard of care with a median annualized bleed rate (ABR) of zero bleeds (range 0 to 9.9) after up to four years of follow-up, providing sustained bleed protection and potentially avoiding years of treatment burden with prophylaxis for many patients.</li>
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<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.pfizer.com%2F&amp;esheet=54099588&amp;newsitemid=20240725789026&amp;lan=en-US&amp;anchor=Pfizer+Inc.&amp;index=1&amp;md5=acf2f3bb0942d5a84c03e4474efe98a4">Pfizer Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) today announced that the European Commission (EC) has granted conditional marketing authorization for DURVEQTIX&#xAE; (fidanacogene elaparvovec), a gene therapy for the treatment of severe and moderately severe hemophilia B (congenital factor IX deficiency) in adult patients without a history of factor IX inhibitors and without detectable antibodies to variant AAV serotype Rh74. DURVEQTIX is designed to enable people living with hemophilia B to produce factor IX (FIX) themselves via a one-time dose, rather than multiple intravenous FIX infusions weekly or biweekly with the current standard of care.1,2,3

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European Commission Approves Pfizer's DURVEQTIX, A One-Time Gene Therapy For Adults With Hemophilia B

MORN

Morningstar shares are trading higher. The company reported Q2 financial results yesterday.

Carrier Global Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) shares are trading lower after it reported <a href="https://www.benzinga.com/pressreleases/24/07/n39952796/carrier-reports-strong-second-quarter-2024-results" target="_blank" rel="noreferrer noopener">second-quarter FY24 results</a>.
Net sales rose&nbsp;12%&nbsp;Y/Y to&nbsp;$6.70 billion, missing the consensus of&nbsp;$7.00 billion.
Revenue included 2% organic growth and a 12% boost from the Viessmann Climate Solutions acquisition, partially offset by a 2% decline from divestitures.
GAAP operating profit of&nbsp;$3.7 billion&nbsp;was up over&nbsp;650%&nbsp;from last year, primarily due to the gain on the sale of Access Solutions and the addition of Viessmann Climate Solutions.&nbsp;Adjusted operating profit of&nbsp;$1.2 billion&nbsp;was up&nbsp;26%&nbsp;Y/Y,&nbsp;driven by contribution from Viessmann Climate Solutions.
Carrier Chairman &amp; CEO&nbsp;David Gitlin said, &#8220;We delivered solid sales and roughly&nbsp;30%&nbsp;orders growth as we continue to outperform in our markets. Our strong operational execution drove 200 basis points of adjusted operating margin expansion and double-digit adjusted earnings growth.&#8221;
The company reported adjusted EPS of&nbsp;$0.87, beating<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener"> the consensus of&nbsp;$0.84</a>.
Operating cash flow totaled&nbsp;$660 million, and capital expenditures were&nbsp;$111 million, resulting in a free cash flow&nbsp;of&nbsp;$549&nbsp;million.
The company exited the quarter with cash and cash equivalents worth&nbsp;$2.92 billion.
Gitlin added that, &#8220;Year-to-date, we also closed on <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39135922/honeywell-takes-flight-boosts-guidance-closes-carrier-global-transaction" rel="noreferrer noopener">two of our four business exits</a>, and the remaining two continue to track well. The proceeds from the exits, combined with our strong free cash flow performance, have enabled us to reduce net debt by about&nbsp;$5 billion&nbsp;in the quarter and we now plan to repurchase about&nbsp;$1 billion&nbsp;of shares in the second half of 2024.&#8221;
FY24&nbsp;Outlook: Carrier reiterated adjusted EPS outlook of&nbsp;$2.80-$2.90&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">versus the&nbsp;$2.86&nbsp;estimate</a>.&nbsp;
The company reduced its sales&nbsp;outlook&nbsp;to ~$25.5 billion&nbsp;from previously expected ~$26 billion&nbsp;(vs.&nbsp;$25.555 billion estimate), with&nbsp;mid-single-digit organic growth.
Carrier reiterated outlook for an adjusted operating margin of&nbsp;15.5%&nbsp;and a free cash flow of ~$0.4 billion.
Investors can gain exposure to the stock via&nbsp;First Trust US Equity Opportunities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FPX#NYSE">FPX</a>) and&nbsp;Carbon Collective Climate Solutions U.S. Equity ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCSO#NASDAQ">CCSO</a>).
Price Action: CARR shares are down 2.73% at $64.19 at the last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
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<li><a href="https://www.benzinga.com//node/39958034" target="_blank" rel="noreferrer noopener">Honeywell Beats On Q2 Earnings, Thanks To Aerospace Strength; Lowers FY24 EPS Outlook</a></li>
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CARR

CCSO

Carrier Global Delivers Mixed Q2 Results, Plan To Repurchase $1B Shares In H2

ODFL

Old Dominion Freight Line shares are trading higher after multiple analysts raised their price targets on the stock.

Truist Securities analyst Bill Chappell maintains Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) with a Buy and raises the price target from $65 to $70.

Truist Securities Maintains Buy on Coca-Cola, Raises Price Target to $70

Cantor Fitzgerald analyst Sarah James reiterates Universal Health Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>) with a Underweight and maintains $162 price target.

Reiteration

Cantor Fitzgerald Reiterates Underweight on Universal Health Servs, Maintains $162 Price Target

ABBV

AbbVie shares are trading higher after the company reported better-than-expected Q2 financial results and raised its 2024 guidance.

Thermo Fisher shares are trading higher after multiple analysts raised their price targets on the stock following Wednesday's earnings report.

Truist Securities analyst David Macdonald reiterates Tenet Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>) with a Buy and raises the price target from $155 to $170.

Truist Securities Reiterates Buy on Tenet Healthcare, Raises Price Target to $170

GILD

Gilead Sciences shares are trading higher after the company announced new 5-year data reinforcing Biktarvy as a long term HIV treatment.

Macro Economic Events

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U.S. Treasury's Yellen Says BidenAdministration To Continue Commitment To Multilateralism, Building Ties With Allies; Urges Faster Progress On Debt Restructuring For Poor Countries, More Support To Countries Struggling With High Debt Service Costs; Will Keep Pressing China To Change Economic Model That Channels Too Much Savings, Too Many Subsidies Into Manufacturing, Creating Excess Capacity; U.S. Concerns Over China's Excess Capacity And Its Threats To Workers And Firms Are 'Shared By Many' At G20 Meetings

Truist Securities analyst William Stein maintains TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) with a Hold and raises the price target from $151 to $156.

Truist Securities Maintains Hold on TE Connectivity, Raises Price Target to $156

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Citigroup analyst Paul Lejuez downgraded the rating for Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) from Buy to Neutral, while cutting the price target from $415 to $300. Lululemon shares settled at $272.06 on Wednesday. <a href="https://www.benzinga.com/quote/LULU/analyst-ratings">See how other analysts view this stock. See how other analysts view this stock.</a></li>
<li>Argus Research analyst Kevin Heal downgraded Zions Bancorporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) from Buy to Hold. Zions Bancorp shares closed at $50.98 on Wednesday. <a href="https://www.benzinga.com/quote/ZION/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst Travis Steed downgraded the rating for Edwards Lifesciences Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>) from Buy to Neutral, while lowering the price target from $105 to $75. Edwards Lifesciences shares closed at $86.95 on Wednesday. <a href="https://www.benzinga.com/quote/EW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel analyst Matthew Smith downgraded Lamb Weston Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) from Buy to Hold and slashed the price target from $115 to $60. Lamb Weston shares closed at $56.42 on Wednesday. <a href="https://www.benzinga.com/quote/LW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham analyst Quinn Bolton downgraded the rating for MaxLinear, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MXL#NASDAQ">MXL</a>) from Buy to Hold. MaxLinear shares closed at $22.29 on Wednesday. <a href="https://www.benzinga.com/quote/MXL/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/news/24/07/39958828/wall-streets-most-accurate-analysts-weigh-in-on-3-energy-stocks-with-over-6-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 6% Dividend Yields</a></li>
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Downgrades

LULU

ZION

This Lululemon Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday

Strong Quarterly Results Belie Pressure On JD.Com's Big-Ticket Sales

Dada Nexus Rides Closer To JD.com's Orbit With Management Shakeup

Chinese stocks with improving earnings momentum and expectations of margin expansion - SG

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JD Logistics

<ul>
	<li>JD.com Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) is in advanced discussions to acquire a controlling stake in China Logistics Property Holdings Co,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2021-08-26/jd-com-said-to-near-deal-for-china-logistics-controlling-stake?srnd=technology-vp&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.</li>
	<li>The Chinese e-commerce firm is negotiating with significant shareholders, China Logistics Chair Li Shifa and RRJ Capital. RRJ Capital and China Logistics have put over 50% of the company up for sale, seeking a valuation of about $2 billion.</li>
	<li>Chinese companies have been investing heavily in warehouses and logistics infrastructure following the pandemic-driven shift to e-commerce.&nbsp;</li>
	<li><a class="editor-rtfLink" href="https://www.reuters.com/technology/jdcom-advanced-talks-buy-controlling-stake-china-logistics-bloomberg-news-2021-08-26/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Reuters reports that</a>&nbsp;JD.com&#39;s inventory holding strategy and in-house delivery network control offered it an edge against&nbsp;Alibaba Group Holding Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), which outsources its logistics operations.</li>
	<li>JD.com&#39;s own logistics unit increased revenues by 54% in the first half.&nbsp;JD Logistics Inc&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/JDLGF#OTC">JDLGF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/JDLGY#OTC">JDLGY</a>) currently operates over 1,200 warehouses.</li>
	<li>JD.com, which recently&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/21/08/22613024/investors-are-reacting-positively-to-jd-coms-q2-earnings-key-takeaways" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reported a Q2 beat</a>, does not expect any impact from the&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/government/21/08/22538261/why-alibaba-tencent-baidu-bilibili-shares-are-trading-lower-today" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Chinese tech crackdown</a>.</li>
	<li>Price Action:&nbsp;JD shares traded higher by 0.56% at $76.58 in the market session on the last check Thursday.</li>
</ul>

Cathie Wood-led Ark Investment Management on Wednesday snapped up 76,562 shares, estimated to be worth about $17.67 million, in Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) as the popular investor spoke at the highly anticipated &quot;The B Word&quot;&nbsp;conference.

Shares of the cryptocurrency exchange closed 2.63% higher at $230.87 on Wednesday as Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk <a href="http://www.benzinga.com/markets/cryptocurrency/21/07/22091012/elon-musk-owns-bitcoin-some-ethereum-and-some-doge-main-takeaways-from-the-b-conference">revealed at the&nbsp;conference</a> that he privately owns cryptocurrencies.

Musk said that he owns significantly more Bitcoin (CRYPTO: BTC) than Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE).

The New York-based investment firm bought the shares via the Ark Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) on Wednesday but also holds stakes in Coinbase via the Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) and the Ark Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>).

See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22075535/bitcoin-crashing-below-30k-not-enough-to-deter-cathie-wood-ark-adds-another-31m-in-coinbas" style="text-decoration:none">Bitcoin Crashing Below $30K Not Enough To Deter Cathie Wood &mdash; Ark Adds Another $31M In Coinbase, $3.4M In GBTC</a>

Together, the three ETFs held 5.85 million shares, worth around $1.31 billion, in Coinbase as of Wednesday&rsquo;s trades.

The New York-based Ark Invest also snapped up 604,038 shares, estimated to be worth about $29.52 million, in sports betting company DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>).

Shares of the Boston, Massachusetts-based company closed 6.68% higher at $48.88 on Wednesday amid the non fungible token (NFT) marketplace launch.

The popular ETF money manager deployed ARKK and ARKW to buy the shares in DraftKings on Wednesday and also holds the stock via the Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>).

On a consolidated basis, Ark held 12.48 million shares, worth $571.99 million, in DraftKings, ahead of Thursday&rsquo;s trade.&nbsp;

Ark Invest also bought 133,258 shares, estimated to be worth about $47 million, in &nbsp;Zoom Video Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) via ARKK and ARKW. No other Ark ETF holds shares in Zoom.

Zoom shares closed 0.8% lower at $352.97 on Wednesday.

Zoom is <a href="http://www.benzinga.com/m-a/21/07/22033235/zoom-aims-to-boost-phone-presence-beyond-video-as-it-strikes-14-7b-deal-to-acquire-five9">stepping up efforts</a> to boost phone presence and move beyond video-calling. It is among Wood&rsquo;s bets that have done well during the rush to work and learn from home during the pandemic last year.&nbsp;

Together the two ETFs held 3.34 million shares, worth $1.18 billion, in Zoom as of Wednesday&rsquo;s trades.

Some of the other key Ark Invest sells on Wednesday included Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) and buys included JD Logistics Inc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/JDLGF#OTC">JDLGF</a>).

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" frameborder="0" height="315" src="https://www.youtube.com/embed/NUehKZBLBCQ" width="560"></iframe>

Photo by Marco Verch on <a href="https://www.flickr.com/photos/149561324@N03/42549922930">Flickr</a>

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Latest news for JD Logistics (OTC:JDLGF) Stock

Thursday, August 26, 2021

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