JD.com (NASDAQ:JD) Shares Gap Up – What’s Next?

JD.com, Inc. (NASDAQ:JD) shares gapped up before the market opened on Friday . The stock had previously closed at $38.85, but opened at $40.83. JD.com shares last traded at $40.08, with a volume of 4,405,289 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JD. JPMorgan Chase & Co. lifted their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday. Susquehanna reissued a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research note on Monday, August 19th. Sanford C. Bernstein reduced their price objective on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Barclays lifted their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Benchmark restated a “buy” rating and set a $47.00 price target on shares of JD.com in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $38.53.

JD.com Trading Up 2.9 %

The firm has a market capitalization of $63.05 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 0.65 and a beta of 0.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. The company has a fifty day moving average of $32.48 and a 200-day moving average of $29.85.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. The company had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $0.68 EPS. On average, sell-side analysts anticipate that JD.com, Inc. will post 3.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JD.com

Institutional investors and hedge funds have recently modified their holdings of the business. Panagora Asset Management Inc. boosted its position in JD.com by 2.8% during the second quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock worth $676,000 after purchasing an additional 719 shares during the period. Texas Yale Capital Corp. boosted its holdings in shares of JD.com by 5.8% during the 1st quarter. Texas Yale Capital Corp. now owns 13,968 shares of the information services provider’s stock worth $383,000 after buying an additional 760 shares during the period. Henry James International Management Inc. grew its stake in JD.com by 3.6% in the 1st quarter. Henry James International Management Inc. now owns 22,866 shares of the information services provider’s stock valued at $626,000 after buying an additional 786 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in JD.com by 4.8% in the 2nd quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider’s stock worth $447,000 after acquiring an additional 797 shares during the period. Finally, Wallace Advisory Group LLC lifted its position in JD.com by 3.2% during the 1st quarter. Wallace Advisory Group LLC now owns 26,717 shares of the information services provider’s stock worth $772,000 after acquiring an additional 840 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Company Profile

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.