JD.com (NASDAQ:JD) Shares Gap Up to $26.92

JD.com, Inc. (NASDAQ:JD)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $26.92, but opened at $28.43. JD.com shares last traded at $28.57, with a volume of 3,759,226 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Susquehanna reissued a “neutral” rating and set a $28.00 price target on shares of JD.com in a report on Monday, August 19th. JPMorgan Chase & Co. raised shares of JD.com from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $33.00 to $36.00 in a report on Friday, August 16th. Loop Capital decreased their price objective on shares of JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a report on Friday, June 21st. Barclays decreased their price objective on JD.com from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Finally, StockNews.com raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $36.93.

JD.com Stock Down 0.7 %

The company has a market cap of $45.03 billion, a price-to-earnings ratio of 13.04 and a beta of 0.39. The stock’s 50-day moving average is $26.56 and its 200-day moving average is $27.84. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, beating the consensus estimate of $0.79 by $8.57. The firm 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 company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 earnings per share. On average, analysts anticipate that JD.com, Inc. will post 3.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Atlas Capital Advisors LLC bought a new position in shares of JD.com in the second quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC increased its holdings in shares of JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after purchasing an additional 1,681 shares during the period. Hexagon Capital Partners LLC purchased a new stake in shares of JD.com in the first quarter worth $58,000. Parallel Advisors LLC boosted its stake in JD.com by 20.1% during the fourth quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock valued at $119,000 after buying an additional 686 shares during the period. Finally, Advisors Preferred LLC purchased a new position in JD.com during the first quarter worth about $126,000. Institutional investors own 15.98% of the company’s stock.

About JD.com

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.