JD.com (NASDAQ:JD) Shares Gap Up to $37.99

JD.com, Inc. (NASDAQ:JD)’s share price gapped up prior to trading on Friday . The stock had previously closed at $37.99, but opened at $39.51. JD.com shares last traded at $39.35, with a volume of 8,915,859 shares traded.

Analyst Upgrades and Downgrades

JD has been the subject of several recent research reports. StockNews.com upgraded shares of JD.com from a “buy” rating to a “strong-buy” rating in a report on Friday, September 20th. Sanford C. Bernstein dropped their price objective on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, August 16th. JPMorgan Chase & Co. upgraded shares of JD.com from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $33.00 to $36.00 in a report on Friday, August 16th. Barclays decreased their target price on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Finally, Susquehanna restated a “neutral” rating and set a $28.00 price objective on shares of JD.com in a report on Monday, August 19th. Four investment 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $36.93.

JD.com Price Performance

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 business’s 50-day moving average price is $27.39 and its two-hundred day moving average price is $28.21. The firm has a market cap of $62.93 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 0.45 and a beta of 0.39.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The business had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. During the same period last year, the firm earned $0.68 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, research analysts forecast that JD.com, Inc. will post 3.74 EPS for the current fiscal year.

Institutional Trading of JD.com

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

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.