JD.com (NASDAQ:JD) Shares Gap Up – Time to Buy?

JD.com, Inc. (NASDAQ:JD) shares gapped up prior to trading on Friday . The stock had previously closed at $33.35, but opened at $34.25. JD.com shares last traded at $34.08, with a volume of 2,716,743 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Susquehanna reiterated a “neutral” rating and issued a $28.00 price target on shares of JD.com in a report on Monday, August 19th. JPMorgan Chase & Co. boosted their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Citigroup dropped their price target on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Sanford C. Bernstein reduced 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. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $40.36.

JD.com Stock Performance

The stock has a market capitalization of $55.20 billion, a P/E ratio of 12.73, a P/E/G ratio of 0.40 and a beta of 0.41. The stock has a 50 day simple moving average of $37.35 and a two-hundred day simple moving average of $31.52. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20.

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

Hedge Funds Weigh In On JD.com

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC lifted its holdings in JD.com by 41.0% during the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after purchasing an additional 4,445,277 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of JD.com by 329.9% during the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after buying an additional 4,839,700 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of JD.com by 30.7% during the 1st quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock worth $159,461,000 after buying an additional 1,368,356 shares during the period. Discerene Group LP grew its stake in JD.com by 66.0% in the 1st quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock valued at $152,147,000 after buying an additional 2,207,619 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in JD.com by 16.4% in the 2nd quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock valued at $110,601,000 after acquiring an additional 603,211 shares during the period. Institutional investors 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.