JD.com (NASDAQ:JD) Shares Gap Up – Here’s Why

JD.com, Inc. (NASDAQ:JD) 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 traded.

Analyst Upgrades and Downgrades

JD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and cut their target price for the company from $49.00 to $48.00 in a research note on Monday, October 21st. Benchmark restated a “buy” rating and issued a $47.00 price target on shares of JD.com in a research report on Friday. Susquehanna restated a “neutral” rating and set a $28.00 price objective on shares of JD.com in a report on Monday, August 19th. Finally, Barclays increased their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and an average target price of $39.71.

JD.com Stock Up 3.2 %

The stock has a market capitalization of $54.28 billion, a P/E ratio of 12.37, a P/E/G ratio of 0.40 and a beta of 0.41. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average is $37.17 and its 200-day moving average is $31.49.

JD.com (NASDAQ:JD) last posted its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. The company 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%. JD.com’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share. As a group, equities research analysts predict that JD.com, Inc. will post 3.74 earnings per share for the current year.

Institutional Trading of JD.com

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Atlas Capital Advisors LLC bought a new position in JD.com in the 2nd quarter worth approximately $28,000. Huntington National Bank increased its stake in shares of JD.com by 32.1% in the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after buying an additional 452 shares during the period. Allspring Global Investments Holdings LLC raised its position 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 worth $52,000 after acquiring an additional 1,681 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new position in shares of JD.com during the third quarter valued at $103,000. Finally, Blue Trust Inc. boosted its holdings in JD.com by 295.7% in the third quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after acquiring an additional 2,360 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.