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

JD.com, Inc. (NASDAQ:JD)’s share price 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.

Analyst Ratings Changes

JD has been the topic of a number of recent analyst reports. Loop Capital dropped their price objective on JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Friday, June 21st. Benchmark restated a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 8th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $28.00 target price on shares of JD.com in a research report on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $38.53.

JD.com Price Performance

The business’s 50-day simple moving average is $32.20 and its two-hundred day simple moving average is $29.75. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. The stock has a market cap of $62.60 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 0.65 and a beta of 0.42.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. The business had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. JD.com’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 EPS. Sell-side analysts expect that JD.com, Inc. will post 3.75 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of JD. Atlas Capital Advisors LLC purchased a new position in JD.com in the second quarter worth $28,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of JD.com by 812.1% in the 1st 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 in the last quarter. Hexagon Capital Partners LLC bought a new position in shares of JD.com during the 1st quarter valued at about $58,000. Blue Trust Inc. raised its holdings in shares of JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after buying an additional 2,360 shares in the last quarter. Finally, Advisors Preferred LLC bought a new stake in JD.com in the 1st quarter worth approximately $126,000. Hedge funds and other 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.