JD.com (NASDAQ:JD) Stock Price Up 4.7%

Shares of JD.com, Inc. (NASDAQ:JD) rose 4.7% during trading on Monday . The stock traded as high as $29.97 and last traded at $29.88. Approximately 7,481,265 shares were traded during trading, a decline of 44% from the average daily volume of 13,471,064 shares. The stock had previously closed at $28.55.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JD. Susquehanna reaffirmed a “neutral” rating and issued a $28.00 price target on shares of JD.com in a report on Monday, August 19th. Benchmark dropped their target price on shares of JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, August 16th. StockNews.com raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a report on Friday. Barclays reduced their price objective on JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Finally, Sanford C. Bernstein lowered their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, JD.com currently has an average rating of “Moderate Buy” and an average price target of $36.93.

JD.com Trading Up 4.2 %

The company has a market capitalization of $46.92 billion, a P/E ratio of 13.04 and a beta of 0.39. 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 $26.56 and its two-hundred day moving average price is $27.90.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (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 firm had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. During the same quarter in the prior year, the company earned $0.68 EPS. The company’s revenue was up 1.2% on a year-over-year basis. As a group, analysts forecast that JD.com, Inc. will post 3.74 EPS for the current fiscal year.

Hedge Funds Weigh In On JD.com

Several hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC raised its holdings 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 worth $119,000 after acquiring an additional 686 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of JD.com by 2.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock worth $676,000 after purchasing an additional 719 shares during the last quarter. Texas Yale Capital Corp. lifted its position in shares of JD.com by 5.8% in the first quarter. Texas Yale Capital Corp. now owns 13,968 shares of the information services provider’s stock valued at $383,000 after buying an additional 760 shares during the last quarter. Henry James International Management Inc. raised its stake in JD.com by 3.6% in the 1st quarter. Henry James International Management Inc. now owns 22,866 shares of the information services provider’s stock valued at $626,000 after acquiring an additional 786 shares during the period. Finally, V Square Quantitative Management LLC lifted its holdings in JD.com by 4.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider’s stock valued at $447,000 after purchasing an additional 797 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

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.