JD.com (NASDAQ:JD) Hits New 52-Week High at $36.83

Shares of JD.com, Inc. (NASDAQ:JD) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $36.83 and last traded at $36.83, with a volume of 3261698 shares. The stock had previously closed at $33.21.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on JD shares. Barclays cut their price objective on JD.com from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. Susquehanna reaffirmed a “neutral” rating and set a $28.00 price objective on shares of JD.com in a research report on Monday, August 19th. Benchmark decreased 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 report on Friday, August 16th. Sanford C. Bernstein cut their price target on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a report on Friday, August 16th. Finally, Loop Capital decreased their price objective on shares of JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a report on Friday, June 21st. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, JD.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.93.

JD.com Stock Up 12.7 %

The firm has a market cap of $59.05 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 0.45 and a beta of 0.39. The business’s 50-day moving average is $26.76 and its 200-day moving average is $28.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping the consensus estimate of $0.79 by $8.57. The company 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%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.68 earnings per share. On average, equities analysts predict that JD.com, Inc. will post 3.74 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Atlas Capital Advisors LLC bought a new position in shares of JD.com in the 2nd quarter valued at about $28,000. Allspring Global Investments Holdings LLC grew its holdings in 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 purchasing an additional 1,681 shares during the period. Hexagon Capital Partners LLC bought a new stake in JD.com in the first quarter valued at approximately $58,000. Parallel Advisors LLC grew its stake in JD.com by 20.1% in the fourth quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock valued at $119,000 after acquiring an additional 686 shares during the period. Finally, Advisors Preferred LLC bought a new stake in JD.com during the 1st quarter worth approximately $126,000. 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.