JD.com (NASDAQ:JD) Shares Gap Up to $37.99

JD.com, Inc. (NASDAQ:JD) shares gapped up before the market opened on Friday . The stock had previously closed at $37.99, but opened at $39.51. JD.com shares last traded at $39.35, with a volume of 8,915,859 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently commented on JD shares. JPMorgan Chase & Co. raised shares of JD.com from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $33.00 to $36.00 in a report on Friday, August 16th. Barclays lowered their price target on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. StockNews.com upgraded JD.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 20th. Benchmark decreased their price objective on JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a report on Friday, August 16th. Finally, Loop Capital dropped their target price on JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Friday, June 21st. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $36.93.

JD.com Trading Up 3.9 %

The firm has a market capitalization of $62.28 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 0.45 and a beta of 0.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. The company has a 50 day moving average price of $27.12 and a two-hundred day moving average price of $28.11.

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 analysts’ consensus estimates of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The company had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, research analysts forecast that JD.com, Inc. will post 3.74 EPS for the current year.

Hedge Funds Weigh In On JD.com

Hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC lifted its position in shares of 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 purchasing an additional 686 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of JD.com by 2.8% in the second quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock worth $676,000 after acquiring an additional 719 shares in the last quarter. Texas Yale Capital Corp. boosted its holdings in 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 purchasing an additional 760 shares during the period. Henry James International Management Inc. increased its holdings in JD.com by 3.6% during the 1st quarter. Henry James International Management Inc. now owns 22,866 shares of the information services provider’s stock worth $626,000 after purchasing an additional 786 shares during the period. Finally, V Square Quantitative Management LLC raised its position in JD.com by 4.8% in 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 in the last quarter. 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.