JD.com (NASDAQ:JD) Stock Price Up 5.4%

JD.com, Inc. (NASDAQ:JD) rose 5.4% on Monday . The stock traded as high as $42.51 and last traded at $42.04. Approximately 10,277,051 shares changed hands during trading, a decline of 27% from the average daily volume of 14,119,864 shares. The stock had previously closed at $39.90.

Wall Street Analyst Weigh In

JD has been the subject of a number of recent research reports. Barclays dropped their target price on JD.com from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. JPMorgan Chase & Co. raised shares of JD.com from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $33.00 to $36.00 in a research note on Friday, August 16th. StockNews.com upgraded shares of JD.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 20th. Loop Capital dropped their price target on shares of JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Friday, June 21st. Finally, Susquehanna reaffirmed a “neutral” rating and set a $28.00 target price on shares of JD.com in a research note on Monday, August 19th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.93.

JD.com Price Performance

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 firm has a fifty day simple moving average of $27.39 and a 200 day simple moving average of $28.22. The company has a market capitalization of $63.90 billion, a PE ratio of 19.21, a P/E/G ratio of 0.45 and a beta of 0.39.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, beating the consensus estimate of $0.79 by $8.57. The firm had revenue of $291.40 billion for the quarter, compared to analyst estimates of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. Equities analysts anticipate 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 modified their holdings of the business. Atlas Capital Advisors LLC purchased a new position in shares of JD.com in the 2nd quarter worth approximately $28,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of JD.com by 812.1% during the 1st 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 last quarter. Hexagon Capital Partners LLC acquired a new stake in shares of JD.com in the 1st quarter worth $58,000. Parallel Advisors LLC grew its stake in JD.com by 20.1% during the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after buying an additional 686 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new position in JD.com during the 1st quarter valued at about $126,000. 15.98% of the stock is currently owned by institutional investors.

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.