JD.com (NASDAQ:JD) Hits New 52-Week High at $46.65

JD.com, Inc. (NASDAQ:JD)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $46.65 and last traded at $46.65, with a volume of 4069324 shares changing hands. The stock had previously closed at $42.93.

Analyst Ratings Changes

JD has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised shares of JD.com from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $33.00 to $36.00 in a report on Friday, August 16th. Susquehanna reaffirmed a “neutral” rating and issued a $28.00 target price on shares of JD.com in a report on Monday, August 19th. Benchmark cut their target price on shares of JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Loop Capital cut their target price on shares of JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Friday, June 21st. Finally, Barclays dropped their price objective on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Four equities 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.93.

JD.com Stock Up 6.4 %

The company has a market capitalization of $72.01 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 0.45 and a beta of 0.39. The firm’s 50-day simple moving average is $27.99 and its 200 day simple moving average is $28.42. 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 issued its earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping the consensus estimate of $0.79 by $8.57. The company had revenue of $291.40 billion for 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 business’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. As a group, equities research analysts forecast that JD.com, Inc. will post 3.74 earnings per share for the current year.

Institutional Investors Weigh In On JD.com

Several institutional investors have recently made changes to their positions in JD. Atlas Capital Advisors LLC purchased a new stake in shares of JD.com in the 2nd quarter worth about $28,000. Allspring Global Investments Holdings LLC raised its stake in 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 valued at $52,000 after purchasing an additional 1,681 shares during the last quarter. Hexagon Capital Partners LLC acquired a new position in JD.com in the 1st quarter valued at about $58,000. Parallel Advisors LLC raised its stake in JD.com by 20.1% in the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock valued at $119,000 after purchasing an additional 686 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new position in JD.com in the 1st quarter valued at about $126,000. 15.98% of the stock is currently owned by hedge funds and other 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.