JD.com (NASDAQ:JD) Shares Gap Up - What's Next?

JD.com, Inc. (NASDAQ:JD - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $33.35, but opened at $34.25. JD.com shares last traded at $34.08, with a volume of 2,716,743 shares.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on JD. Susquehanna reissued a "neutral" rating and set a $28.00 price objective on shares of JD.com in a research note on Monday, August 19th. Citigroup dropped their price target on JD.com from $52.00 to $51.00 and set a "buy" rating for the company in a research report on Friday. Benchmark restated a "buy" rating and issued a $47.00 price objective on shares of JD.com in a research report on Friday. StockNews.com lowered shares of JD.com from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. Finally, Loop Capital raised shares of JD.com from a "hold" rating to a "buy" rating and decreased their price target for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $40.36.

JD.com Stock Performance

The business has a 50 day moving average price of $37.17 and a two-hundred day moving average price of $31.49. 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 market cap of $55.20 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 0.40 and a beta of 0.41.

JD.com (NASDAQ:JD - Get Free Report) last announced its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, beating the consensus estimate of $0.79 by $8.57. The business had revenue of $291.40 billion during the quarter, compared to analysts' expectations of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 EPS. On average, sell-side analysts anticipate that JD.com, Inc. will post 3.74 earnings per share for the current year.

Institutional Trading of JD.com

A number of hedge funds have recently modified their holdings of JD. FMR LLC grew its position in JD.com by 41.0% during the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider's stock valued at $611,080,000 after purchasing an additional 4,445,277 shares during the last quarter. Two Sigma Advisers LP raised its holdings in JD.com by 329.9% in the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider's stock worth $252,268,000 after acquiring an additional 4,839,700 shares during the last quarter. Lazard Asset Management LLC lifted its position in JD.com by 30.7% in the 1st quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider's stock valued at $159,461,000 after acquiring an additional 1,368,356 shares in the last quarter. Discerene Group LP boosted its stake in JD.com by 66.0% during the 1st quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider's stock valued at $152,147,000 after purchasing an additional 2,207,619 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of JD.com by 16.4% in the 2nd quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider's stock worth $110,601,000 after purchasing an additional 603,211 shares in the last quarter. Institutional investors own 15.98% of the company's stock.

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.