JD.com (NASDAQ:JD) Shares Gap Up - Here's What Happened

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 $38.85, but opened at $40.83. JD.com shares last traded at $40.08, with a volume of 4,405,289 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Susquehanna reissued a "neutral" rating and issued a $28.00 price target on shares of JD.com in a research note on Monday, August 19th. 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 report on Friday, June 21st. StockNews.com cut shares of JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 8th. Sanford C. Bernstein decreased their price objective on shares of JD.com from $35.00 to $32.00 and set a "market perform" rating for the company in a report on Friday, August 16th. Finally, Barclays increased their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $38.53.

JD.com Price Performance

The stock has a fifty day moving average of $32.48 and a 200-day moving average of $29.83. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $63.05 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 0.65 and a beta of 0.42.

JD.com (NASDAQ:JD - Get Free Report) last announced 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. 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%. JD.com's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 earnings per share. On average, equities research analysts predict that JD.com, Inc. will post 3.75 EPS for the current fiscal year.

Institutional Investors Weigh In On JD.com

A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in shares of JD.com by 21.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 58,197 shares of the information services provider's stock worth $1,681,000 after purchasing an additional 10,306 shares during the last quarter. Aurora Investment Managers LLC. grew its holdings in shares of JD.com by 3.0% during the first quarter. Aurora Investment Managers LLC. now owns 201,128 shares of the information services provider's stock valued at $5,509,000 after buying an additional 5,766 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of JD.com by 20.0% during the first quarter. Ballentine Partners LLC now owns 11,471 shares of the information services provider's stock valued at $314,000 after buying an additional 1,912 shares in the last quarter. Wallace Advisory Group LLC grew its holdings in shares of JD.com by 3.2% during the first quarter. Wallace Advisory Group LLC now owns 26,717 shares of the information services provider's stock valued at $772,000 after buying an additional 840 shares in the last quarter. Finally, Matthews International Capital Management LLC purchased a new position in JD.com in the first quarter valued at about $12,247,000. Institutional investors and hedge funds 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.