JD.com (NASDAQ:JD) Shares Gap Up – Should You Buy?

JD.com, Inc. (NASDAQ:JD) gapped up prior to trading on Thursday . The stock had previously closed at $35.08, but opened at $36.03. JD.com shares last traded at $36.42, with a volume of 6,100,031 shares traded.

Analysts Set New Price Targets

Several research firms have issued reports on JD. Mizuho upped their target price on shares of JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Barclays increased their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. UBS Group set a $51.00 target price on shares of JD.com in a research note on Friday, March 7th. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Dbs Bank raised JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.62.

JD.com Stock Up 2.4 %

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The company’s 50-day moving average price is $40.48 and its 200 day moving average price is $39.09. The stock has a market capitalization of $57.44 billion, a P/E ratio of 11.53, a P/E/G ratio of 0.31 and a beta of 0.53.

JD.com Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be given a $0.76 dividend. This represents a dividend yield of 1.7%. This is an increase from JD.com’s previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. JD.com’s payout ratio is presently 26.13%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Richardson Financial Services Inc. bought a new position in shares of JD.com during the 4th quarter valued at about $27,000. Brooklyn Investment Group purchased a new position in JD.com during the 4th quarter valued at approximately $34,000. Nisa Investment Advisors LLC increased its stake in JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after acquiring an additional 417 shares during the last quarter. Modus Advisors LLC purchased a new stake in shares of JD.com during the 4th quarter worth approximately $41,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of JD.com during the 3rd quarter valued at approximately $49,000. 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.