JD.com (NASDAQ:JD) Shares Gap Up – Here’s What Happened

JD.com, Inc. (NASDAQ:JD) gapped up prior to trading on Wednesday . The stock had previously closed at $26.49, but opened at $27.47. JD.com shares last traded at $27.4490, with a volume of 2,071,672 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays increased their target price on shares of JD.com from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Benchmark boosted their price target on shares of JD.com from $38.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Susquehanna boosted their target price on shares of JD.com from $30.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Sanford C. Bernstein upped their target price on shares of JD.com from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Citigroup lifted their target price on JD.com from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Nine equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.62.

JD.com Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 0.87. The company’s 50-day simple moving average is $28.99 and its 200-day simple moving average is $28.77. The stock has a market capitalization of $34.47 billion, a price-to-earnings ratio of 21.55 and a beta of 0.40.

JD.com (NASDAQ:JD) last released its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. The firm had revenue of $45.79 billion during the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%. Research analysts forecast that JD.com, Inc. will post 2.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JD.com

Hedge funds have recently made changes to their positions in the stock. Dodge & Cox increased its position in JD.com by 0.5% in the 3rd quarter. Dodge & Cox now owns 18,792,249 shares of the information services provider’s stock valued at $657,353,000 after buying an additional 86,300 shares in the last quarter. SIH Partners LLLP grew its position in JD.com by 74.1% in the 4th quarter. SIH Partners LLLP now owns 4,991,448 shares of the information services provider’s stock worth $143,255,000 after purchasing an additional 2,125,212 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of JD.com by 11.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,441,095 shares of the information services provider’s stock valued at $127,459,000 after acquiring an additional 463,033 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of JD.com by 139.0% during the 1st quarter. SG Americas Securities LLC now owns 4,334,816 shares of the information services provider’s stock worth $128,181,000 after purchasing an additional 2,521,045 shares during the period. Finally, North of South Capital LLP boosted its stake in JD.com by 4.4% in the fourth quarter. North of South Capital LLP now owns 4,253,012 shares of the information services provider’s stock valued at $122,061,000 after acquiring an additional 180,081 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

About JD.com

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.