JD.com (NASDAQ:JD) Shares Gap Up to $28.59

JD.com, Inc. (NASDAQ:JD) gapped up prior to trading on Friday . The stock had previously closed at $28.59, but opened at $29.89. JD.com shares last traded at $29.95, with a volume of 4,314,552 shares trading hands.

Analyst Ratings Changes

A number of research firms have issued reports on JD. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of JD.com in a research note on Tuesday, April 16th. Nomura reduced their price objective on shares of JD.com from $36.00 to $33.00 in a research note on Friday, April 5th. Loop Capital reduced their price objective on shares of JD.com from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, April 5th. Citigroup reduced their price objective on shares of JD.com from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Finally, HSBC boosted their price objective on shares of JD.com from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.60.

JD.com Stock Up 6.1 %

The firm has a fifty day simple moving average of $25.79 and a 200-day simple moving average of $25.85. The firm has a market cap of $47.85 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 0.23 and a beta of 0.54. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.16.

JD.com (NASDAQ:JD) last posted its earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $4.74. The company had revenue of $306.08 billion during the quarter, compared to the consensus estimate of $300.21 billion. JD.com had a return on equity of 10.87% and a net margin of 2.22%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. As a group, sell-side analysts expect that JD.com, Inc. will post 2.85 EPS for the current year.

JD.com Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, April 5th will be given a $0.74 dividend. This represents a yield of 2.99%. The ex-dividend date is Thursday, April 4th. JD.com’s dividend payout ratio is presently 34.74%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. China Universal Asset Management Co. Ltd. boosted its holdings in JD.com by 146.3% in the third quarter. China Universal Asset Management Co. Ltd. now owns 1,754 shares of the information services provider’s stock valued at $51,000 after acquiring an additional 1,042 shares during the last quarter. Mizuho Securities Co. Ltd. boosted its holdings in JD.com by 468.8% in the third quarter. Mizuho Securities Co. Ltd. now owns 1,820 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 1,500 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 1,681 shares during the last quarter. Hexagon Capital Partners LLC bought a new stake in JD.com in the first quarter valued at approximately $58,000. Finally, Spire Wealth Management boosted its holdings in JD.com by 81.3% in the third quarter. Spire Wealth Management now owns 2,166 shares of the information services provider’s stock valued at $63,000 after acquiring an additional 971 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

About JD.com

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.