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

JD.com, Inc. (NASDAQ:JD) shares 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 trading hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on JD. Nomura raised their target price on shares of JD.com from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Wall Street Zen upgraded shares of JD.com from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Daiwa Securities Group reiterated a “hold” rating and issued a $27.00 price target on shares of JD.com in a report on Tuesday, June 23rd. Weiss Ratings downgraded shares of JD.com from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Finally, Sanford C. Bernstein raised their price objective on shares of JD.com from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.58.

JD.com Stock Up 0.4%

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 has a market capitalization of $34.63 billion, a price-to-earnings ratio of 21.67 and a beta of 0.40. The firm has a 50-day moving average price of $28.91 and a two-hundred day moving average price of $28.75.

JD.com (NASDAQ:JD) last announced its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $45.79 billion for the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%. As a group, sell-side analysts anticipate that JD.com, Inc. will post 2.77 earnings per share for the current fiscal year.

Institutional Trading of JD.com

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dodge & Cox boosted its holdings in JD.com by 0.5% during the third quarter. Dodge & Cox now owns 18,792,249 shares of the information services provider’s stock worth $657,353,000 after purchasing an additional 86,300 shares during the last quarter. SIH Partners LLLP increased its stake 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 valued at $143,255,000 after buying an additional 2,125,212 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in JD.com by 11.6% in the 4th 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 buying an additional 463,033 shares during the last quarter. SG Americas Securities LLC lifted its position in 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 buying an additional 2,521,045 shares in the last quarter. Finally, North of South Capital LLP lifted its position in JD.com by 4.4% during the 4th quarter. North of South Capital LLP now owns 4,253,012 shares of the information services provider’s stock worth $122,061,000 after buying an additional 180,081 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.