JD.com (NASDAQ:JD) Shares Up 5.4%

JD.com, Inc. (NASDAQ:JD)’s share price was up 5.4% on Monday . The company traded as high as $42.51 and last traded at $42.04. Approximately 10,277,051 shares traded hands during trading, a decline of 27% from the average daily volume of 14,119,864 shares. The stock had previously closed at $39.90.

Analysts Set New Price Targets

JD has been the topic of a number of research reports. Loop Capital lowered their price target on shares of JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Friday, June 21st. JPMorgan Chase & Co. upgraded shares of JD.com from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $33.00 to $36.00 in a research report on Friday, August 16th. Susquehanna reaffirmed a “neutral” rating and set a $28.00 target price on shares of JD.com in a report on Monday, August 19th. Benchmark cut their price target on shares of JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a report on Friday, August 16th. Finally, Barclays decreased their price target on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.93.

JD.com Trading Up 1.6 %

The firm’s 50-day simple moving average is $27.39 and its 200-day simple moving average is $28.22. The firm has a market capitalization of $63.90 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 0.45 and a beta of 0.39. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. The business had revenue of $291.40 billion for the quarter, compared to analysts’ expectations of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. Equities analysts expect that JD.com, Inc. will post 3.74 earnings per share for the current year.

Institutional Investors Weigh In On JD.com

A number of large investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of JD.com in the 2nd quarter worth approximately $872,000. Wallace Advisory Group LLC grew its position in JD.com by 9.9% during the 2nd quarter. Wallace Advisory Group LLC now owns 29,369 shares of the information services provider’s stock valued at $759,000 after purchasing an additional 2,652 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of JD.com by 1.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 67,130 shares of the information services provider’s stock worth $1,735,000 after purchasing an additional 1,161 shares in the last quarter. Creative Planning grew its stake in shares of JD.com by 5.1% in the second quarter. Creative Planning now owns 180,458 shares of the information services provider’s stock worth $4,663,000 after acquiring an additional 8,782 shares during the period. Finally, SIH Partners LLLP purchased a new stake in JD.com during the 2nd quarter valued at $876,000. Institutional investors 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.