JD.Com (NASDAQ:JD) Shares Gap Up to $33.28

JD.Com Inc (NASDAQ:JD) gapped up before the market opened on Friday . The stock had previously closed at $32.92, but opened at $33.28. JD.Com shares last traded at $33.40, with a volume of 300,561 shares changing hands.

A number of equities analysts recently weighed in on the company. ValuEngine cut JD.Com from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Mizuho lifted their price target on JD.Com from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. Stifel Nicolaus restated a “hold” rating and set a $35.00 price target on shares of JD.Com in a research report on Tuesday, August 13th. Jefferies Financial Group assumed coverage on JD.Com in a research report on Monday, August 5th. They set a “buy” rating and a $36.50 price target on the stock. Finally, 86 Research upgraded JD.Com from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $41.00 in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $33.70.

The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $30.23 and a 200 day simple moving average of $29.55. The firm has a market capitalization of $48.11 billion, a P/E ratio of -1,108.00 and a beta of 1.35.

JD.Com (NASDAQ:JD) last released its earnings results on Tuesday, August 13th. The information services provider reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.18. JD.Com had a return on equity of 7.72% and a net margin of 1.23%. The business had revenue of $150.28 billion for the quarter, compared to the consensus estimate of $147.44 billion. During the same period in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. As a group, equities analysts expect that JD.Com Inc will post 0.77 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Viking Global Investors LP increased its stake in shares of JD.Com by 175.5% during the second quarter. Viking Global Investors LP now owns 31,821,898 shares of the information services provider’s stock valued at $963,885,000 after buying an additional 20,269,351 shares during the period. Invesco Ltd. raised its stake in shares of JD.Com by 31.9% in the second quarter. Invesco Ltd. now owns 30,060,389 shares of the information services provider’s stock worth $910,528,000 after purchasing an additional 7,267,968 shares during the last quarter. Natixis increased its position in JD.Com by 11,953.7% during the second quarter. Natixis now owns 7,003,537 shares of the information services provider’s stock valued at $212,138,000 after acquiring an additional 6,945,434 shares during the last quarter. BlackRock Inc. increased its position in JD.Com by 7.2% during the second quarter. BlackRock Inc. now owns 42,098,667 shares of the information services provider’s stock valued at $1,275,167,000 after acquiring an additional 2,832,447 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in JD.Com during the second quarter valued at $57,200,000. Hedge funds and other institutional investors own 40.27% of the company’s stock.

About JD.Com (NASDAQ:JD)

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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