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

JD.com, Inc. (NASDAQ:JD)’s share price gapped up before the market opened 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.

Analysts Set New Price Targets

Several brokerages have recently weighed in on JD. The Goldman Sachs Group initiated coverage on JD.com in a report on Thursday. They set a “buy” rating and a $37.00 target price on the stock. Susquehanna cut their price objective on JD.com from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, April 5th. Barclays cut their price objective on JD.com from $45.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 31st. Morgan Stanley reissued an “equal weight” rating and issued a $27.00 target price on shares of JD.com in a report on Thursday, April 18th. Finally, Loop Capital lowered their price target on JD.com from $26.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, JD.com has an average rating of “Moderate Buy” and an average price target of $35.60.

JD.com Trading Up 6.1 %

The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. The company has a market cap of $47.85 billion, a PE ratio of 13.42, a P/E/G ratio of 0.23 and a beta of 0.54. The business’s 50-day simple moving average is $25.79 and its 200-day simple moving average is $25.85.

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

JD.com Announces Dividend

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

Hedge Funds Weigh In On JD.com

Several institutional investors have recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. raised its stake in shares of 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 worth $51,000 after acquiring an additional 1,042 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of 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 worth $52,000 after acquiring an additional 1,681 shares during the last quarter. Mizuho Securities Co. Ltd. raised its stake in shares of 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 worth $53,000 after acquiring an additional 1,500 shares during the last quarter. Hexagon Capital Partners LLC bought a new position in shares of JD.com in the first quarter worth about $58,000. Finally, Spire Wealth Management raised its stake in shares of JD.com by 81.3% in the third quarter. Spire Wealth Management now owns 2,166 shares of the information services provider’s stock worth $63,000 after acquiring an additional 971 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

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.