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

JD.com, Inc. (NASDAQ:JD)’s stock 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 traded.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Mizuho boosted their price objective on shares of JD.com from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Citigroup dropped their price objective on shares of JD.com from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. The Goldman Sachs Group assumed coverage on shares of JD.com in a report on Thursday. They set a “buy” rating and a $37.00 price objective on the stock. Loop Capital dropped their price objective on shares of JD.com from $26.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of JD.com from $25.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.60.

JD.com Stock Performance

The stock has a market capitalization of $47.85 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 0.23 and a beta of 0.54. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 0.14. The stock’s 50-day simple moving average is $25.91 and its 200 day simple moving average is $25.82.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Wednesday, March 6th. The information services provider reported $5.30 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $4.74. The firm 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%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. Analysts expect that JD.com, Inc. will post 2.85 earnings per share for the current fiscal year.

JD.com Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, April 4th. This represents a yield of 2.99%. JD.com’s dividend payout ratio (DPR) is presently 34.74%.

Hedge Funds Weigh In On JD.com

A number of large investors have recently modified their holdings of JD. Aspex Management HK Ltd acquired a new position in shares of JD.com during the fourth quarter worth approximately $114,009,000. FIL Ltd lifted its position in shares of JD.com by 124.3% during the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock worth $179,423,000 after purchasing an additional 3,441,605 shares in the last quarter. National Bank of Canada FI lifted its position in shares of JD.com by 292.4% during the fourth quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider’s stock worth $120,679,000 after purchasing an additional 3,305,956 shares in the last quarter. Discerene Group LP lifted its position in shares of JD.com by 107.9% during the fourth quarter. Discerene Group LP now owns 3,347,232 shares of the information services provider’s stock worth $96,702,000 after purchasing an additional 1,737,572 shares in the last quarter. Finally, Polunin Capital Partners Ltd acquired a new position in shares of JD.com during the first quarter worth approximately $41,477,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.