JD.com (NASDAQ:JD) Shares Gap Down to $26.87

JD.com, Inc. (NASDAQ:JDGet Free Report) gapped down before the market opened on Friday . The stock had previously closed at $26.87, but opened at $26.12. JD.com shares last traded at $26.34, with a volume of 763,192 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on JD. Susquehanna reduced their price objective on shares of JD.com from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, April 5th. JPMorgan Chase & Co. increased their price objective on shares of JD.com from $25.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Macquarie upgraded shares of JD.com from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $26.00 to $40.00 in a research note on Friday, May 17th. Mizuho increased their price objective on shares of JD.com from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, The Goldman Sachs Group started coverage on shares of JD.com in a research report on Thursday, April 25th. They issued a “buy” rating and a $37.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.20.

Read Our Latest Stock Analysis on JD.com

JD.com Stock Performance

The stock has a market capitalization of $42.20 billion, a P/E ratio of 12.22 and a beta of 0.39. The company’s 50-day moving average is $30.10 and its two-hundred day moving average is $27.00. The company has a current ratio of 1.15, a quick ratio of 0.88 and a debt-to-equity ratio of 0.15.

JD.com (NASDAQ:JDGet Free Report) last issued its quarterly earnings data on Thursday, May 16th. The information services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.17. The firm had revenue of $36.02 billion for the quarter, compared to the consensus estimate of $35.75 billion. JD.com had a net margin of 2.26% and a return on equity of 11.43%. As a group, sell-side analysts anticipate that JD.com, Inc. will post 3.08 EPS for the current fiscal year.

Hedge Funds Weigh In On JD.com

Large investors have recently bought and sold shares of the stock. Nordea Investment Management AB increased its stake in JD.com by 10.8% during the 4th quarter. Nordea Investment Management AB now owns 442,453 shares of the information services provider’s stock valued at $12,734,000 after buying an additional 43,175 shares during the period. FIL Ltd increased its stake in JD.com by 124.3% during the 4th quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after buying an additional 3,441,605 shares during the period. Contrarius Investment Management Ltd acquired a new position in JD.com during the 4th quarter valued at about $9,384,000. Carmignac Gestion increased its stake in JD.com by 3.1% during the 4th quarter. Carmignac Gestion now owns 965,063 shares of the information services provider’s stock valued at $27,874,000 after buying an additional 29,159 shares during the period. Finally, GSA Capital Partners LLP increased its stake in JD.com by 234.0% during the 4th quarter. GSA Capital Partners LLP now owns 106,013 shares of the information services provider’s stock valued at $3,063,000 after buying an additional 74,269 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Company Profile

(Get Free Report)

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.

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