JD.com (NASDAQ:JD) Shares Gap Up – Still a Buy?

JD.com, Inc. (NASDAQ:JD) gapped up prior to trading on Friday . The stock had previously closed at $33.35, but opened at $34.25. JD.com shares last traded at $34.08, with a volume of 2,716,743 shares traded.

Analysts Set New Price Targets

JD has been the topic of several research analyst reports. Benchmark restated a “buy” rating and issued a $47.00 price target on shares of JD.com in a research report on Friday. Sanford C. Bernstein decreased their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. Citigroup reduced their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $28.00 target price on shares of JD.com in a research report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and an average target price of $40.36.

JD.com Stock Performance

The stock has a market cap of $55.20 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 0.40 and a beta of 0.41. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $37.35 and a 200-day simple moving average of $31.52.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping the consensus estimate of $0.79 by $8.57. The firm had revenue of $291.40 billion during 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 company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS. Analysts forecast that JD.com, Inc. will post 3.74 EPS for the current fiscal year.

Hedge Funds Weigh In On JD.com

Several hedge funds have recently added to or reduced their stakes in the stock. Huntington National Bank raised its holdings in JD.com by 32.1% in the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after purchasing an additional 452 shares during the period. SRN Advisors LLC raised its stake in JD.com by 1.6% during the 3rd quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock worth $1,288,000 after buying an additional 516 shares during the period. Panagora Asset Management Inc. lifted its holdings in JD.com by 2.8% during the second quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock worth $676,000 after acquiring an additional 719 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in JD.com by 4.8% during the second quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider’s stock worth $447,000 after acquiring an additional 797 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC increased its holdings in shares of JD.com by 4.0% in the third quarter. Douglass Winthrop Advisors LLC now owns 21,230 shares of the information services provider’s stock worth $849,000 after acquiring an additional 820 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

About JD.com

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.