JD.com (NASDAQ:JD) Trading 3.7% Higher

JD.com, Inc. (NASDAQ:JD) was up 3.7% on Friday . The stock traded as high as $27.40 and last traded at $27.34. Approximately 3,466,178 shares changed hands during trading, a decline of 75% from the average daily volume of 13,615,741 shares. The stock had previously closed at $26.37.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JD. Bank of America raised their target price on JD.com from $38.00 to $43.00 and gave the company a “buy” rating in a report on Friday, May 17th. JPMorgan Chase & Co. raised shares of JD.com from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $33.00 to $36.00 in a research report on Friday, August 16th. Loop Capital reduced their price target on shares of JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a report on Friday, June 21st. Benchmark reduced their target price on shares of JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Finally, Macquarie raised JD.com from a “neutral” rating to an “outperform” rating and upped their price target for the company from $26.00 to $40.00 in a report on Friday, May 17th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.93.

JD.com Stock Performance

The stock’s 50-day simple moving average is $26.69 and its 200 day simple moving average is $27.46. The stock has a market capitalization of $42.46 billion, a price-to-earnings ratio of 12.04 and a beta of 0.39. The company has a quick ratio of 0.88, a current ratio of 1.15 and a debt-to-equity ratio of 0.15.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. JD.com had a return on equity of 11.43% and a net margin of 2.26%. The business had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. During the same period in the previous year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts expect that JD.com, Inc. will post 3.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Aspex Management HK Ltd bought a new position in JD.com in the 4th quarter valued at $114,009,000. FIL Ltd lifted its stake 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 valued at $179,423,000 after acquiring an additional 3,441,605 shares during the period. National Bank of Canada FI boosted its holdings in JD.com by 292.4% in the fourth quarter. National Bank of Canada FI now owns 4,436,719 shares of the information services provider’s stock valued at $120,679,000 after acquiring an additional 3,305,956 shares during the last quarter. Discerene Group LP increased its position in JD.com by 66.0% in the first quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after purchasing an additional 2,207,619 shares during the period. Finally, Polunin Capital Partners Ltd bought a new stake in JD.com during the 1st quarter worth about $41,477,000. Institutional investors 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.