JD.com (NASDAQ:JD) Stock Price Up 7.9%

Shares of JD.com, Inc. (NASDAQ:JD) were up 7.9% on Thursday . The company traded as high as $31.59 and last traded at $31.59. Approximately 6,800,401 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 14,355,896 shares. The stock had previously closed at $29.27.

Analysts Set New Price Targets

A number of brokerages recently commented on JD. HSBC increased their price objective on shares of JD.com from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Loop Capital reduced their target price on JD.com from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. The Goldman Sachs Group initiated coverage on JD.com in a research report on Thursday, April 25th. They set a “buy” rating and a $37.00 price target for the company. Citigroup decreased their price objective on JD.com from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Finally, JPMorgan Chase & Co. lifted their price target 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 investment 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 currently has a consensus rating of “Moderate Buy” and an average price target of $35.60.

JD.com Price Performance

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 company has a 50 day simple moving average of $26.42 and a 200-day simple moving average of $25.89. The stock has a market cap of $51.84 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 0.26 and a beta of 0.51.

JD.com (NASDAQ:JD) last issued its 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 company had revenue of $306.08 billion during the quarter, compared to the consensus estimate of $300.21 billion. JD.com had a return on equity of 10.87% and a net margin of 2.22%. JD.com’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. As a group, research analysts anticipate that JD.com, Inc. will post 2.85 EPS for the current fiscal year.

JD.com Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, April 29th. Investors of record on Friday, April 5th were given a $0.74 dividend. This represents a yield of 2.99%. The ex-dividend date was Thursday, April 4th. JD.com’s dividend payout ratio is currently 34.74%.

Institutional Trading of JD.com

A number of hedge funds and other institutional investors have recently made changes to their positions in JD. Aspex Management HK Ltd acquired a new stake in shares of JD.com in the fourth quarter valued at $114,009,000. FIL Ltd raised its position in JD.com by 124.3% in the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock worth $179,423,000 after acquiring an additional 3,441,605 shares in the last quarter. National Bank of Canada FI lifted its holdings in JD.com by 292.4% in the 4th 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 raised its holdings in shares of JD.com by 107.9% in the 4th 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 bought a new stake in JD.com during the first quarter worth approximately $41,477,000. 15.98% of the stock is currently owned by institutional investors.

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.