JD.com (NASDAQ:JD) Shares Gap Up - Here's Why

JD.com, Inc. (NASDAQ:JD - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $31.58, but opened at $32.99. JD.com shares last traded at $32.75, with a volume of 3,086,340 shares.

Analyst Upgrades and Downgrades

JD has been the subject of a number of recent analyst reports. Susquehanna lowered their price target on JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, May 15th. Bank of America cut their price target on shares of JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Barclays upped their price objective on shares of JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Wall Street Zen downgraded shares of JD.com from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Citigroup restated a "buy" rating and issued a $51.00 price objective (down from $56.00) on shares of JD.com in a report on Monday, April 28th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $46.33.

JD.com Trading Up 1.5%

The stock has a 50-day moving average of $35.19 and a two-hundred day moving average of $37.43. The company has a market cap of $51.88 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 0.31 and a beta of 0.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

JD.com Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This is an increase from JD.com's previous annual dividend of $0.74. This represents a dividend yield of 1.7%. JD.com's dividend payout ratio (DPR) is presently 23.84%.

Hedge Funds Weigh In On JD.com

Hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC increased its stake in JD.com by 900.3% during the 1st quarter. Acadian Asset Management LLC now owns 350,365 shares of the information services provider's stock valued at $14,406,000 after purchasing an additional 315,339 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of JD.com by 36.5% during the first quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider's stock valued at $1,184,000 after buying an additional 7,701 shares during the last quarter. Bayforest Capital Ltd purchased a new position in JD.com in the 1st quarter worth approximately $250,000. Empowered Funds LLC raised its holdings in JD.com by 35.5% in the 1st quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider's stock worth $800,000 after acquiring an additional 5,099 shares during the last quarter. Finally, Axiom Investors LLC DE purchased a new stake in JD.com during the 1st quarter valued at $13,630,000. 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.