JD.com, Inc. (NASDAQ:JD - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $28.59, but opened at $29.89. JD.com shares last traded at $29.95, with a volume of 4,314,552 shares trading hands.
Wall Street Analysts Forecast Growth
JD has been the subject of several research analyst reports. Benchmark restated a "buy" rating and issued a $55.00 price objective on shares of JD.com in a report on Tuesday, April 16th. Morgan Stanley reissued an "equal weight" rating and set a $27.00 price target on shares of JD.com in a research report on Thursday, April 18th. JPMorgan Chase & Co. upped their price target on JD.com from $25.00 to $28.00 and gave the company a "hold" rating in a research report on Friday, April 5th. StockNews.com raised JD.com from a "hold" rating to a "buy" rating in a research report on Monday, April 8th. Finally, Citigroup dropped their price target on JD.com from $43.00 to $42.00 and set a "buy" rating on the stock in a research report on Thursday, January 25th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, JD.com presently has an average rating of "Moderate Buy" and an average price target of $35.60.
Read Our Latest Stock Analysis on JD.com
JD.com Stock Performance
The firm has a 50 day moving average of $25.91 and a two-hundred day moving average of $25.85. The stock has a market cap of $47.85 billion, a P/E ratio of 14.24, a P/E/G ratio of 0.23 and a beta of 0.54. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.16.
JD.com (NASDAQ:JD - Get Free Report) last announced its earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share for the quarter, beating the consensus estimate of $0.56 by $4.74. JD.com had a return on equity of 10.87% and a net margin of 2.22%. The firm had revenue of $306.08 billion during the quarter, compared to the consensus estimate of $300.21 billion. During the same quarter in the prior year, the company earned $0.54 EPS. The firm's revenue for the quarter was up 3.6% compared to the same quarter last year. On average, research analysts predict 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 will be paid on Monday, April 29th. Investors of record on Friday, April 5th will be paid a dividend of $0.74 per share. The ex-dividend date is Thursday, April 4th. This represents a yield of 2.99%. JD.com's payout ratio is 34.74%.
Hedge Funds Weigh In On JD.com
Several large investors have recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd raised its holdings in JD.com by 0.9% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 39,941 shares of the information services provider's stock valued at $1,163,000 after acquiring an additional 371 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in shares of JD.com by 10.0% in the 4th quarter. FNY Investment Advisers LLC now owns 5,500 shares of the information services provider's stock worth $158,000 after buying an additional 502 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of JD.com by 4.7% in the 3rd quarter. Private Advisor Group LLC now owns 11,727 shares of the information services provider's stock worth $342,000 after buying an additional 528 shares in the last quarter. Avitas Wealth Management LLC raised its holdings in shares of JD.com by 1.5% in the 1st quarter. Avitas Wealth Management LLC now owns 39,966 shares of the information services provider's stock worth $1,095,000 after buying an additional 579 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of JD.com by 12.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 5,381 shares of the information services provider's stock worth $155,000 after buying an additional 602 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.
About JD.com
(
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.
See Also
Before you consider JD.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JD.com wasn't on the list.
While JD.com currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for May 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
