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

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

Analysts Set New Price Targets

JD has been the subject of several recent research reports. Susquehanna decreased their price objective on JD.com from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, April 5th. StockNews.com raised JD.com from a “hold” rating to a “buy” rating in a report on Monday, April 8th. Morgan Stanley reissued an “equal weight” rating and issued a $27.00 price objective on shares of JD.com in a report on Thursday, April 18th. Nomura decreased their price objective on JD.com from $36.00 to $33.00 in a report on Friday, April 5th. Finally, The Goldman Sachs Group initiated coverage on JD.com in a research note on Thursday, April 25th. They issued a “buy” rating and a $37.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.60.

JD.com Trading Up 11.5 %

The stock has a market cap of $51.46 billion, a P/E ratio of 14.67, a P/E/G ratio of 0.23 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.16. The stock has a 50-day moving average price of $26.25 and a 200-day moving average price of $25.84.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $4.74. The firm 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%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS. On average, equities research analysts expect that JD.com, Inc. will post 2.85 EPS for the current year.

JD.com Dividend Announcement

The company 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. The ex-dividend date was Thursday, April 4th. This represents a yield of 2.99%. JD.com’s payout ratio is 34.74%.

Institutional Trading of JD.com

Hedge funds have recently bought and sold shares of the company. Nordea Investment Management AB lifted its position in JD.com by 10.8% in the 4th quarter. Nordea Investment Management AB now owns 442,453 shares of the information services provider’s stock worth $12,734,000 after buying an additional 43,175 shares during the last quarter. Trexquant Investment LP purchased a new position in JD.com in the 3rd quarter worth approximately $8,566,000. Platinum Investment Management Ltd. increased its stake in JD.com by 12.8% in the 3rd quarter. Platinum Investment Management Ltd. now owns 547,343 shares of the information services provider’s stock worth $15,944,000 after purchasing an additional 62,129 shares during the period. Oaktree Capital Management LP increased its stake in JD.com by 68.7% in the 3rd quarter. Oaktree Capital Management LP now owns 1,706,910 shares of the information services provider’s stock worth $49,722,000 after purchasing an additional 695,180 shares during the period. Finally, SG Americas Securities LLC increased its stake in JD.com by 40.4% in the 4th quarter. SG Americas Securities LLC now owns 738,999 shares of the information services provider’s stock worth $21,350,000 after purchasing an additional 212,616 shares during the period. Institutional investors own 15.98% of the company’s stock.

JD.com Company Profile

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.