JD.com (NASDAQ:JD) Sees Unusually-High Trading Volume – Here’s Why

Shares of JD.com, Inc. (NASDAQ:JD) saw an uptick in trading volume on Friday . 5,644,402 shares were traded during trading, a decline of 23% from the previous session’s volume of 7,373,963 shares.The stock last traded at $38.62 and had previously closed at $35.42.

Analyst Ratings Changes

JD has been the topic of several research analyst reports. StockNews.com raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Citigroup decreased their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Barclays increased their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and reduced their price target for the company from $49.00 to $48.00 in a report on Monday, October 21st. Finally, Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $43.00 to $46.00 in a research note on Monday, December 9th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, JD.com has an average rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The stock has a market cap of $60.84 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 0.25 and a beta of 0.39. The company’s fifty day simple moving average is $36.12 and its two-hundred day simple moving average is $33.17.

Institutional Investors Weigh In On JD.com

Institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its stake in JD.com by 71.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after acquiring an additional 417 shares in the last quarter. Huntington National Bank raised its position in JD.com by 32.1% in the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after acquiring an additional 452 shares during the period. SRN Advisors LLC grew its stake in shares of JD.com by 1.6% during the 3rd quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock valued at $1,288,000 after acquiring an additional 516 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of JD.com by 0.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider’s stock worth $3,487,000 after purchasing an additional 597 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC boosted its stake in JD.com by 4.0% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 21,230 shares of the information services provider’s stock worth $849,000 after purchasing an additional 820 shares during the period. 15.98% of the stock is owned by hedge funds and other 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.