JD.com (NASDAQ:JD) Shares Gap Up – Here’s What Happened

JD.com, Inc. (NASDAQ:JD)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $39.19, but opened at $41.47. JD.com shares last traded at $41.57, with a volume of 8,498,011 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on JD shares. Dbs Bank raised JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Citigroup lowered their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $43.00 to $46.00 in a report on Monday, December 9th. Finally, Benchmark restated a “buy” rating and set a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.36.

JD.com Stock Up 3.6 %

The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The company has a 50 day simple moving average of $37.72 and a two-hundred day simple moving average of $35.51. The firm has a market capitalization of $64.05 billion, a P/E ratio of 12.90, a P/E/G ratio of 0.29 and a beta of 0.40.

Institutional Investors Weigh In On JD.com

A number of hedge funds have recently made changes to their positions in JD. Rhumbline Advisers lifted its holdings in shares of JD.com by 1.7% in the 4th quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider’s stock valued at $561,000 after acquiring an additional 265 shares during the last quarter. Quintet Private Bank Europe S.A. raised its position in JD.com by 4.5% during the fourth quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider’s stock valued at $271,000 after purchasing an additional 334 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after purchasing an additional 417 shares during the period. Sequoia Financial Advisors LLC lifted its position in JD.com by 4.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider’s stock worth $353,000 after buying an additional 436 shares during the last quarter. Finally, Huntington National Bank boosted its stake in JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after buying an additional 452 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

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.