JD.com (NASDAQ:JD) Shares Gap Up – Still a Buy?

JD.com, Inc. (NASDAQ:JD) shares gapped up prior to trading on Wednesday . The stock had previously closed at $40.07, but opened at $42.80. JD.com shares last traded at $42.98, with a volume of 4,983,029 shares changing hands.

Analysts Set New Price Targets

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

JD.com Trading Up 7.6 %

The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average price of $37.99 and a 200 day moving average price of $36.01. The stock has a market capitalization of $67.99 billion, a PE ratio of 13.65, a P/E/G ratio of 0.31 and a beta of 0.40.

Institutional Trading of JD.com

Several institutional investors have recently made changes to their positions in JD. Richardson Financial Services Inc. bought a new position in JD.com during the fourth quarter valued at about $27,000. Brooklyn Investment Group bought a new position in JD.com during the fourth quarter valued at $34,000. Nisa Investment Advisors LLC increased its position in JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after buying an additional 417 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of JD.com in the fourth quarter valued at $41,000. Finally, Farther Finance Advisors LLC lifted its position in shares of JD.com by 111.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock valued at $45,000 after buying an additional 684 shares during the last quarter. 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.