JD.com (NASDAQ:JD) Shares Gap Up – What’s Next?

Shares of JD.com, Inc. (NASDAQ:JD) gapped up before the market opened on Tuesday . The stock had previously closed at $34.51, but opened at $35.21. JD.com shares last traded at $34.90, with a volume of 1,693,054 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on JD shares. JPMorgan Chase & Co. lifted their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Susquehanna reissued a “neutral” rating and set a $28.00 target price on shares of JD.com in a research note on Monday, August 19th. Citigroup decreased their target price on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Barclays lifted their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, StockNews.com raised JD.com from a “hold” rating to a “buy” rating in a research note on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.36.

JD.com Trading Up 5.3 %

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 stock has a 50 day simple moving average of $38.77 and a 200-day simple moving average of $31.73. The firm has a market cap of $58.65 billion, a P/E ratio of 11.77, a P/E/G ratio of 0.28 and a beta of 0.41.

Hedge Funds Weigh In On JD.com

Large investors have recently modified their holdings of the stock. Polunin Capital Partners Ltd increased its position in shares of JD.com by 27.8% during the 3rd quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock valued at $82,291,000 after purchasing an additional 447,264 shares during the last quarter. Seven Grand Managers LLC purchased a new position in JD.com during the 3rd quarter valued at $16,800,000. SG Americas Securities LLC boosted its holdings in JD.com by 55.8% during the 3rd quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock valued at $3,770,000 after acquiring an additional 33,771 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in JD.com by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 369,100 shares of the information services provider’s stock valued at $10,110,000 after acquiring an additional 63,800 shares during the period. Finally, China Universal Asset Management Co. Ltd. purchased a new position in JD.com during the 3rd quarter valued at $740,000. 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.