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

JD.com, Inc. (NASDAQ:JD) gapped up prior to trading on Tuesday . The stock had previously closed at $33.39, but opened at $35.10. JD.com shares last traded at $34.88, with a volume of 2,203,230 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on JD shares. Benchmark reaffirmed a “buy” rating and set a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $43.00 to $46.00 in a report on Monday, December 9th. JPMorgan Chase & Co. boosted their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. StockNews.com raised JD.com from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, Barclays boosted their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Trading Up 1.2 %

The company has a 50 day moving average of $36.19 and a 200-day moving average of $33.16. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The stock has a market cap of $56.43 billion, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 0.25 and a beta of 0.39.

Institutional Investors Weigh In On JD.com

Several large investors have recently bought and sold shares of the stock. Huntington National Bank increased its holdings in JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after purchasing an additional 452 shares during the period. SRN Advisors LLC increased its holdings in JD.com by 1.6% during the 3rd quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock worth $1,288,000 after purchasing an additional 516 shares during the period. Douglass Winthrop Advisors LLC increased its holdings in JD.com by 4.0% during 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. QRG Capital Management Inc. increased its holdings in JD.com by 3.1% during the 3rd quarter. QRG Capital Management Inc. now owns 29,297 shares of the information services provider’s stock worth $1,172,000 after purchasing an additional 889 shares during the period. Finally, Atomi Financial Group Inc. increased its holdings in JD.com by 5.7% during the 3rd quarter. Atomi Financial Group Inc. now owns 17,725 shares of the information services provider’s stock worth $709,000 after purchasing an additional 952 shares during the period. Hedge funds and other 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.