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

JD.com, Inc. (NASDAQ:JD)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $39.59, but opened at $42.01. JD.com shares last traded at $41.20, with a volume of 4,678,501 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on JD. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Citigroup reduced their price target on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and lowered their price objective for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a research report on Wednesday. Finally, StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.36.

JD.com Trading Up 4.5 %

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 business’s 50-day moving average is $37.71 and its two-hundred day moving average is $35.15. The firm has a market cap of $65.26 billion, a P/E ratio of 13.09, a P/E/G ratio of 0.30 and a beta of 0.40.

Institutional Investors Weigh In On JD.com

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

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.