JD.com (NASDAQ:JD) Shares Gap Up – Time to Buy?

JD.com, Inc. (NASDAQ:JD)’s share 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.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on JD shares. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and cut their price objective for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Citigroup dropped their price target 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. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Benchmark reiterated a “buy” rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Finally, StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Stock Performance

The company has a market cap of $65.22 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 0.30 and a beta of 0.40. The firm has a 50-day simple moving average of $37.63 and a 200 day simple moving average of $35.05. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Rhumbline Advisers increased its stake in JD.com by 1.7% during the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider’s stock worth $561,000 after acquiring an additional 265 shares during the last quarter. 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 increased its position in 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 valued at $35,000 after acquiring an additional 417 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of 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 valued at $353,000 after purchasing an additional 436 shares during the period. Finally, Huntington National Bank boosted its stake in shares of 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 acquiring an additional 452 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.