JD.com (NASDAQ:JD) Sees Unusually-High Trading Volume – Here’s What Happened

JD.com, Inc. (NASDAQ:JD) saw strong trading volume on Friday . 5,644,402 shares traded hands during mid-day trading, a decline of 23% from the previous session’s volume of 7,373,963 shares.The stock last traded at $38.62 and had previously closed at $35.42.

Analysts Set New Price Targets

JD has been the topic of a number of recent analyst reports. Benchmark reissued a “buy” rating and issued a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $43.00 to $46.00 in a report on Monday, December 9th. JPMorgan Chase & Co. boosted their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. 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 report on Friday, November 15th. Finally, Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and decreased their price target for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $41.36.

JD.com Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The stock has a 50-day moving average price of $36.12 and a 200-day moving average price of $33.17. The firm has a market capitalization of $60.84 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 0.25 and a beta of 0.39.

Institutional Investors Weigh In On JD.com

A number of hedge funds have recently made changes to their positions in JD. Polunin Capital Partners Ltd boosted its position in shares of JD.com by 27.8% in the third quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock worth $82,291,000 after buying an additional 447,264 shares during the period. Seven Grand Managers LLC bought a new stake in JD.com during the third quarter valued at about $16,800,000. Citigroup Inc. grew its holdings in JD.com by 9.9% in the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock valued at $16,012,000 after buying an additional 36,096 shares during the last quarter. SG Americas Securities LLC increased its position in JD.com by 55.8% during the third quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock worth $3,770,000 after acquiring an additional 33,771 shares during the period. Finally, Maple Rock Capital Partners Inc. increased its stake in JD.com by 5.9% during the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock valued at $143,086,000 after acquiring an additional 200,200 shares during the period. Institutional investors 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.