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

Shares of JD.com, Inc. (NASDAQ:JD) gapped up before the market opened on Wednesday . The stock had previously closed at $40.07, but opened at $42.80. JD.com shares last traded at $42.98, with a volume of 4,983,029 shares trading hands.

Analyst Ratings Changes

Several research analysts recently commented on JD shares. StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Dbs Bank upgraded JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Citigroup dropped their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a 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 company from $43.00 to $46.00 in a report on Monday, December 9th. Finally, Benchmark reaffirmed a “buy” rating and set a $47.00 price objective on shares of JD.com in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.36.

JD.com Trading Up 7.6 %

The firm has a market capitalization of $67.99 billion, a PE ratio of 13.65, a PEG ratio of 0.31 and a beta of 0.40. The stock’s fifty day simple moving average is $37.99 and its 200 day simple moving average is $36.01. 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 Investors Weigh In On JD.com

Institutional investors and hedge funds have recently bought and sold shares of the company. Richardson Financial Services Inc. acquired a new position in shares of JD.com during the fourth quarter valued at about $27,000. Brooklyn Investment Group purchased a new position in shares of JD.com in the 4th quarter valued at about $34,000. Nisa Investment Advisors LLC lifted its position in shares of 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 buying an additional 417 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of JD.com in the fourth quarter valued at about $41,000. Finally, Farther Finance Advisors LLC raised its stake in JD.com by 111.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 684 shares during the last quarter. 15.98% of the stock is owned by institutional investors.

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.