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

JD.com, Inc. (NASDAQ:JD - Get Free Report) saw strong trading volume on Friday . 5,644,402 shares were traded 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Loop Capital raised shares of JD.com from a "hold" rating to a "buy" rating and reduced their target price for the company from $49.00 to $48.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. increased their target price on shares of JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Citigroup reduced their target price on shares of JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a research note 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 research note on Monday, December 9th. Finally, StockNews.com raised shares of JD.com from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. Two investment 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, JD.com currently has an average rating of "Moderate Buy" and a consensus price target of $41.36.

JD.com Stock Up 10.1 %

The firm has a market capitalization of $61.51 billion, a P/E ratio of 12.34, a PEG ratio of 0.25 and a beta of 0.39. 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 business's fifty day moving average price is $36.02 and its two-hundred day moving average price is $33.28.

Institutional Trading of JD.com

A number of institutional investors have recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new position in JD.com during the 4th quarter worth approximately $34,000. Nisa Investment Advisors LLC raised its position 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 worth $35,000 after buying an additional 417 shares during the last quarter. Modus Advisors LLC purchased a new position in JD.com during the 4th quarter worth approximately $41,000. Wilmington Savings Fund Society FSB purchased a new position in JD.com during the 3rd quarter worth approximately $49,000. Finally, Trium Capital LLP purchased a new position in JD.com during the 4th quarter worth approximately $62,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.