JD.com (NASDAQ:JD) Shares Gap Up - Here's What Happened

JD.com, Inc. (NASDAQ:JD - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $39.19, but opened at $41.47. JD.com shares last traded at $41.57, with a volume of 8,498,011 shares traded.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com lowered JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Citigroup cut their price objective on 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 upgraded JD.com from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $43.00 to $46.00 in a report on Monday, December 9th. Dbs Bank upgraded JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Finally, Benchmark restated a "buy" rating and issued a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $41.36.

JD.com Price Performance

The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The stock's 50-day moving average price is $37.89 and its 200 day moving average price is $35.67. The firm has a market cap of $66.90 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 0.29 and a beta of 0.40.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JD. Polunin Capital Partners Ltd raised its position in 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 purchasing an additional 447,264 shares in the last quarter. Citigroup Inc. lifted its position in shares of JD.com by 9.9% during the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider's stock worth $16,012,000 after buying an additional 36,096 shares during the period. Maple Rock Capital Partners Inc. boosted its stake in JD.com by 5.9% in the 3rd 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 buying an additional 200,200 shares in the last quarter. KBC Group NV lifted its holdings in JD.com by 213.4% during the 4th quarter. KBC Group NV now owns 356,019 shares of the information services provider's stock valued at $12,343,000 after purchasing an additional 242,409 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in JD.com by 65,089.6% in the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider's stock valued at $88,580,000 after buying an additional 2,211,095 shares in the last quarter. 15.98% of the stock is currently 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.