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

JD.com, Inc. (NASDAQ:JD - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $33.39, but opened at $35.10. JD.com shares last traded at $34.88, with a volume of 2,203,230 shares traded.

Analyst Ratings Changes

Several research firms have recently weighed in on JD. Citigroup reduced their price target on shares of JD.com from $52.00 to $51.00 and set a "buy" rating for the company in a report on Friday, November 15th. Benchmark reiterated a "buy" rating and set a $47.00 target price on shares of JD.com in a report on Friday, November 15th. Loop Capital upgraded JD.com from a "hold" rating to a "buy" rating and cut their price target for the company from $49.00 to $48.00 in a report on Monday, October 21st. StockNews.com cut JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lifted their target price on JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $41.36.

JD.com Trading Up 4.0 %

The company has a market cap of $54.79 billion, a P/E ratio of 10.99, a P/E/G ratio of 0.30 and a beta of 0.39. The business's 50-day moving average price is $36.29 and its 200 day moving average price is $33.09. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Huntington National Bank increased its position in JD.com by 32.1% during the third 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 during the period. SRN Advisors LLC boosted its stake in shares of JD.com by 1.6% in the third quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider's stock valued at $1,288,000 after buying an additional 516 shares during the period. Douglass Winthrop Advisors LLC grew its position in JD.com by 4.0% during the third quarter. Douglass Winthrop Advisors LLC now owns 21,230 shares of the information services provider's stock worth $849,000 after buying an additional 820 shares in the last quarter. QRG Capital Management Inc. increased its stake in JD.com by 3.1% during the 3rd quarter. QRG Capital Management Inc. now owns 29,297 shares of the information services provider's stock worth $1,172,000 after acquiring an additional 889 shares during the period. Finally, Atomi Financial Group Inc. raised its holdings in JD.com by 5.7% in the 3rd quarter. Atomi Financial Group Inc. now owns 17,725 shares of the information services provider's stock valued at $709,000 after acquiring an additional 952 shares in the last quarter. Institutional investors own 15.98% of the company's stock.

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.