JD.com (NASDAQ:JD) Shares Gap Up - Should You Buy?

Shares of JD.com, Inc. (NASDAQ:JD - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $39.59, but opened at $42.01. JD.com shares last traded at $41.20, with a volume of 4,678,501 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on JD shares. Citigroup dropped their price target 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. Dbs Bank raised JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Loop Capital raised JD.com from a "hold" rating to a "buy" rating and lowered their price target for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Finally, Sanford C. Bernstein raised JD.com from a "market perform" rating to an "outperform" rating and upped their price target for the company from $43.00 to $46.00 in a report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, JD.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.36.

JD.com Price Performance

The firm has a 50 day moving average price of $37.71 and a 200 day moving average price of $35.39. The stock has a market cap of $61.37 billion, a P/E ratio of 12.31, a P/E/G ratio of 0.30 and a beta of 0.40. 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 Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. FMR LLC lifted its position in shares of JD.com by 86.2% in the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider's stock valued at $986,280,000 after acquiring an additional 13,170,649 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in JD.com by 329.9% in the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider's stock worth $252,268,000 after purchasing an additional 4,839,700 shares in the last quarter. CoreView Capital Management Ltd boosted its stake in JD.com by 204.8% in the 4th quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock worth $221,878,000 after purchasing an additional 4,299,872 shares during the period. Appaloosa LP grew its holdings in JD.com by 43.4% during the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after buying an additional 3,165,885 shares in the last quarter. Finally, Voya Investment Management LLC bought a new stake in JD.com in the 4th quarter valued at $109,665,000. 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.