JD.com (NASDAQ:JD) Shares Gap Up – Still a Buy?

JD.com, Inc. (NASDAQ:JD) shares gapped up before the market opened on Tuesday . The stock had previously closed at $40.03, but opened at $41.65. JD.com shares last traded at $41.69, with a volume of 1,645,393 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JD. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and dropped their price objective for the company from $49.00 to $48.00 in a report on Monday, October 21st. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $43.00 to $46.00 in a research report on Monday, December 9th. Barclays 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. StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a research report on Friday. 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 analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Trading Up 4.3 %

The stock has a market capitalization of $65.84 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 0.30 and a beta of 0.40. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $37.04 and a 200 day moving average price of $34.38.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Polunin Capital Partners Ltd increased its position in JD.com by 27.8% during the 3rd quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock valued at $82,291,000 after buying an additional 447,264 shares in the last quarter. Seven Grand Managers LLC acquired a new position in JD.com during the 3rd quarter valued at about $16,800,000. Citigroup Inc. increased its position in JD.com by 9.9% during the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock valued at $16,012,000 after buying an additional 36,096 shares in the last quarter. SG Americas Securities LLC increased its position in JD.com by 55.8% during the 3rd quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock valued at $3,770,000 after buying an additional 33,771 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. increased its position in JD.com by 5.9% during 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. 15.98% of the stock is 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.