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

JD.com, Inc. (NASDAQ:JD)’s share price 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 trading hands.

Wall Street Analysts Forecast Growth

JD has been the topic of several research analyst reports. Benchmark reiterated a “buy” rating and set a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. JPMorgan Chase & Co. upped their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and lowered their target price for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Finally, Citigroup reduced their price target on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $41.36.

JD.com Stock Performance

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 firm’s 50-day moving average price is $37.04 and its two-hundred day moving average price is $34.38. The stock has a market cap of $65.84 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 0.30 and a beta of 0.40.

Hedge Funds Weigh In On JD.com

Large investors have recently modified their holdings of the business. Union Bancaire Privee UBP SA acquired a new position in shares of JD.com in the 4th quarter worth approximately $66,000. North of South Capital LLP lifted its stake in JD.com by 48.2% during the fourth quarter. North of South Capital LLP now owns 2,899,808 shares of the information services provider’s stock worth $100,536,000 after purchasing an additional 942,629 shares in the last quarter. Alberta Investment Management Corp boosted its position in shares of JD.com by 25.4% during the fourth quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider’s stock worth $17,492,000 after buying an additional 102,326 shares during the period. Global Retirement Partners LLC grew its stake in shares of JD.com by 48.2% in the fourth quarter. Global Retirement Partners LLC now owns 5,898 shares of the information services provider’s stock valued at $204,000 after buying an additional 1,917 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in shares of JD.com by 187.1% in the 4th quarter. Sanctuary Advisors LLC now owns 66,327 shares of the information services provider’s stock valued at $2,300,000 after buying an additional 43,227 shares during the period. Institutional investors and hedge funds 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.