JD.com (NASDAQ:JD) Shares Gap Up – Here’s What Happened

JD.com, Inc. (NASDAQ:JD) 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 trading hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JD. JPMorgan Chase & Co. increased their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. StockNews.com raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Barclays increased their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and cut their price objective for the company from $49.00 to $48.00 in a report on Monday, October 21st. Finally, Citigroup cut their price objective 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. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $41.36.

JD.com Stock Performance

The firm has a market capitalization of $56.43 billion, a P/E ratio of 11.32, a P/E/G ratio of 0.25 and a beta of 0.39. The firm has a 50-day moving average price of $36.19 and a two-hundred day moving average price of $33.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

Hedge Funds Weigh In On JD.com

Institutional investors have recently made changes to their positions in the company. FMR LLC grew its stake in JD.com by 41.0% in the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after purchasing an additional 4,445,277 shares during the last quarter. Two Sigma Advisers LP grew its stake in JD.com by 329.9% in the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after purchasing an additional 4,839,700 shares during the last quarter. Fisher Asset Management LLC grew its stake in JD.com by 9.0% in the third quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider’s stock valued at $162,904,000 after purchasing an additional 336,740 shares during the last quarter. Point72 Asset Management L.P. grew its stake in JD.com by 117.1% in the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock valued at $161,356,000 after purchasing an additional 2,175,568 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. grew its stake in JD.com by 5.9% in the third 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 purchasing an additional 200,200 shares during the last quarter. Hedge funds and other 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.