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

JD.com, Inc. (NASDAQ:JD) shares 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 changing hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on JD shares. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and cut their target price for the company from $49.00 to $48.00 in a report on Monday, October 21st. JPMorgan Chase & Co. raised their target price 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 lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 7th. Barclays lifted their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Citigroup cut their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Two equities 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $41.36.

JD.com Trading Up 4.3 %

The firm has a market capitalization of $54.93 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 0.30 and a beta of 0.39. The company’s 50-day simple moving average is $36.29 and its 200 day simple moving average is $33.09. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

Hedge Funds Weigh In On JD.com

Hedge funds have recently modified their holdings of the stock. Modus Advisors LLC acquired a new position in JD.com in the 4th quarter worth approximately $41,000. Wilmington Savings Fund Society FSB acquired a new position in JD.com in the 3rd quarter worth approximately $49,000. Huntington National Bank increased its holdings in JD.com by 32.1% in the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after buying an additional 452 shares during the period. Transamerica Financial Advisors Inc. acquired a new position in JD.com in the 3rd quarter worth approximately $103,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in JD.com by 58.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock worth $120,000 after buying an additional 1,102 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.