JD.com (NASDAQ:JD) Shares Gap Up - What's Next?

JD.com, Inc. (NASDAQ:JD - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $32.69, but opened at $34.00. JD.com shares last traded at $34.24, with a volume of 4,896,604 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Arete Research upgraded JD.com to a "hold" rating in a research report on Tuesday, June 24th. Macquarie restated a "neutral" rating and set a $35.00 price target on shares of JD.com in a research report on Wednesday, April 23rd. Arete lowered JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research report on Tuesday, June 24th. UBS Group dropped their price objective on JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a report on Thursday, July 10th. Finally, Wall Street Zen cut JD.com from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, JD.com currently has a consensus rating of "Moderate Buy" and an average target price of $44.46.

JD.com Stock Up 3.8%

The company has a market cap of $47.37 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 4.28 and a beta of 0.48. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $32.98 and a two-hundred day moving average of $36.49.

Institutional Investors Weigh In On JD.com

Several large investors have recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in shares of JD.com by 5.9% in the first quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider's stock valued at $223,000 after buying an additional 304 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of JD.com by 23.7% in the first quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock valued at $66,000 after buying an additional 308 shares in the last quarter. Lakeshore Capital Group Inc. grew its stake in shares of JD.com by 2.4% in the first quarter. Lakeshore Capital Group Inc. now owns 13,522 shares of the information services provider's stock valued at $556,000 after buying an additional 322 shares in the last quarter. Compagnie Lombard Odier SCmA grew its stake in shares of JD.com by 21.4% in the first quarter. Compagnie Lombard Odier SCmA now owns 2,268 shares of the information services provider's stock valued at $93,000 after buying an additional 400 shares in the last quarter. Finally, Guinness Asset Management LTD grew its stake in shares of JD.com by 13.5% in the first quarter. Guinness Asset Management LTD now owns 3,679 shares of the information services provider's stock valued at $151,000 after buying an additional 439 shares in the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

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.