JD.com (NASDAQ:JD) Shares Gap Up - Should You Buy?

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 traded.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. UBS Group cut their price objective on JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, July 10th. Susquehanna cut their price objective on JD.com from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, May 15th. Morgan Stanley cut their price objective on JD.com from $39.00 to $28.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Benchmark dropped their target price on JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a research report on Monday. Finally, Bank of America dropped their target price on JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a research report on Monday, July 14th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, JD.com presently has a consensus rating of "Moderate Buy" and an average price target of $44.00.

JD.com Stock Down 1.5%

The company has a quick ratio of 0.92, a current ratio of 1.26 and a debt-to-equity ratio of 0.18. The firm has a 50 day simple moving average of $32.98 and a 200-day simple moving average of $36.52. The stock has a market cap of $46.68 billion, a P/E ratio of 8.13, a price-to-earnings-growth ratio of 4.44 and a beta of 0.48.

Hedge Funds Weigh In On JD.com

Several institutional investors and hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased its stake in JD.com by 26.2% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,152 shares of the information services provider's stock worth $1,833,000 after acquiring an additional 11,652 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in JD.com by 66.8% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 21,893 shares of the information services provider's stock worth $715,000 after acquiring an additional 8,771 shares during the period. FengHe Fund Management Pte. Ltd. acquired a new stake in shares of JD.com in the 2nd quarter valued at $3,395,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of JD.com by 6.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 4,044,773 shares of the information services provider's stock valued at $132,021,000 after purchasing an additional 243,104 shares in the last quarter. Finally, Tempus Wealth Planning LLC acquired a new stake in shares of JD.com in the 2nd quarter valued at $877,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.