JD.com (NASDAQ:JD) Trading Up 6.5% - Still a Buy?

Key Points

• JD.com shares surged 6.5% during mid-day trading, reaching $35.07 from a previous close of $32.94, despite a significant drop in trading volume by 39% compared to its daily average.
• Analysts have mixed views on JD.com, with Bank of America lowering its price target to $37.00 while others have set targets as low as $37.00 and as high as $50.00, indicating a consensus of a "Moderate Buy" rating.
• Institutional investors show a trend of increasing holdings in JD.com, with notable firms like Parallel Advisors and Farther Finance Advisors reporting significant percentage increases in their shares during the first quarter of the year.

Shares of JD.com, Inc. (NASDAQ:JD - Get Free Report) were up 6.5% during mid-day trading on Wednesday . The stock traded as high as $34.92 and last traded at $35.07. Approximately 8,091,247 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 13,163,912 shares. The stock had previously closed at $32.94.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on JD shares. Bank of America cut their price objective on JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a report on Monday, July 14th. Arete Research cut JD.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 1st. UBS Group lowered their target price on JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a research note on Thursday, July 10th. Benchmark lowered their target price on JD.com from $53.00 to $47.00 and set a "buy" rating for the company in a research note on Monday, July 21st. Finally, Arete cut JD.com from a "buy" rating to a "neutral" rating and set a $45.00 target price for the company. in a research note on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, JD.com presently has an average rating of "Moderate Buy" and an average price target of $43.31.

JD.com Trading Up 7.7%

The company has a 50-day moving average price of $32.42 and a 200-day moving average price of $34.26. The firm has a market capitalization of $49.54 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 3.80 and a beta of 0.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.90 and a current ratio of 1.22.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JD. Parallel Advisors LLC lifted its holdings in shares of JD.com by 5.9% in the 1st quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider's stock valued at $223,000 after purchasing an additional 304 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of JD.com by 23.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock valued at $66,000 after purchasing an additional 308 shares during the last quarter. Lakeshore Capital Group Inc. lifted its holdings in shares of JD.com by 2.4% in the 1st quarter. Lakeshore Capital Group Inc. now owns 13,522 shares of the information services provider's stock valued at $556,000 after purchasing an additional 322 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of JD.com by 3.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 8,876 shares of the information services provider's stock valued at $290,000 after purchasing an additional 324 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA lifted its holdings in shares of JD.com by 21.4% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 2,268 shares of the information services provider's stock valued at $93,000 after purchasing an additional 400 shares during the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

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.

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