JD.com, Inc. (NASDAQ:JD)’s share price shot up 5.8% during mid-day trading on Wednesday . The company traded as high as $40.91 and last traded at $40.80. 28,062,062 shares traded hands during mid-day trading, an increase of 145% from the average session volume of 11,447,209 shares. The stock had previously closed at $38.56.
A number of brokerages have recently issued reports on JD. Stifel Nicolaus began coverage on shares of JD.com in a research note on Wednesday. They issued a “buy” rating and a $48.00 price objective for the company. BidaskClub cut shares of JD.com from a “hold” rating to a “sell” rating in a research note on Saturday, December 2nd. J P Morgan Chase & Co dropped their price objective on shares of JD.com from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, November 15th. Nomura increased their price objective on shares of JD.com from $49.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. Finally, Wells Fargo & Company increased their price objective on shares of JD.com from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $45.65.
The company has a market cap of $58,070.00, a P/E ratio of 1,923.00 and a beta of 1.37. The company has a current ratio of 1.12, a quick ratio of 0.79 and a debt-to-equity ratio of 0.30.
JD.com Company Profile
JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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