JD.com (JD) Shares Up 5.8%

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.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bessemer Group Inc. bought a new position in shares of JD.com in the 3rd quarter valued at about $101,000. Highstreet Asset Management Inc. acquired a new stake in shares of JD.com in the 2nd quarter valued at approximately $127,000. Advisor Group Inc. raised its position in shares of JD.com by 253.0% in the 3rd quarter. Advisor Group Inc. now owns 4,056 shares of the information services provider’s stock valued at $154,000 after acquiring an additional 2,907 shares during the period. IFP Advisors Inc raised its position in shares of JD.com by 585.2% in the 2nd quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock valued at $192,000 after acquiring an additional 4,184 shares during the period. Finally, Bank Pictet & Cie Asia Ltd. acquired a new stake in shares of JD.com in the 3rd quarter valued at approximately $206,000. 44.99% of the stock is currently owned by institutional investors.

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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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