JD.com (NASDAQ:JD) Sees Strong Trading Volume – What’s Next?

JD.com, Inc. (NASDAQ:JD) shares saw unusually-high trading volume on Friday . Approximately 5,644,402 shares were traded during trading, a decline of 23% from the previous session’s volume of 7,373,963 shares.The stock last traded at $38.62 and had previously closed at $35.42.

Analysts Set New Price Targets

Several brokerages have issued reports on JD. Benchmark reiterated a “buy” rating and issued a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. JPMorgan Chase & Co. lifted their price target on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $49.00 to $48.00 in a report on Monday, October 21st. Barclays boosted their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Citigroup reduced their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Trading Up 10.1 %

The business’s 50 day simple moving average is $36.02 and its 200-day simple moving average is $33.28. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The stock has a market capitalization of $61.51 billion, a P/E ratio of 12.34, a PEG ratio of 0.25 and a beta of 0.39.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Brooklyn Investment Group bought a new position in JD.com during the 4th quarter worth approximately $34,000. Nisa Investment Advisors LLC raised its holdings in JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after purchasing an additional 417 shares during the period. Modus Advisors LLC bought a new position in shares of JD.com during the fourth quarter worth $41,000. Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com in the 3rd quarter valued at $49,000. Finally, Trium Capital LLP acquired a new stake in JD.com during the 4th quarter worth $62,000. 15.98% of the stock is currently owned by 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.