JD.com (NASDAQ:JD) Shares Gap Down – Here’s Why

JD.com, Inc. (NASDAQ:JD) gapped down before the market opened on Tuesday . The stock had previously closed at $39.02, but opened at $36.91. JD.com shares last traded at $36.73, with a volume of 4,480,656 shares traded.

Analyst Ratings Changes

Several research firms have issued reports on JD. Barclays upped their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Sanford C. Bernstein reduced their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Friday, August 16th. Benchmark reiterated a “buy” rating and issued a $47.00 price target on shares of JD.com in a research note on Tuesday, October 15th. StockNews.com upgraded shares of JD.com from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, JD.com currently has an average rating of “Moderate Buy” and a consensus target price of $39.71.

JD.com Stock Performance

The firm has a market cap of $56.93 billion, a P/E ratio of 13.28, a P/E/G ratio of 0.43 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. The company’s 50 day moving average is $36.67 and its 200 day moving average is $31.40.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The firm had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. During the same quarter last year, the firm earned $0.68 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities analysts predict that JD.com, Inc. will post 3.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JD.com

Large investors have recently bought and sold shares of the stock. Atlas Capital Advisors LLC bought a new position in shares of JD.com during the second quarter valued at about $28,000. Allspring Global Investments Holdings LLC grew its stake in JD.com by 812.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 1,681 shares in the last quarter. Huntington National Bank grew its stake in JD.com by 32.1% in the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after buying an additional 452 shares in the last quarter. Advisors Preferred LLC purchased a new position in JD.com in the 1st quarter worth approximately $126,000. Finally, Blue Trust Inc. grew its stake in JD.com by 295.7% in the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock worth $126,000 after buying an additional 2,360 shares in the last quarter. 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.