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

JD.com, Inc. (NASDAQ:JD)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $42.42, but opened at $40.76. JD.com shares last traded at $39.07, with a volume of 8,213,821 shares.

Analysts Set New Price Targets

JD has been the subject of several recent research reports. Citigroup cut their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Benchmark reissued a “buy” rating and set a $47.00 price objective on shares of JD.com in a research report on Friday, November 15th. Dbs Bank raised JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Stock Performance

The company has a market capitalization of $62.38 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 0.31 and a beta of 0.40. The business has a 50 day moving average of $37.89 and a 200 day moving average of $35.82. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

Institutional Investors Weigh In On JD.com

Several large investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its holdings in shares of JD.com by 1.7% in the 4th quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider’s stock worth $561,000 after acquiring an additional 265 shares during the last quarter. Quintet Private Bank Europe S.A. boosted its holdings in shares of JD.com by 4.5% in the fourth quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider’s stock valued at $271,000 after purchasing an additional 334 shares during the period. Nisa Investment Advisors LLC grew its stake 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 in the last quarter. Sequoia Financial Advisors LLC increased its holdings in JD.com by 4.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider’s stock worth $353,000 after purchasing an additional 436 shares during the period. Finally, Huntington National Bank raised its position in JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after purchasing an additional 452 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.

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.