JD.com (NASDAQ:JD) Shares Gap Down – Time to Sell?

JD.com, Inc. (NASDAQ:JD) shares gapped down prior to trading on Thursday . The stock had previously closed at $44.83, but opened at $42.58. JD.com shares last traded at $43.42, with a volume of 2,556,925 shares.

Wall Street Analyst Weigh In

JD has been the subject of a number of recent research reports. Barclays raised their target price on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Mizuho raised their target price on JD.com from $43.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Benchmark raised their target price on JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. Finally, StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned 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 price target of $45.64.

JD.com Stock Performance

The company has a market capitalization of $67.51 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 0.31 and a beta of 0.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The firm has a 50-day simple moving average of $40.25 and a two-hundred day simple moving average of $37.68.

JD.com Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be given a $0.76 dividend. This is an increase from JD.com’s previous annual dividend of $0.74. This represents a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, April 8th. JD.com’s payout ratio is currently 26.13%.

Hedge Funds Weigh In On JD.com

Institutional investors have recently bought and sold shares of the company. Citigroup Inc. grew its position in JD.com by 9.9% in the 3rd quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock valued at $16,012,000 after acquiring an additional 36,096 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its stake in shares of JD.com by 5.9% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock valued at $143,086,000 after buying an additional 200,200 shares during the period. KBC Group NV boosted its stake in shares of JD.com by 213.4% in the 4th quarter. KBC Group NV now owns 356,019 shares of the information services provider’s stock valued at $12,343,000 after buying an additional 242,409 shares during the period. Appaloosa LP boosted its stake in shares of JD.com by 43.4% in the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock valued at $362,852,000 after buying an additional 3,165,885 shares during the period. Finally, National Bank of Canada FI boosted its stake in shares of JD.com by 65,089.6% in the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock valued at $88,580,000 after buying an additional 2,211,095 shares during the period. 15.98% of the stock is owned by institutional investors and hedge funds.

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.