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

JD.com, Inc. (NASDAQ:JD) shares gapped down before the market opened on Tuesday . The stock had previously closed at $41.38, but opened at $40.19. JD.com shares last traded at $39.01, with a volume of 4,111,966 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JD. Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Citigroup cut their price objective 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. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $43.00 to $46.00 in a report on Monday, December 9th. Finally, StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, JD.com currently has an average rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Price Performance

The firm has a market capitalization of $64.97 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 0.29 and a beta of 0.40. 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 business’s 50 day moving average is $37.72 and its two-hundred day moving average is $35.51.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Rhumbline Advisers grew its position in shares of JD.com by 1.7% during the 4th quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider’s stock valued at $561,000 after purchasing an additional 265 shares in the last quarter. Quintet Private Bank Europe S.A. grew its position in shares of JD.com by 4.5% during the 4th 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 in the last quarter. Nisa Investment Advisors LLC grew its position in shares of JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 417 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of 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 valued at $353,000 after purchasing an additional 436 shares in the last quarter. Finally, Huntington National Bank grew its position in shares of 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. 15.98% of the stock is currently owned by hedge funds and other 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.