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

JD.com, Inc. (NASDAQ:JD) gapped down before the market opened 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 traded.

Wall Street Analyst Weigh In

JD has been the subject of a number of analyst reports. 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. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Citigroup decreased their price target on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $43.00 to $46.00 in a research note 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’s stock. According to data from MarketBeat, JD.com currently has an average rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Price Performance

The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average price is $37.99 and its two-hundred day moving average price is $36.01. The firm has a market capitalization of $67.07 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 0.31 and a beta of 0.40.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JD. Blue Trust Inc. grew its position in shares of JD.com by 295.7% in the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after buying an additional 2,360 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of JD.com by 58.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock worth $120,000 after purchasing an additional 1,102 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of JD.com by 2.3% in the 3rd quarter. Private Advisor Group LLC now owns 71,116 shares of the information services provider’s stock valued at $2,845,000 after purchasing an additional 1,581 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of JD.com in the 3rd quarter valued at about $6,656,000. Finally, PFG Investments LLC purchased a new position in JD.com during the 3rd quarter worth approximately $226,000. Hedge funds and other 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.