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

JD.com, Inc. (NASDAQ:JD) shares gapped down before the market opened 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 changing hands.

Analyst Upgrades and Downgrades

JD has been the topic of several recent analyst reports. Sanford C. Bernstein restated an “outperform” rating on shares of JD.com in a report on Friday, March 7th. Susquehanna restated a “neutral” rating and set a $45.00 price objective (up previously from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Barclays upped their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Mizuho upped their price objective on shares of JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Finally, Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.64.

JD.com Stock Down 1.7 %

The firm has a market cap of $66.62 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.31 and a beta of 0.43. The business’s 50 day moving average price is $40.60 and its 200 day moving average price is $37.83. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

JD.com Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.76 per share. This is a boost from JD.com’s previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. This represents a dividend yield of 1.7%. JD.com’s dividend payout ratio (DPR) is presently 26.13%.

Institutional Investors Weigh In On JD.com

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fairtree Asset Management Pty Ltd purchased a new position in shares of JD.com during the 4th quarter valued at approximately $4,974,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of JD.com by 5.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,333 shares of the information services provider’s stock valued at $428,000 after buying an additional 645 shares in the last quarter. Siemens Fonds Invest GmbH purchased a new position in shares of JD.com during the 4th quarter valued at approximately $1,989,000. Jefferies Financial Group Inc. lifted its position in shares of JD.com by 169.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 33,086 shares of the information services provider’s stock valued at $1,147,000 after buying an additional 20,829 shares in the last quarter. Finally, Lakeshore Capital Group Inc. purchased a new position in shares of JD.com during the 4th quarter valued at approximately $458,000. Institutional investors and hedge funds 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.