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

JD.com, Inc. (NASDAQ:JD) gapped down prior to trading on Tuesday . The stock had previously closed at $39.02, but opened at $36.91. JD.com shares last traded at $36.73, with a volume of 4,480,656 shares trading hands.

Wall Street Analysts Forecast Growth

JD has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Benchmark reaffirmed a “buy” rating and issued a $47.00 price target on shares of JD.com in a research note on Tuesday, October 15th. Sanford C. Bernstein lowered their price objective on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Friday, August 16th. Finally, Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and dropped their target price for the company from $49.00 to $48.00 in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.71.

JD.com Stock Down 1.1 %

The company has a market cap of $56.29 billion, a P/E ratio of 12.98, a P/E/G ratio of 0.40 and a beta of 0.41. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $36.85 and its 200 day moving average is $31.44.

JD.com (NASDAQ:JD) last posted its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The company had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities analysts anticipate that JD.com, Inc. will post 3.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On JD.com

A number of institutional investors have recently bought and sold shares of JD. Allspring Global Investments Holdings LLC lifted its stake in JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after acquiring an additional 1,681 shares in the last quarter. QRG Capital Management Inc. boosted its position in JD.com by 60.4% in the 1st quarter. QRG Capital Management Inc. now owns 27,135 shares of the information services provider’s stock valued at $743,000 after buying an additional 10,221 shares during the period. Avantax Advisory Services Inc. increased its position in shares of JD.com by 23.4% during the first quarter. Avantax Advisory Services Inc. now owns 18,053 shares of the information services provider’s stock worth $494,000 after acquiring an additional 3,422 shares during the period. M&G Plc acquired a new stake in shares of JD.com in the first quarter valued at $22,920,000. Finally, O Shaughnessy Asset Management LLC grew its stake in JD.com by 103.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 62,002 shares of the information services provider’s stock worth $1,698,000 after purchasing an additional 31,563 shares in the last quarter. 15.98% of the stock is 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.