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

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

Analyst Upgrades and Downgrades

JD has been the topic of several recent analyst reports. Benchmark reissued a “buy” rating and set a $47.00 price objective on shares of JD.com in a research report on Tuesday, October 15th. Susquehanna restated a “neutral” rating and set a $28.00 target price on shares of JD.com in a research note on Monday, August 19th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and cut their price objective for the company from $49.00 to $48.00 in a report on Monday, October 21st. Sanford C. Bernstein cut 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, JPMorgan Chase & Co. increased their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.71.

JD.com Price Performance

The company has a market capitalization of $56.93 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 0.43 and a beta of 0.41. The stock has a fifty day simple moving average of $36.67 and a 200-day simple moving average of $31.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90.

JD.com (NASDAQ:JD) last announced its quarterly 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. The company had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. JD.com’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share. On average, equities research analysts anticipate that JD.com, Inc. will post 3.74 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Atlas Capital Advisors LLC purchased a new stake in shares of JD.com during the second quarter worth approximately $28,000. Allspring Global Investments Holdings LLC increased its position in shares of JD.com by 812.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after purchasing an additional 1,681 shares in the last quarter. Huntington National Bank increased its position in shares of JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after purchasing an additional 452 shares in the last quarter. Advisors Preferred LLC acquired a new stake in shares of JD.com in the 1st quarter worth $126,000. Finally, Blue Trust Inc. increased its stake 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 worth $126,000 after acquiring an additional 2,360 shares during the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

About JD.com

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.