JD.com (NASDAQ:JD) Shares Gap Down – What’s Next?

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 traded.

Analysts Set New Price Targets

A number of research firms have commented on JD. JPMorgan Chase & Co. lifted their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Sanford C. Bernstein reduced their price objective on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and cut their price target for the company from $49.00 to $48.00 in a report on Monday, October 21st. Benchmark reissued a “buy” rating and issued a $47.00 target price on shares of JD.com in a research report on Tuesday, October 15th. Finally, Barclays increased their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and a consensus price target of $39.71.

JD.com Stock Down 1.1 %

The firm’s 50 day moving average price is $36.85 and its two-hundred day moving average price is $31.44. The firm has a market capitalization of $56.29 billion, a PE 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.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share 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 analysts’ expectations of $291.01 billion. During the same period in the prior year, the company posted $0.68 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, research analysts forecast that JD.com, Inc. will post 3.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC boosted its stake in JD.com by 41.0% during the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after acquiring an additional 4,445,277 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of JD.com by 30.7% during the first quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock worth $159,461,000 after purchasing an additional 1,368,356 shares during the last quarter. Discerene Group LP grew its stake in JD.com by 66.0% in the first quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after purchasing an additional 2,207,619 shares in the last quarter. Federated Hermes Inc. grew its stake in JD.com by 16.4% in the second quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock worth $110,601,000 after purchasing an additional 603,211 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in JD.com by 9.0% in the third quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider’s stock valued at $162,904,000 after buying an additional 336,740 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

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.