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

JD.com, Inc. (NASDAQ:JD)’s share price 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.

Analyst Ratings Changes

JD has been the subject of several recent research reports. Benchmark reissued a “buy” rating and issued a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Citigroup reduced their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and raised their price target for the company from $43.00 to $46.00 in a report on Monday, December 9th. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. Finally, StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Stock Performance

The firm has a 50 day moving average price of $37.89 and a 200-day moving average price of $35.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The firm has a market capitalization of $62.38 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 0.31 and a beta of 0.40.

Hedge Funds Weigh In On JD.com

Hedge funds have recently made changes to their positions in the company. Richardson Financial Services Inc. purchased a new stake in shares of JD.com in the fourth quarter valued at about $27,000. Brooklyn Investment Group acquired a new stake in shares of JD.com during the 4th quarter valued at approximately $34,000. Nisa Investment Advisors LLC raised its holdings in JD.com by 71.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after purchasing an additional 417 shares during the last quarter. Modus Advisors LLC purchased a new stake in shares of JD.com in the 4th quarter worth about $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of JD.com in the third quarter valued at about $49,000. 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.