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

JD.com, Inc. (NASDAQ:JD) shares gapped down prior to trading 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 subject of several recent analyst reports. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th. Dbs Bank upgraded JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. UBS Group set a $51.00 target price on JD.com in a research note on Friday, March 7th. Barclays boosted their target price on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, Benchmark boosted their target price on JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $45.64.

JD.com Stock Performance

The firm has a market cap of $67.51 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average price of $40.25 and a 200-day moving average price of $37.68.

JD.com Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a dividend yield of 1.7%. This is a positive change from JD.com’s previous annual dividend of $0.74. JD.com’s payout ratio is presently 26.13%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of JD. FMR LLC grew its holdings in JD.com by 86.2% during the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock worth $986,280,000 after acquiring an additional 13,170,649 shares during the period. Two Sigma Advisers LP grew its holdings in JD.com by 329.9% during the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after acquiring an additional 4,839,700 shares during the period. CoreView Capital Management Ltd grew its holdings in JD.com by 204.8% during the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider’s stock worth $221,878,000 after acquiring an additional 4,299,872 shares during the period. Appaloosa LP grew its holdings in JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock worth $362,852,000 after acquiring an additional 3,165,885 shares during the period. Finally, Voya Investment Management LLC acquired a new position in JD.com during the fourth quarter worth $109,665,000. Institutional investors and hedge funds 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.