JD.com (NASDAQ:JD) Shares Gap Down to $44.80

JD.com, Inc. (NASDAQ:JD) gapped down prior to trading on Thursday . The stock had previously closed at $44.80, but opened at $43.00. JD.com shares last traded at $44.30, with a volume of 9,920,589 shares changing hands.

Wall Street Analyst Weigh In

JD has been the topic of a number of recent research reports. Benchmark dropped their target price on JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Loop Capital decreased their price target on JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a report on Friday, June 21st. Barclays decreased their price target on JD.com from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, July 16th. JPMorgan Chase & Co. raised JD.com from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $33.00 to $36.00 in a report on Friday, August 16th. Finally, Susquehanna reissued a “neutral” rating and issued a $28.00 price target on shares of JD.com in a report on Monday, August 19th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.93.

JD.com Trading Down 0.6 %

The firm has a market capitalization of $70.20 billion, a PE ratio of 20.04, a PEG ratio of 0.45 and a beta of 0.39. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average price of $28.37 and a two-hundred day moving average price of $28.53.

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

Hedge Funds Weigh In On JD.com

Hedge funds have recently bought and sold shares of the company. Atlas Capital Advisors LLC purchased a new position in shares of JD.com in the 2nd quarter valued at about $28,000. Allspring Global Investments Holdings LLC increased its position in 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 buying an additional 1,681 shares during the period. Hexagon Capital Partners LLC acquired a new position in JD.com during the first quarter worth approximately $58,000. Parallel Advisors LLC increased its holdings in shares of JD.com by 20.1% in the fourth quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock valued at $119,000 after purchasing an additional 686 shares during the period. Finally, Advisors Preferred LLC acquired a new position in shares of JD.com in the first quarter valued at approximately $126,000. 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.