JD.com (NASDAQ:JD) Shares Gap Down to $26.83

JD.com, Inc. (NASDAQ:JD) shares gapped down before the market opened on Monday . The stock had previously closed at $26.83, but opened at $25.50. JD.com shares last traded at $25.74, with a volume of 7,555,379 shares traded.

Analysts Set New Price Targets

A number of brokerages recently commented on JD. Macquarie upgraded JD.com from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $26.00 to $40.00 in a research report on Friday, May 17th. Loop Capital dropped their target price on shares of JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a report on Friday, June 21st. Sanford C. Bernstein lowered their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Friday, August 16th. Benchmark reduced their target price on shares of JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Finally, StockNews.com upgraded shares of JD.com from a “buy” rating to a “strong-buy” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.93.

JD.com Price Performance

The stock has a market capitalization of $41.60 billion, a P/E ratio of 12.05 and a beta of 0.39. The company has a quick ratio of 0.88, a current ratio of 1.15 and a debt-to-equity ratio of 0.15. The business’s 50 day simple moving average is $26.81 and its two-hundred day simple moving average is $27.44.

JD.com (NASDAQ:JD) last issued 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 company had revenue of $291.40 billion for the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a net margin of 2.26% and a return on equity of 11.43%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. As a group, sell-side analysts forecast that JD.com, Inc. will post 3.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in JD. FIL Ltd lifted its position in JD.com by 124.3% during the fourth quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after buying an additional 3,441,605 shares during the period. Contrarius Investment Management Ltd purchased a new stake in shares of JD.com in the fourth quarter worth $9,384,000. Canada Pension Plan Investment Board raised its position in shares of JD.com by 9.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock valued at $39,887,000 after purchasing an additional 129,763 shares during the period. Carmignac Gestion boosted its holdings in JD.com by 3.1% in the 4th quarter. Carmignac Gestion now owns 965,063 shares of the information services provider’s stock worth $27,874,000 after buying an additional 29,159 shares during the period. Finally, GSA Capital Partners LLP boosted its stake in shares of JD.com by 234.0% in the fourth quarter. GSA Capital Partners LLP now owns 106,013 shares of the information services provider’s stock worth $3,063,000 after acquiring an additional 74,269 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

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.