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

Shares of JD.com, Inc. (NASDAQ:JD) gapped down before the market opened on Tuesday . The stock had previously closed at $41.38, but opened at $40.19. JD.com shares last traded at $39.01, with a volume of 4,111,966 shares changing hands.

Analyst Ratings Changes

JD has been the topic of a number of analyst reports. Benchmark reissued a “buy” rating and set a $47.00 target price on shares of JD.com 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 upped their target price for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, Citigroup cut their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Two equities research 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.36.

JD.com Trading Down 6.0 %

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’s fifty day moving average price is $37.71 and its two-hundred day moving average price is $35.39. The company has a market capitalization of $61.37 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 0.30 and a beta of 0.40.

Hedge Funds Weigh In On JD.com

A number of institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers raised its stake in JD.com by 1.7% in the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider’s stock worth $561,000 after buying an additional 265 shares in the last quarter. Quintet Private Bank Europe S.A. raised its stake in JD.com by 4.5% in the fourth quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider’s stock worth $271,000 after buying an additional 334 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after buying an additional 417 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in JD.com by 4.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider’s stock worth $353,000 after buying an additional 436 shares in the last quarter. Finally, Huntington National Bank increased its stake in shares of JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after purchasing an additional 452 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

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.