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

JD.com, Inc. (NASDAQ:JD) gapped down prior to trading on Wednesday . The stock had previously closed at $43.54, but opened at $41.39. JD.com shares last traded at $42.39, with a volume of 8,398,783 shares traded.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Sanford C. Bernstein lowered their price objective on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. Benchmark lowered their price target on JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, August 16th. JPMorgan Chase & Co. upgraded JD.com from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $33.00 to $36.00 in a report on Friday, August 16th. Loop Capital lowered their target price on shares of JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Friday, June 21st. Finally, StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.93.

JD.com Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15. The stock has a market cap of $68.29 billion, a P/E ratio of 19.88, a P/E/G ratio of 0.45 and a beta of 0.42. The business’s 50-day moving average price is $29.90 and its 200-day moving average price is $29.05.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Atomi Financial Group Inc. raised its position in shares of JD.com by 5.7% during the third quarter. Atomi Financial Group Inc. now owns 17,725 shares of the information services provider’s stock valued at $709,000 after buying an additional 952 shares during the last quarter. Smith Anglin Financial LLC bought a new stake in JD.com in the 3rd quarter valued at $273,000. Handelsbanken Fonder AB lifted its stake in JD.com by 28.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 696,507 shares of the information services provider’s stock worth $27,860,000 after purchasing an additional 155,455 shares in the last quarter. Park Avenue Securities LLC purchased a new position in shares of JD.com during the third quarter valued at about $903,000. Finally, SG Americas Securities LLC lifted its position in shares of JD.com by 55.8% in the third quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock worth $3,770,000 after buying an additional 33,771 shares in the last quarter. Institutional investors 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.