JD.com (NASDAQ:JD) Shares Gap Down – Here’s What Happened

JD.com, Inc. (NASDAQ:JD) shares gapped down prior to trading on Friday . The stock had previously closed at $36.13, but opened at $35.20. JD.com shares last traded at $34.95, with a volume of 1,712,188 shares trading hands.

Wall Street Analysts Forecast Growth

JD has been the topic of a number of recent analyst reports. StockNews.com raised JD.com from a “hold” rating to a “buy” rating in a report on Friday, November 22nd. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and lowered their price target for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. raised their price objective on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Barclays boosted their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Citigroup dropped their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.36.

JD.com Trading Down 3.2 %

The stock has a market cap of $55.18 billion, a PE ratio of 11.07, a PEG ratio of 0.31 and a beta of 0.38. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The business has a 50-day moving average of $37.67 and a 200 day moving average of $32.54.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JD. Two Sigma Advisers LP boosted its position in shares of JD.com by 329.9% in 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 last quarter. FMR LLC grew its stake in shares of JD.com by 41.0% during the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after buying an additional 4,445,277 shares during the period. National Bank of Canada FI increased its holdings in shares of JD.com by 65,089.6% during the 3rd quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock worth $88,580,000 after buying an additional 2,211,095 shares during the last quarter. Point72 Asset Management L.P. raised its position in shares of JD.com by 117.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock worth $161,356,000 after buying an additional 2,175,568 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in JD.com during the third quarter valued at about $73,311,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.