JD.com (NASDAQ:JD) Shares Gap Down – What’s Next?

JD.com, Inc. (NASDAQ:JD)’s share price 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.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on JD shares. Loop Capital decreased 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 report on Friday, June 21st. Susquehanna reaffirmed a “neutral” rating and issued a $28.00 price objective on shares of JD.com in a research note on Monday, August 19th. Benchmark dropped their target price on JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a report on Friday, August 16th. JPMorgan Chase & Co. upgraded JD.com from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $33.00 to $36.00 in a research report on Friday, August 16th. Finally, Sanford C. Bernstein cut their price objective on shares of 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. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, JD.com has an average rating of “Moderate Buy” and a consensus target price of $36.93.

JD.com Stock Down 0.6 %

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 company’s 50 day moving average price is $29.90 and its two-hundred day moving average price is $29.05. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last issued its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping the consensus estimate 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 business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 EPS. As a group, research analysts expect that JD.com, Inc. will post 3.74 earnings per share for the current year.

Institutional Trading of JD.com

Several hedge funds and other institutional investors have recently bought and sold shares of JD. Atlas Capital Advisors LLC purchased a new stake in JD.com during the second quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC raised its position in shares of JD.com by 812.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 1,681 shares during the last quarter. Hexagon Capital Partners LLC purchased a new stake in JD.com during the 1st quarter worth approximately $58,000. Advisors Preferred LLC acquired a new position in JD.com during the 1st quarter valued at approximately $126,000. Finally, Unique Wealth Strategies LLC acquired a new stake in shares of JD.com during the second quarter worth $172,000. Institutional investors own 15.98% of the company’s stock.

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.