JD.com (NASDAQ:JD) Shares Gap Down - What's Next?

JD.com, Inc. (NASDAQ:JD - Get Free Report) 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.

Analyst Ratings Changes

Several brokerages have recently commented on JD. JPMorgan Chase & Co. increased their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Sanford C. Bernstein upgraded JD.com from a "market perform" rating to an "outperform" rating and raised their target price for the company from $43.00 to $46.00 in a report on Monday, December 9th. Benchmark reaffirmed a "buy" rating and issued a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Loop Capital raised JD.com from a "hold" rating to a "buy" rating and lowered their price objective for the company from $49.00 to $48.00 in a report on Monday, October 21st. Finally, Citigroup reduced their target price on JD.com from $52.00 to $51.00 and set a "buy" rating for the company in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $41.36.

JD.com Stock Down 3.2 %

The company has a market capitalization of $55.17 billion, a P/E ratio of 11.07, a P/E/G ratio of 0.30 and a beta of 0.38. The business's fifty day moving average price is $37.57 and its 200 day moving average price is $32.58. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

Hedge Funds Weigh In On JD.com

Several hedge funds and other institutional investors have recently modified their holdings of JD. Atlas Capital Advisors LLC bought a new position in JD.com during the 2nd quarter valued at about $28,000. Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com in the 3rd quarter worth approximately $49,000. Huntington National Bank grew its position in JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider's stock worth $74,000 after acquiring an additional 452 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in JD.com during the 3rd quarter valued at $103,000. Finally, Allspring Global Investments Holdings LLC raised its position in JD.com by 58.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider's stock valued at $120,000 after purchasing an additional 1,102 shares during 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.