JD.com (NASDAQ:JD) Shares Gap Down - Here's What Happened

JD.com, Inc. (NASDAQ:JD - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $39.90, but opened at $36.40. JD.com shares last traded at $36.21, with a volume of 20,224,828 shares.

Analyst Upgrades and Downgrades

JD has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on JD.com from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a research note on Friday, March 7th. Dbs Bank upgraded shares of JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. Benchmark lifted their price target on JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Finally, StockNews.com downgraded JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $46.62.

JD.com Stock Up 6.2 %

The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The company has a 50-day simple moving average of $40.66 and a 200 day simple moving average of $39.06. The company has a market cap of $55.33 billion, a P/E ratio of 11.10, a P/E/G ratio of 0.31 and a beta of 0.53.

Remove Ads

JD.com Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be paid a $0.76 dividend. This represents a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, April 8th. This is an increase from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio (DPR) is currently 26.13%.

Institutional Investors Weigh In On JD.com

Several large investors have recently added to or reduced their stakes in JD. KBC Group NV lifted its stake in JD.com by 213.4% in the fourth quarter. KBC Group NV now owns 356,019 shares of the information services provider's stock worth $12,343,000 after acquiring an additional 242,409 shares during the period. Appaloosa LP increased its holdings in shares of JD.com by 43.4% in the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider's stock valued at $362,852,000 after acquiring an additional 3,165,885 shares during the period. Van ECK Associates Corp raised its position in shares of JD.com by 20.4% in the 4th quarter. Van ECK Associates Corp now owns 393,597 shares of the information services provider's stock worth $13,646,000 after acquiring an additional 66,693 shares in the last quarter. Alberta Investment Management Corp lifted its stake in shares of JD.com by 25.4% during the 4th quarter. Alberta Investment Management Corp now owns 504,519 shares of the information services provider's stock worth $17,492,000 after purchasing an additional 102,326 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in JD.com by 76.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider's stock valued at $114,886,000 after purchasing an additional 1,440,418 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other 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.