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

JD.com, Inc. (NASDAQ:JD - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $41.38, but opened at $40.19. JD.com shares last traded at $39.01, with a volume of 4,111,966 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on JD shares. Sanford C. Bernstein raised shares of JD.com from a "market perform" rating to an "outperform" rating and raised their price target for the company from $43.00 to $46.00 in a report on Monday, December 9th. Dbs Bank raised shares of JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. StockNews.com downgraded shares of JD.com from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 11th. Benchmark reissued a "buy" rating and issued a $47.00 price objective on shares of JD.com in a report on Friday, November 15th. Finally, Citigroup dropped their price objective on shares of JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $41.36.

JD.com Stock Performance

The company has a market cap of $64.97 billion, a P/E ratio of 13.04, a PEG ratio of 0.29 and a beta of 0.40. 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 business's 50 day simple moving average is $37.72 and its 200 day simple moving average is $35.51.

Institutional Investors Weigh In On JD.com

Several institutional investors and hedge funds have recently modified their holdings of JD. Vise Technologies Inc. purchased a new position in shares of JD.com in the fourth quarter valued at $589,000. CoreView Capital Management Ltd grew its holdings in shares of JD.com by 204.8% in the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider's stock valued at $221,878,000 after purchasing an additional 4,299,872 shares in the last quarter. Waverly Advisors LLC purchased a new position in shares of JD.com in the fourth quarter valued at $310,000. Woodline Partners LP grew its holdings in shares of JD.com by 2.5% in the fourth quarter. Woodline Partners LP now owns 104,069 shares of the information services provider's stock valued at $3,608,000 after purchasing an additional 2,587 shares in the last quarter. Finally, Vident Advisory LLC grew its holdings in shares of JD.com by 16.7% in the fourth quarter. Vident Advisory LLC now owns 11,005 shares of the information services provider's stock valued at $382,000 after purchasing an additional 1,572 shares in the last quarter. 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.