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

JD.com, Inc. (NASDAQ:JD - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $44.80, but opened at $43.00. JD.com shares last traded at $44.30, with a volume of 9,920,589 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Susquehanna reaffirmed a "neutral" rating and issued a $28.00 target price on shares of JD.com in a research report on Monday, August 19th. Barclays decreased their target price on shares of JD.com from $41.00 to $40.00 and set an "overweight" rating for the company in a research note on Tuesday, July 16th. Benchmark dropped their price target on JD.com from $55.00 to $47.00 and set a "buy" rating on the stock in a research report on Friday, August 16th. JPMorgan Chase & Co. raised JD.com from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $33.00 to $36.00 in a research report on Friday, August 16th. Finally, StockNews.com raised JD.com from a "buy" rating to a "strong-buy" rating in a report on Monday. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.93.

JD.com Stock Performance

The business's fifty day moving average price is $28.74 and its 200-day moving average price is $28.64. The stock has a market cap of $70.34 billion, a PE ratio of 20.37, a P/E/G ratio of 0.45 and a beta of 0.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15.

JD.com (NASDAQ:JD - Get Free Report) last issued its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $8.57. The company had revenue of $291.40 billion for the quarter, compared to analysts' expectations of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $0.68 earnings per share. As a group, equities research analysts forecast that JD.com, Inc. will post 3.74 EPS for the current fiscal year.

Institutional Investors Weigh In On JD.com

A number of large investors have recently made changes to their positions in the company. Atlas Capital Advisors LLC bought a new stake in shares of JD.com during the 2nd quarter valued at $28,000. Allspring Global Investments Holdings LLC increased its position in JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider's stock worth $52,000 after buying an additional 1,681 shares in the last quarter. Hexagon Capital Partners LLC bought a new position in shares of JD.com in the first quarter worth about $58,000. Parallel Advisors LLC lifted its position in shares of JD.com by 20.1% during the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider's stock valued at $119,000 after buying an additional 686 shares in the last quarter. Finally, Advisors Preferred LLC bought a new position in shares of JD.com during the 1st quarter valued at approximately $126,000. 15.98% of the stock is currently owned by 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.