JD.Com (JD) Shares Gap Down to $30.46

JD.Com Inc (NASDAQ:JD)’s share price gapped down before the market opened on Friday . The stock had previously closed at $31.34, but opened at $30.46. JD.Com shares last traded at $29.31, with a volume of 18151363 shares traded.

JD has been the topic of a number of recent analyst reports. Daiwa Capital Markets set a $38.00 price target on shares of JD.Com and gave the stock a “buy” rating in a research note on Friday, March 1st. Benchmark boosted their price objective on shares of JD.Com from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research upgraded shares of JD.Com from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Wednesday, March 27th. BidaskClub upgraded shares of JD.Com from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. Finally, CICC Research upgraded shares of JD.Com from a “hold” rating to a “buy” rating and set a $27.66 price objective on the stock in a research report on Monday. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. JD.Com currently has a consensus rating of “Buy” and a consensus price target of $32.22.

The firm has a market cap of $35.29 billion, a PE ratio of -977.00 and a beta of 1.30. The company has a current ratio of 0.83, a quick ratio of 0.50 and a debt-to-equity ratio of 0.21.

JD.Com (NASDAQ:JD) last released its earnings results on Thursday, February 28th. The information services provider reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.08. The company had revenue of $19.61 billion for the quarter, compared to analyst estimates of $19.34 billion. JD.Com had a net margin of 0.69% and a return on equity of 0.46%. On average, analysts forecast that JD.Com Inc will post 0.51 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC lifted its holdings in shares of JD.Com by 2,305.1% during the 4th quarter. Advisory Services Network LLC now owns 1,900 shares of the information services provider’s stock worth $40,000 after acquiring an additional 1,821 shares during the period. Doyle Wealth Management purchased a new position in shares of JD.Com during the 4th quarter worth about $42,000. AlphaMark Advisors LLC purchased a new position in shares of JD.Com during the 4th quarter worth about $47,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of JD.Com during the 1st quarter worth about $51,000. Finally, Commonwealth Bank of Australia lifted its holdings in shares of JD.Com by 35.6% during the 4th quarter. Commonwealth Bank of Australia now owns 2,950 shares of the information services provider’s stock worth $60,000 after acquiring an additional 774 shares during the period. Institutional investors and hedge funds own 47.59% of the company’s stock.

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JD.Com Company Profile (NASDAQ:JD)

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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