JD.com (NASDAQ:JD) Shares Gap Down to $34.75

JD.com, Inc. (NASDAQ:JD)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $34.75, but opened at $33.28. JD.com shares last traded at $33.35, with a volume of 20,918,741 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Bank of America boosted their price target on JD.com from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Barclays boosted their price target on JD.com from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. The Goldman Sachs Group assumed coverage on JD.com in a research note on Thursday, April 25th. They set a “buy” rating and a $37.00 price target on the stock. Nomura decreased their price target on JD.com from $36.00 to $33.00 in a research note on Friday, April 5th. Finally, HSBC boosted their price target on JD.com from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $37.47.

JD.com Price Performance

The company has a fifty day simple moving average of $28.95 and a two-hundred day simple moving average of $26.63. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 1.15. The company has a market capitalization of $51.54 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 0.62 and a beta of 0.51.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Wednesday, March 6th. The information services provider reported $5.30 earnings per share for the quarter, beating the consensus estimate of $0.56 by $4.74. The company had revenue of $306.08 billion during the quarter, compared to the consensus estimate of $300.21 billion. JD.com had a return on equity of 11.43% and a net margin of 2.26%. JD.com’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. As a group, research analysts anticipate that JD.com, Inc. will post 2.85 earnings per share for the current year.

JD.com Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, April 29th. Stockholders of record on Friday, April 5th were issued a dividend of $0.74 per share. The ex-dividend date was Thursday, April 4th. This represents a dividend yield of 2.99%. JD.com’s payout ratio is 33.79%.

Institutional Trading of JD.com

Institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in JD.com by 812.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 1,681 shares in the last quarter. Hexagon Capital Partners LLC bought a new position in shares of JD.com during the first quarter worth about $58,000. Spire Wealth Management lifted its position in shares of JD.com by 81.3% during the third quarter. Spire Wealth Management now owns 2,166 shares of the information services provider’s stock worth $63,000 after purchasing an additional 971 shares during the last quarter. CWM LLC lifted its position in shares of JD.com by 69.3% during the fourth quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock worth $85,000 after purchasing an additional 1,208 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA lifted its position in shares of JD.com by 73.5% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 3,850 shares of the information services provider’s stock worth $111,000 after purchasing an additional 1,631 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.