JD.com (NASDAQ:JD) Shares Gap Down – Here’s What Happened

JD.com, Inc. (NASDAQ:JD) gapped down prior to trading on Friday . The stock had previously closed at $36.13, but opened at $35.20. JD.com shares last traded at $34.95, with a volume of 1,712,188 shares.

Analyst Ratings Changes

A number of equities analysts recently issued reports on JD shares. Barclays boosted their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $43.00 to $46.00 in a report on Monday, December 9th. StockNews.com upgraded shares of JD.com from a “hold” rating to a “buy” rating in a report on Friday, November 22nd. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and dropped their target price for the stock from $49.00 to $48.00 in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

JD.com Stock Performance

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 stock has a market cap of $55.17 billion, a PE ratio of 11.07, a P/E/G ratio of 0.30 and a beta of 0.38. The business’s 50-day moving average price is $37.57 and its 200-day moving average price is $32.60.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of JD. Atlas Capital Advisors LLC purchased a new position in shares of JD.com in the second quarter worth about $28,000. Wilmington Savings Fund Society FSB acquired a new position in JD.com in the 3rd quarter worth approximately $49,000. Huntington National Bank raised its position in JD.com by 32.1% during the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after buying an additional 452 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in JD.com during the 3rd quarter valued at approximately $103,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of JD.com by 58.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after acquiring an additional 1,102 shares during the last quarter. Institutional investors and hedge funds 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.