JD.com (NASDAQ:JD) Shares Gap Down – Time to Sell?

Shares of JD.com, Inc. (NASDAQ:JD) gapped down before the market opened on Thursday . The stock had previously closed at $33.56, but opened at $32.32. JD.com shares last traded at $32.53, with a volume of 5,122,129 shares.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Benchmark boosted their price objective on shares of JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Dbs Bank raised JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Barclays boosted their target price on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Bank of America dropped their price target on JD.com from $51.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.27.

JD.com Trading Up 0.2 %

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The stock has a market capitalization of $51.30 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. The business’s 50-day moving average is $39.34 and its two-hundred day moving average is $38.54.

JD.com Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.76 per share. This represents a dividend yield of 1.7%. This is a positive change from JD.com’s previous annual dividend of $0.74. The ex-dividend date of this dividend is Tuesday, April 8th. JD.com’s payout ratio is 26.13%.

Institutional Trading of JD.com

Several hedge funds have recently modified their holdings of JD. FMR LLC boosted its holdings in JD.com by 86.2% during the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock worth $986,280,000 after buying an additional 13,170,649 shares in the last quarter. CoreView Capital Management Ltd lifted its position in shares of JD.com by 204.8% during the 4th quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider’s stock valued at $221,878,000 after acquiring an additional 4,299,872 shares during the period. Appaloosa LP grew its holdings in shares of JD.com by 43.4% in the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock worth $362,852,000 after acquiring an additional 3,165,885 shares during the period. Voya Investment Management LLC acquired a new stake in shares of JD.com in the 4th quarter worth approximately $109,665,000. Finally, Aspex Management HK Ltd purchased a new position in JD.com in the 4th quarter valued at approximately $93,562,000. 15.98% of the stock is owned by institutional investors and hedge funds.

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.