JD.com (NASDAQ:JD) Shares Gap Down – Should You Sell?

JD.com, Inc. (NASDAQ:JD)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $42.42, but opened at $40.76. JD.com shares last traded at $39.07, with a volume of 8,213,821 shares.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JD. Benchmark reiterated a “buy” rating and set a $47.00 price objective on shares of JD.com in a research note on Friday, November 15th. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and raised their target price for the company from $43.00 to $46.00 in a research note on Monday, December 9th. Citigroup cut their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Finally, Dbs Bank raised JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, JD.com presently has an average rating of “Moderate Buy” and an average target price of $41.36.

JD.com Price Performance

The company has a market cap of $67.07 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.31 and a beta of 0.40. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The firm has a 50 day simple moving average of $37.99 and a 200-day simple moving average of $36.01.

Hedge Funds Weigh In On JD.com

Several institutional investors and hedge funds have recently bought and sold shares of the company. Richardson Financial Services Inc. purchased a new position in shares of JD.com in the 4th quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new position in JD.com in the 4th quarter worth $34,000. Nisa Investment Advisors LLC increased its holdings in shares of JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 417 shares during the period. Modus Advisors LLC purchased a new position in JD.com during the 4th quarter worth approximately $41,000. Finally, Farther Finance Advisors LLC increased its stake in shares of JD.com by 111.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider’s stock worth $45,000 after acquiring an additional 684 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

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.