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

JD.com, Inc. (NASDAQ:JD) shares gapped down prior to trading on Thursday . The stock had previously closed at $44.83, but opened at $42.58. JD.com shares last traded at $43.42, with a volume of 2,556,925 shares traded.

Analysts Set New Price Targets

JD has been the topic of a number of analyst reports. Barclays boosted their price objective on shares of JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a research report on Friday, March 7th. Susquehanna reiterated a “neutral” rating and set a $45.00 price objective (up previously from $35.00) on shares of JD.com in a research report on Wednesday, March 12th. Finally, Mizuho boosted their price objective on shares of JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Two 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 company’s stock. Based on data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and a consensus target price of $45.64.

JD.com Trading Down 1.7 %

The stock’s 50 day moving average is $40.60 and its two-hundred day moving average is $37.83. The company has a market capitalization of $66.62 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18.

JD.com Increases Dividend

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

Institutional Trading of JD.com

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its position in shares of JD.com by 86.2% during the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock valued at $986,280,000 after buying an additional 13,170,649 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of JD.com by 329.9% during the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after buying an additional 4,839,700 shares during the last quarter. CoreView Capital Management Ltd lifted its position in shares of JD.com by 204.8% during the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider’s stock valued at $221,878,000 after buying an additional 4,299,872 shares during the last quarter. Appaloosa LP lifted its position in shares of JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock valued at $362,852,000 after buying an additional 3,165,885 shares during the last quarter. Finally, Voya Investment Management LLC purchased a new stake in shares of JD.com during the fourth quarter valued at about $109,665,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

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.