JD.com (NASDAQ:JD) Shares Gap Down to $37.75

Posted by on Jun 9th, 2023

JD.com, Inc. (NASDAQ:JD – Get Rating)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $37.75, but opened at $36.85. JD.com shares last traded at $36.99, with a volume of 1,268,094 shares trading hands.

Analyst Ratings Changes

JD has been the subject of a number of research analyst reports. HSBC lowered their price objective on shares of JD.com from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, March 10th. UBS Group cut shares of JD.com from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $60.00 to $43.00 in a research report on Thursday, April 13th. Loop Capital lowered their price objective on shares of JD.com from $49.00 to $40.00 in a research report on Wednesday, May 10th. Bank of America lowered their price objective on shares of JD.com from $68.00 to $56.00 in a research report on Sunday, May 14th. Finally, BOCOM International cut shares of JD.com from a “buy” rating to a “neutral” rating in a research report on Friday, March 10th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $60.17.

JD.com Trading Up 0.8 %

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.36 and a quick ratio of 1.08. The business’s 50 day moving average is $36.50 and its 200 day moving average is $47.52. The stock has a market cap of $50.86 billion, a price-to-earnings ratio of 21.16 and a beta of 0.45.

JD.com (NASDAQ:JD – Get Rating) last issued its earnings results on Thursday, March 9th. The information services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.17. The firm had revenue of $42.84 billion during the quarter, compared to the consensus estimate of $43.18 billion. JD.com had a net margin of 1.87% and a return on equity of 9.63%. As a group, equities analysts expect that JD.com, Inc. will post 2.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JD.com

Institutional investors and hedge funds have recently bought and sold shares of the stock. Coronation Fund Managers Ltd. raised its holdings in shares of JD.com by 130.1% in the first quarter. Coronation Fund Managers Ltd. now owns 3,824,164 shares of the information services provider’s stock valued at $167,843,000 after buying an additional 2,162,550 shares during the last quarter. Marshall Wace LLP grew its position in JD.com by 461.2% during the third quarter. Marshall Wace LLP now owns 2,463,812 shares of the information services provider’s stock worth $123,931,000 after buying an additional 2,024,813 shares during the period. TT International Asset Management LTD acquired a new position in JD.com during the fourth quarter worth about $110,942,000. Price T Rowe Associates Inc. MD acquired a new position in JD.com during the first quarter worth about $56,120,000. Finally, Robeco Institutional Asset Management B.V. acquired a new position in JD.com during the fourth quarter worth about $70,753,000. 17.71% of the stock is owned by hedge funds and other institutional investors.

About JD.com

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JD.com, Inc is a technology-driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. It operates through the following segments: JD Retail, JD Logistics, and New Businesses. The JD Retail segment offers online retail, online marketplace, and marketing services.

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