JD.com (NASDAQ:JD) Shares Gap Down to $63.60

JD.com, Inc. (NASDAQ:JDGet Rating) shares gapped down before the market opened on Tuesday . The stock had previously closed at $63.60, but opened at $61.47. JD.com shares last traded at $60.38, with a volume of 78,068 shares trading hands.

Wall Street Analysts Forecast Growth

JD has been the subject of several research analyst reports. Morgan Stanley lowered their price objective on shares of JD.com from $80.00 to $55.00 in a research report on Monday, October 31st. Mizuho lowered their price objective on shares of JD.com from $90.00 to $82.00 in a research report on Monday, November 14th. Barclays boosted their price objective on shares of JD.com from $59.00 to $72.00 in a research report on Monday, November 21st. Citigroup boosted their price objective on shares of JD.com from $60.00 to $96.00 in a research report on Friday, January 6th. Finally, StockNews.com initiated coverage on shares of JD.com in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.92.

JD.com Trading Down 2.4 %

The company has a quick ratio of 1.02, a current ratio of 1.30 and a debt-to-equity ratio of 0.11. The company has a market cap of $79.92 billion, a P/E ratio of 650.29 and a beta of 0.48. The firm’s 50 day moving average is $57.26 and its two-hundred day moving average is $55.52.

JD.com (NASDAQ:JDGet Rating) last issued its quarterly earnings data on Friday, November 18th. The information services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.21. JD.com had a net margin of 0.13% and a return on equity of 6.64%. The company had revenue of $34.24 billion for the quarter, compared to analysts’ expectations of $34.59 billion. As a group, equities research analysts anticipate that JD.com, Inc. will post 1.93 EPS for the current year.

Institutional Trading of JD.com

A number of institutional investors have recently bought and sold shares of JD. Guardian Wealth Advisors LLC bought a new stake in JD.com during the third quarter valued at $26,000. Glassman Wealth Services boosted its position in JD.com by 95.9% during the second quarter. Glassman Wealth Services now owns 474 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 232 shares during the last quarter. Allworth Financial LP boosted its position in JD.com by 99.3% during the second quarter. Allworth Financial LP now owns 578 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 288 shares during the last quarter. Heritage Wealth Management LLC bought a new stake in JD.com during the second quarter valued at $38,000. Finally, James Investment Research Inc. acquired a new position in shares of JD.com during the second quarter valued at about $50,000. Institutional investors own 17.71% of the company’s stock.

JD.com Company Profile

(Get Rating)

JD.com, Inc provides supply chain-based technologies and services 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, books, automobile accessories, apparel and footwear, bags, and jewelry.

Read More

Receive News & Ratings for JD.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.com and related companies with MarketBeat.com's FREE daily email newsletter.