JD.com (NASDAQ:JD) Shares Gap Down to $33.78

JD.com, Inc. (NASDAQ:JD - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $33.78, but opened at $32.96. JD.com shares last traded at $33.25, with a volume of 1,351,661 shares.

Wall Street Analysts Forecast Growth

JD has been the topic of a number of research reports. StockNews.com downgraded JD.com from a "buy" rating to a "hold" rating in a research report on Monday. HSBC increased their price target on shares of JD.com from $38.00 to $39.00 and gave the company a "buy" rating in a research report on Thursday, March 7th. Morgan Stanley restated an "equal weight" rating and issued a $27.00 price objective on shares of JD.com in a report on Thursday, April 18th. Loop Capital increased their target price on shares of JD.com from $26.00 to $35.00 and gave the company a "hold" rating in a report on Monday. Finally, Benchmark restated a "buy" rating and set a $55.00 price target on shares of JD.com in a research report on Tuesday, April 16th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $36.33.

JD.com Price Performance

The firm has a 50-day moving average of $27.74 and a 200 day moving average of $26.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.16 and a quick ratio of 0.90. The company has a market capitalization of $52.60 billion, a PE ratio of 15.64, a PEG ratio of 0.26 and a beta of 0.51.

JD.com (NASDAQ:JD - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The information services provider reported $5.30 earnings per share for the quarter, topping the consensus estimate of $0.56 by $4.74. The firm had revenue of $306.08 billion for the quarter, compared to analysts' expectations of $300.21 billion. JD.com had a net margin of 2.22% and a return on equity of 10.87%. The business's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 EPS. As a group, research analysts anticipate that JD.com, Inc. will post 2.85 earnings per share for the current fiscal year.

JD.com Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, April 29th. Shareholders of record on Friday, April 5th were issued a $0.74 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a yield of 2.99%. JD.com's dividend payout ratio is currently 34.74%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JD. China Universal Asset Management Co. Ltd. grew its stake in JD.com by 146.3% in the third quarter. China Universal Asset Management Co. Ltd. now owns 1,754 shares of the information services provider's stock worth $51,000 after purchasing an additional 1,042 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider's stock worth $52,000 after purchasing an additional 1,681 shares during the period. Mizuho Securities Co. Ltd. boosted its position in JD.com by 468.8% in the 3rd quarter. Mizuho Securities Co. Ltd. now owns 1,820 shares of the information services provider's stock worth $53,000 after purchasing an additional 1,500 shares in the last quarter. Hexagon Capital Partners LLC acquired a new position in shares of JD.com in the first quarter worth about $58,000. Finally, Spire Wealth Management raised its holdings in JD.com by 81.3% in the 3rd quarter. Spire Wealth Management now owns 2,166 shares of the information services provider's stock worth $63,000 after purchasing an additional 971 shares during the period. Hedge funds and other institutional investors own 15.98% of the company's stock.

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.