JD.com (NASDAQ:JD) Sets New 52-Week Low – Here’s What Happened

JD.com, Inc. (NASDAQ:JD)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $26.95 and last traded at $27.33, with a volume of 6222424 shares changing hands. The stock had previously closed at $27.14.

Wall Street Analyst Weigh In

A number of analysts have weighed in on JD shares. Weiss Ratings reissued a “hold (c-)” rating on shares of JD.com in a report on Monday, December 29th. Susquehanna reaffirmed a “neutral” rating on shares of JD.com in a report on Monday, November 24th. Zacks Research cut JD.com from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Nomura cut their target price on JD.com from $43.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, November 17th. Finally, Arete Research set a $32.00 price target on shares of JD.com in a research note on Tuesday, December 9th. Eleven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, JD.com has a consensus rating of “Moderate Buy” and an average target price of $38.71.

JD.com Stock Performance

The stock’s 50 day simple moving average is $28.81 and its two-hundred day simple moving average is $31.01. The company has a market capitalization of $39.27 billion, a P/E ratio of 8.88, a P/E/G ratio of 5.84 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.20 and a quick ratio of 0.88.

Institutional Trading of JD.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dodge & Cox grew its position in shares of JD.com by 0.5% during the 3rd quarter. Dodge & Cox now owns 18,792,249 shares of the information services provider’s stock worth $657,353,000 after buying an additional 86,300 shares during the period. Discerene Group LP raised its position in shares of JD.com by 11.8% during the second quarter. Discerene Group LP now owns 6,210,851 shares of the information services provider’s stock worth $202,722,000 after purchasing an additional 656,000 shares during the period. Marshall Wace LLP boosted its holdings in shares of JD.com by 48.9% in the second quarter. Marshall Wace LLP now owns 5,335,961 shares of the information services provider’s stock valued at $174,166,000 after buying an additional 1,753,236 shares during the period. SIH Partners LLLP boosted its stake in JD.com by 74.1% in the 4th quarter. SIH Partners LLLP now owns 4,991,448 shares of the information services provider’s stock worth $143,255,000 after purchasing an additional 2,125,212 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of JD.com by 4.0% in the 2nd quarter. Federated Hermes Inc. now owns 4,551,070 shares of the information services provider’s stock valued at $148,547,000 after purchasing an additional 177,000 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

About JD.com

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.