JD.com (NASDAQ:JD) Stock Crosses Above 200-Day Moving Average – Time to Sell?

JD.com, Inc. (NASDAQ:JD) shares crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $28.54 and traded as high as $29.00. JD.com shares last traded at $28.64, with a volume of 16,815,203 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on JD shares. Arete Research cut shares of JD.com from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research note on Monday, September 7th. Bank of America decreased their target price on shares of JD.com from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, October 13th. Benchmark restated a “buy” rating on shares of JD.com in a report on Friday, August 14th. Zacks Research lowered JD.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings lowered JD.com from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, October 21st. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.33.

JD.com Trading Up 1.6%

The stock has a market capitalization of $36.34 billion, a price-to-earnings ratio of 20.22 and a beta of 0.30. The company’s 50-day moving average is $26.88 and its 200-day moving average is $28.55. The company has a quick ratio of 0.82, a current ratio of 1.14 and a debt-to-equity ratio of 0.19.

JD.com (NASDAQ:JD) last issued its earnings results on Thursday, August 13th. The information services provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. JD.com had a net margin of 1.13% and a return on equity of 6.78%. The company had revenue of $50.99 billion for the quarter, compared to the consensus estimate of $50.38 billion. During the same period in the previous year, the firm earned $4.97 earnings per share. JD.com’s quarterly revenue was down 2.9% compared to the same quarter last year. Research analysts anticipate that JD.com, Inc. will post 2.90 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. increased its stake in JD.com by 2.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 8,356,490 shares of the information services provider’s stock worth $222,283,000 after acquiring an additional 235,034 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of JD.com by 20.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 477,000 shares of the information services provider’s stock valued at $12,154,000 after purchasing an additional 80,000 shares during the last quarter. KBC Group NV grew its holdings in shares of JD.com by 78.8% during the 1st quarter. KBC Group NV now owns 459,316 shares of the information services provider’s stock worth $13,582,000 after purchasing an additional 202,488 shares during the period. Aberdeen Group plc grew its holdings in shares of JD.com by 1,280.1% during the 3rd quarter. Aberdeen Group plc now owns 389,163 shares of the information services provider’s stock worth $10,352,000 after purchasing an additional 360,964 shares during the period. Finally, Tidal Investments LLC grew its holdings in shares of JD.com by 109.1% during the 2nd quarter. Tidal Investments LLC now owns 382,838 shares of the information services provider’s stock worth $9,755,000 after purchasing an additional 199,724 shares during the period. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

JD.com Company Profile

JD.com, Inc is a China-based technology and e-commerce company that operates an online retail platform. It sells a broad range of products, including electronics, home appliances, apparel, groceries and household goods, through direct sales and marketplace services that connect customers with third-party merchants.

The company also provides logistics and supply-chain services through its JD Logistics business, including warehousing, delivery and fulfillment for JD.com and other businesses.