JD.com (NASDAQ:JD) Hits New 52-Week Low – Time to Sell?

Shares of JD.com, Inc. (NASDAQ:JD) reached a new 52-week low on Thursday . The stock traded as low as $26.68 and last traded at $26.8870, with a volume of 1988295 shares. The stock had previously closed at $27.54.

Analyst Ratings Changes

A number of research firms have weighed in on JD. Bank of America reduced their target price on JD.com from $38.00 to $36.00 and set a “buy” rating for the company in a report on Monday, January 26th. Zacks Research cut JD.com from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Arete Research set a $32.00 target price on JD.com in a report on Tuesday, December 9th. Nomura decreased their price objective on JD.com from $43.00 to $37.00 and set a “buy” rating for the company in a report on Monday, November 17th. Finally, Morgan Stanley lowered their target price on shares of JD.com from $28.00 to $24.00 and set an “underweight” rating for the company in a report on Wednesday, January 14th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.46.

JD.com Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.20 and a quick ratio of 0.88. The business’s 50 day moving average price is $28.61 and its 200 day moving average price is $30.83. The stock has a market capitalization of $38.01 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 5.78 and a beta of 0.41.

Institutional Trading of JD.com

Large investors have recently modified their holdings of the company. Binnacle Investments Inc grew its holdings in JD.com by 365.8% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 589 shares during the last quarter. Root Financial Partners LLC lifted its position in shares of JD.com by 1,020.0% during the fourth quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock valued at $32,000 after buying an additional 1,020 shares during the last quarter. Stone House Investment Management LLC purchased a new position in shares of JD.com during the 3rd quarter valued at about $35,000. Caitong International Asset Management Co. Ltd increased its holdings in JD.com by 191.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock valued at $36,000 after buying an additional 815 shares in the last quarter. Finally, EFG International AG purchased a new stake in shares of JD.com in the fourth quarter valued at approximately $36,000. Institutional investors own 15.98% of the company’s stock.

JD.com Company Profile

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.