JD.com (NASDAQ:JD) Shares Cross Below Fifty Day Moving Average on Analyst Downgrade

JD.com, Inc. (NASDAQ:JD)’s share price passed below its 50-day moving average during trading on Tuesday after Arete Research downgraded the stock from a buy rating to a neutral rating. The stock has a 50-day moving average of $29.60 and traded as low as $27.44. Arete Research now has a $30.00 price target on the stock. JD.com shares last traded at $27.68, with a volume of 6,345,865 shares traded.

JD has been the subject of several other reports. Sanford C. Bernstein restated an “outperform” rating on shares of JD.com in a report on Friday, August 14th. Nomura boosted their price target on shares of JD.com from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Weiss Ratings raised JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. Mizuho set a $39.00 price target on JD.com in a research report on Friday, August 14th. Finally, Barclays reduced their price objective on shares of JD.com from $43.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $35.25.

Institutional Trading of JD.com

A number of hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC lifted its stake in shares of JD.com by 139.0% during the 1st quarter. SG Americas Securities LLC now owns 4,334,816 shares of the information services provider’s stock worth $128,181,000 after acquiring an additional 2,521,045 shares during the last quarter. SIH Partners LLLP grew its holdings in JD.com by 74.1% during the 4th quarter. SIH Partners LLLP now owns 4,991,448 shares of the information services provider’s stock worth $143,255,000 after acquiring an additional 2,125,212 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in JD.com by 1,172.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,636 shares of the information services provider’s stock worth $35,434,000 after buying an additional 1,137,592 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of JD.com by 197.2% during the 4th quarter. HighTower Advisors LLC now owns 1,384,810 shares of the information services provider’s stock worth $39,744,000 after purchasing an additional 918,880 shares during the last quarter. Finally, L1 Capital Pty Ltd bought a new stake in shares of JD.com in the 4th quarter valued at about $20,959,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Stock Performance

The company has a quick ratio of 0.82, a current ratio of 1.14 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $33.73 billion, a price-to-earnings ratio of 18.76 and a beta of 0.35. The business has a 50-day moving average price of $29.62 and a 200-day moving average price of $29.11.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Thursday, August 13th. The information services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. JD.com had a net margin of 1.13% and a return on equity of 6.78%. The firm had revenue of $50.99 billion for the quarter, compared to the consensus estimate of $50.38 billion. During the same quarter in the prior year, the company posted $4.97 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, sell-side analysts forecast that JD.com, Inc. will post 2.83 earnings per share for the current year.

About JD.com

JD.com, Inc (NASDAQ: JD) is a China-based technology and e-commerce company that operates an online retail platform serving consumers and businesses. The company sells a broad range of products, including electronics and appliances, general merchandise, groceries, apparel, household goods, and healthcare products. It offers both products sourced directly from suppliers and merchandise sold by third-party merchants through its marketplace.

Founded by Richard Qiangdong Liu in 1998, JD.com initially focused on selling consumer electronics and launched its online retail business in 2004.