JD.com (NASDAQ:JD) Hits New 1-Year Low – Here’s What Happened

JD.com, Inc. (NASDAQ:JD)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $27.02 and last traded at $27.2250, with a volume of 6743902 shares changing hands. The stock had previously closed at $28.27.

Analyst Upgrades and Downgrades

JD has been the subject of several recent analyst reports. Benchmark lowered their price target on JD.com from $42.00 to $38.00 and set a “buy” rating for the company in a report on Friday, November 14th. Morgan Stanley decreased their target price on shares of JD.com from $28.00 to $24.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 14th. Nomura dropped their price target on shares of JD.com from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, November 17th. Susquehanna reaffirmed a “neutral” rating on shares of JD.com in a research note on Monday, November 24th. Finally, Citigroup decreased their price target on shares of JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, January 2nd. Eleven analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.71.

JD.com Trading Down 2.7%

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 simple moving average is $29.10 and its two-hundred day simple moving average is $31.19. The stock has a market capitalization of $39.42 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 6.07 and a beta of 0.41.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, November 13th. The information services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.08. The company had revenue of $41.98 billion during the quarter, compared to analyst estimates of $40.87 billion. JD.com had a net margin of 2.46% and a return on equity of 10.99%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.68 earnings per share. On average, research analysts anticipate that JD.com, Inc. will post 3.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Channing Global Advisors LLC raised its holdings in shares of JD.com by 1.9% during the 3rd quarter. Channing Global Advisors LLC now owns 17,291 shares of the information services provider’s stock valued at $605,000 after buying an additional 321 shares during the period. SBI Securities Co. Ltd. grew its position in JD.com by 3.8% in the second quarter. SBI Securities Co. Ltd. now owns 8,876 shares of the information services provider’s stock valued at $290,000 after acquiring an additional 324 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of JD.com by 0.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,912 shares of the information services provider’s stock valued at $1,633,000 after purchasing an additional 354 shares during the period. Aaron Wealth Advisors LLC raised its stake in shares of JD.com by 6.0% during the third quarter. Aaron Wealth Advisors LLC now owns 6,630 shares of the information services provider’s stock valued at $232,000 after purchasing an additional 374 shares during the period. Finally, Assetmark Inc. lifted its position in shares of JD.com by 62.0% during the third quarter. Assetmark Inc. now owns 1,043 shares of the information services provider’s stock worth $36,000 after purchasing an additional 399 shares in the last quarter. Institutional investors and hedge funds 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.