JD.com (NASDAQ:JD) Stock Crosses Below 50 Day Moving Average – Here’s Why

JD.com, Inc. (NASDAQ:JD) shares passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $28.19 and traded as low as $26.56. JD.com shares last traded at $26.78, with a volume of 8,944,648 shares changing hands.

Wall Street Analysts Forecast Growth

JD has been the topic of several research analyst reports. Bank of America lowered their price target on shares of JD.com from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday. Weiss Ratings upgraded JD.com from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. Daiwa Securities Group reaffirmed a “hold” rating and issued a $27.00 target price on shares of JD.com in a research report on Tuesday, June 23rd. Zacks Research downgraded JD.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a research note on Friday, August 14th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.58.

JD.com Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.14 and a quick ratio of 0.82. The stock’s 50-day moving average price is $28.19 and its 200-day moving average price is $29.01. The company has a market cap of $33.43 billion, a P/E ratio of 18.60 and a beta of 0.33.

JD.com (NASDAQ:JD) last released its quarterly 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 business had revenue of $50.99 billion for the quarter, compared to analyst estimates of $50.38 billion. During the same period last year, the firm earned $4.97 earnings per share. JD.com’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities analysts anticipate that JD.com, Inc. will post 2.98 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Quintet Private Bank Europe S.A. raised its position in shares of JD.com by 5.8% in the third quarter. Quintet Private Bank Europe S.A. now owns 8,263 shares of the information services provider’s stock valued at $220,000 after buying an additional 450 shares in the last quarter. QRG Capital Management Inc. grew its position in JD.com by 12.2% during the second quarter. QRG Capital Management Inc. now owns 32,705 shares of the information services provider’s stock worth $833,000 after buying an additional 3,544 shares in the last quarter. Tidal Investments LLC grew its position in JD.com by 109.1% during the second quarter. Tidal Investments LLC now owns 382,838 shares of the information services provider’s stock worth $9,755,000 after buying an additional 199,724 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in JD.com during the 2nd quarter worth $124,000. Finally, Nykredit A S bought a new position in JD.com during the 2nd quarter worth $518,000. 15.98% of the stock is owned by institutional investors.

About JD.com

JD.com, Inc (NASDAQ: JD) is a technology and e-commerce company headquartered in Beijing, China. The company operates an online retail platform offering consumer electronics, home appliances, general merchandise, apparel, groceries, fresh food, healthcare products and other goods. Its business serves consumers, brands, merchants and enterprise customers through direct sales and marketplace services.

Founded by Richard Liu in 1998, JD.com began as a retailer of electronic products and expanded into a broad-based commerce platform.