JD.com (NASDAQ:JD) Shares Break Below Fifty Day Moving Average – What’s Next?

JD.com, Inc. (NASDAQ:JD) crossed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $28.88 and traded as low as $26.07. JD.com shares last traded at $26.36, with a volume of 7,339,357 shares changing hands.

Wall Street Analyst Weigh In

JD has been the topic of several analyst reports. Arete Research set a $30.00 target price on JD.com and gave the stock a “neutral” rating in a report on Monday, September 7th. Benchmark reaffirmed a “buy” rating on shares of JD.com in a research report on Friday, August 14th. Zacks Research cut JD.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Barclays cut their price objective on JD.com from $43.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of JD.com from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.25.

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 simple moving average is $28.67 and its 200 day simple moving average is $29.04. The stock has a market capitalization of $33.74 billion, a P/E ratio of 18.77 and a beta of 0.33.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Thursday, August 13th. The information services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.07. The company had revenue of $50.99 billion for the quarter, compared to analyst estimates of $50.38 billion. JD.com had a net margin of 1.13% and a return on equity of 6.78%. The company’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.97 earnings per share. Research analysts expect that JD.com, Inc. will post 2.98 EPS for the current fiscal year.

Institutional Investors Weigh In On JD.com

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in JD.com by 139.0% in the 1st quarter. SG Americas Securities LLC now owns 4,334,816 shares of the information services provider’s stock valued at $128,181,000 after purchasing an additional 2,521,045 shares during the period. L1 Capital Pty Ltd bought a new position in JD.com during the 4th quarter worth $20,959,000. NFJ Investment Group LLC lifted its holdings in shares of JD.com by 61.8% during the fourth quarter. NFJ Investment Group LLC now owns 699,518 shares of the information services provider’s stock worth $20,076,000 after buying an additional 267,159 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of JD.com during the first quarter worth $7,537,000. Finally, KBC Group NV boosted its position in shares of JD.com by 78.8% in the first quarter. KBC Group NV now owns 459,316 shares of the information services provider’s stock valued at $13,582,000 after acquiring an additional 202,488 shares during the period. Institutional investors own 15.98% of the company’s stock.

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.