JD.com (NASDAQ:JD) Stock Price Down 4.7% – Time to Sell?

JD.com, Inc. (NASDAQ:JD) shares fell 4.7% during mid-day trading on Tuesday . The company traded as low as $31.88 and last traded at $31.9040. Approximately 1,313,530 shares traded hands during trading, a decline of 86% from the average session volume of 9,499,672 shares. The stock had previously closed at $33.47.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on JD shares. Morgan Stanley upped their price objective on shares of JD.com from $25.00 to $27.00 and gave the company an “underweight” rating in a report on Wednesday, May 13th. Nomura raised their target price on shares of JD.com from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Zacks Research upgraded shares of JD.com from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Wall Street Zen raised shares of JD.com from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Finally, Susquehanna increased their price target on JD.com from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.42.

JD.com Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 0.87. The stock has a fifty day simple moving average of $29.12 and a 200-day simple moving average of $29.06. The company has a market capitalization of $39.46 billion, a price-to-earnings ratio of 24.70 and a beta of 0.38.

JD.com (NASDAQ:JD) last issued its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 EPS for the quarter. The business had revenue of $45.79 billion for the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. On average, equities research analysts anticipate that JD.com, Inc. will post 2.78 EPS for the current year.

Institutional Trading of JD.com

A number of hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of JD.com in the fourth quarter worth about $270,000. Empowered Funds LLC grew its position in shares of JD.com by 35.5% during the 1st quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider’s stock valued at $800,000 after acquiring an additional 5,099 shares during the period. Focus Partners Wealth grew its position in shares of JD.com by 36.5% during the 1st quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider’s stock valued at $1,184,000 after acquiring an additional 7,701 shares during the period. First Trust Advisors LP increased its stake in shares of JD.com by 26.2% in the 2nd quarter. First Trust Advisors LP now owns 136,672 shares of the information services provider’s stock valued at $4,461,000 after purchasing an additional 28,339 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in JD.com by 22.4% in the 2nd quarter. NewEdge Advisors LLC now owns 65,774 shares of the information services provider’s stock worth $2,147,000 after purchasing an additional 12,053 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

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.