JD.com (NASDAQ:JD) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

JD.com, Inc. (NASDAQ:JD)’s stock price crossed 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.

Analysts Set New Price Targets

JD has been the subject of several analyst reports. Weiss Ratings raised shares of JD.com from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. Bank of America decreased their price objective on shares of JD.com from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday. Daiwa Securities Group restated a “hold” rating and issued a $27.00 price objective on shares of JD.com in a research report on Tuesday, June 23rd. Benchmark reaffirmed a “buy” rating on shares of JD.com in a research note on Friday, August 14th. Finally, Mizuho set a $39.00 target price on shares of JD.com in a report on Friday, August 14th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, JD.com has an average rating of “Moderate Buy” and a consensus target price of $35.33.

JD.com Trading Up 2.7%

The stock’s 50-day simple moving average is $27.97 and its 200-day simple moving average is $28.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 1.14. The firm has a market capitalization of $34.19 billion, a PE ratio of 13.97 and a beta of 0.33.

JD.com (NASDAQ:JD) last announced its earnings results on Thursday, August 13th. The information services provider reported $0.93 earnings per share for the quarter, beating 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 firm had revenue of $50.99 billion for the quarter, compared to analyst estimates of $50.38 billion. During the same quarter in the previous year, the firm posted $4.97 EPS. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, sell-side analysts expect that JD.com, Inc. will post 2.98 EPS for the current fiscal year.

Institutional Investors Weigh In On JD.com

Several hedge funds have recently bought and sold shares of JD. SG Americas Securities LLC grew its holdings in shares of JD.com by 139.0% during the first quarter. SG Americas Securities LLC now owns 4,334,816 shares of the information services provider’s stock valued at $128,181,000 after buying an additional 2,521,045 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of JD.com by 20.2% in the second quarter. Handelsbanken Fonder AB now owns 477,000 shares of the information services provider’s stock worth $12,154,000 after acquiring an additional 80,000 shares during the period. KBC Group NV grew its stake in shares of JD.com by 78.8% during the 1st quarter. KBC Group NV now owns 459,316 shares of the information services provider’s stock valued at $13,582,000 after purchasing an additional 202,488 shares during the period. 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 valued at $9,755,000 after buying an additional 199,724 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of JD.com in the 1st quarter worth $7,537,000. Institutional investors own 15.98% of the company’s stock.

JD.com Company Profile

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.