JD.com (NASDAQ:JD) Stock Passes Below Fifty Day Moving Average – Should You Sell?

JD.com, Inc. (NASDAQ:JD) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $29.60 and traded as low as $27.44. JD.com shares last traded at $27.68, with a volume of 6,345,865 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently commented on JD. Morgan Stanley raised their price target on JD.com from $25.00 to $27.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 13th. Barclays cut their price objective on JD.com from $43.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. Weiss Ratings raised JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 13th. Sanford C. Bernstein restated an “outperform” rating on shares of JD.com in a report on Friday, August 14th. Finally, Nomura lifted their target price on JD.com from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.25.

JD.com Price Performance

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 company has a market cap of $34.55 billion, a PE ratio of 19.22 and a beta of 0.35. The company’s 50-day simple moving average is $29.60 and its 200 day simple moving average is $29.12.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, August 13th. The information services provider reported $0.93 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $50.38 billion. During the same quarter in the previous year, the firm posted $4.97 earnings per share. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts predict that JD.com, Inc. will post 2.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JD.com

Several large investors have recently bought and sold shares of JD. SIH Partners LLLP raised its position in JD.com by 74.1% in the 4th quarter. SIH Partners LLLP now owns 4,991,448 shares of the information services provider’s stock valued at $143,255,000 after purchasing an additional 2,125,212 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of 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 buying an additional 2,521,045 shares during the period. North of South Capital LLP grew its position in shares of JD.com by 4.4% during the fourth quarter. North of South Capital LLP now owns 4,253,012 shares of the information services provider’s stock worth $122,061,000 after buying an additional 180,081 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of JD.com by 15.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,250,324 shares of the information services provider’s stock worth $121,984,000 after buying an additional 562,894 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of JD.com by 15.9% during the fourth quarter. Federated Hermes Inc. now owns 2,619,476 shares of the information services provider’s stock worth $75,179,000 after buying an additional 359,103 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

About JD.com

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.