JD.com (NASDAQ:JD) Trading Down 2.1% - Time to Sell?

Shares of JD.com, Inc. (NASDAQ:JD - Get Free Report) dropped 2.1% on Tuesday . The company traded as low as $33.30 and last traded at $33.34. Approximately 10,281,332 shares changed hands during trading, a decline of 27% from the average daily volume of 14,151,595 shares. The stock had previously closed at $34.06.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Macquarie restated a "neutral" rating and issued a $35.00 target price on shares of JD.com in a research note on Wednesday. Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. Dbs Bank raised shares of JD.com to a "strong-buy" rating in a research report on Wednesday, February 12th. Bank of America lowered their price target on shares of JD.com from $51.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, StockNews.com lowered shares of JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $49.27.

JD.com Trading Up 0.2 %

The firm has a market capitalization of $51.30 billion, a PE ratio of 10.29, a P/E/G ratio of 0.31 and a beta of 0.53. The firm has a 50 day simple moving average of $39.34 and a 200 day simple moving average of $38.51. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

JD.com Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be given a $0.76 dividend. This is a positive change from JD.com's previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. This represents a yield of 1.7%. JD.com's payout ratio is 26.13%.

Hedge Funds Weigh In On JD.com

Hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers grew its position in JD.com by 1.7% during the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider's stock valued at $561,000 after buying an additional 265 shares during the period. Parallel Advisors LLC grew its position in shares of JD.com by 5.9% during the 1st quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider's stock valued at $223,000 after acquiring an additional 304 shares during the period. Farther Finance Advisors LLC increased its stake in shares of JD.com by 23.7% in the 1st quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider's stock worth $66,000 after purchasing an additional 308 shares in the last quarter. Lakeshore Capital Group Inc. raised its holdings in JD.com by 2.4% in the 1st quarter. Lakeshore Capital Group Inc. now owns 13,522 shares of the information services provider's stock worth $556,000 after purchasing an additional 322 shares during the period. Finally, Quintet Private Bank Europe S.A. lifted its position in JD.com by 4.5% during the fourth quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider's stock valued at $271,000 after purchasing an additional 334 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

About JD.com

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.