JD.com (NASDAQ:JD) Shares Down 3.3% - Here's What Happened

Shares of JD.com, Inc. (NASDAQ:JD - Get Free Report) traded down 3.3% during mid-day trading on Wednesday . The stock traded as low as $31.53 and last traded at $31.64. 3,816,904 shares were traded during trading, a decline of 73% from the average session volume of 13,913,891 shares. The stock had previously closed at $32.70.

Analysts Set New Price Targets

JD has been the subject of several research analyst reports. Arete Research upgraded shares of JD.com to a "hold" rating in a research report on Tuesday, June 24th. Bank of America cut their price target on shares of JD.com from $51.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Macquarie reaffirmed a "neutral" rating and issued a $35.00 target price on shares of JD.com in a research note on Wednesday, April 23rd. Arete downgraded JD.com from a "buy" rating to a "neutral" rating and set a $45.00 price target for the company. in a report on Tuesday, June 24th. Finally, Benchmark reduced their price target on shares of JD.com from $58.00 to $53.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $46.23.

JD.com Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.92. The stock has a 50-day simple moving average of $33.27 and a 200 day simple moving average of $36.71. The company has a market capitalization of $49.99 billion, a PE ratio of 7.71, a P/E/G ratio of 1.15 and a beta of 0.48.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of JD.com in the fourth quarter valued at approximately $270,000. Jones Financial Companies Lllp lifted its position in JD.com by 32.8% in the 4th quarter. Jones Financial Companies Lllp now owns 12,347 shares of the information services provider's stock valued at $428,000 after acquiring an additional 3,050 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of JD.com by 91.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,156 shares of the information services provider's stock worth $75,000 after buying an additional 1,031 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of JD.com by 46.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,432,970 shares of the information services provider's stock worth $84,351,000 after purchasing an additional 771,613 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in JD.com in the 4th quarter valued at approximately $2,363,000. Institutional investors and hedge funds own 15.98% of the company's stock.

JD.com Company Profile

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.

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