JD.com (NASDAQ:JD) Stock Price Down 3.3% - Should You Sell?

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on JD shares. Macquarie reiterated a "neutral" rating and set a $35.00 target price on shares of JD.com in a research report on Wednesday, April 23rd. Wall Street Zen cut shares of JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Citigroup restated a "buy" rating and set a $51.00 target price (down from $56.00) on shares of JD.com in a research note on Monday, April 28th. Mizuho reduced their target price on JD.com from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Wednesday, May 14th. Finally, Bank of America decreased their price target on JD.com from $51.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, JD.com presently has an average rating of "Moderate Buy" and a consensus price target of $45.31.

JD.com Trading Down 1.2%

The firm has a market capitalization of $49.24 billion, a PE ratio of 7.60, a price-to-earnings-growth ratio of 1.14 and a beta of 0.48. The company has a quick ratio of 0.92, a current ratio of 1.26 and a debt-to-equity ratio of 0.18. The firm's 50-day simple moving average is $33.25 and its 200-day simple moving average is $36.67.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of JD.com during the 4th quarter valued at $270,000. Steward Partners Investment Advisory LLC boosted its position in shares of JD.com by 91.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,156 shares of the information services provider's stock worth $75,000 after purchasing an additional 1,031 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of JD.com in the fourth quarter worth $2,363,000. PNC Financial Services Group Inc. raised its position in shares of JD.com by 5.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 55,176 shares of the information services provider's stock valued at $1,913,000 after purchasing an additional 2,751 shares during the period. Finally, Amundi boosted its holdings in JD.com by 56.3% in the 4th quarter. Amundi now owns 834,307 shares of the information services provider's stock worth $28,967,000 after buying an additional 300,517 shares during the period. 15.98% of the stock is owned by hedge funds and other 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.