JD.com (NASDAQ:JD) Share Price Breaks Below 50 Day Moving Average - Here's What Happened

Key Points

• JD.com shares fell below their 50-day moving average of $28.88, reaching $26.07 before closing at $26.36 on elevated volume.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus and an average price target of $35.25, although Susquehanna and Barclays recently lowered their targets.
• JD.com beat quarterly earnings and revenue expectations, reporting $0.93 in EPS and $50.99 billion in revenue, but revenue declined 2.9% year over year and net margin was just 1.13%.

Shares of JD.com, Inc. (NASDAQ:JD - Get Free Report) passed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $28.88 and traded as low as $26.07. JD.com shares last traded at $26.36, with a volume of 7,339,357 shares traded.

Analysts Set New Price Targets

JD has been the subject of a number of research reports. Susquehanna lowered their price target on JD.com from $35.00 to $30.00 and set a "neutral" rating for the company in a report on Monday, August 17th. Weiss Ratings raised JD.com from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, July 13th. Barclays cut their price target on JD.com from $43.00 to $41.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 15th. Benchmark reiterated a "buy" rating on shares of JD.com in a report on Friday, August 14th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of JD.com in a research report on Friday, August 14th. 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $35.25.

JD.com Price Performance

The firm has a market capitalization of $32.90 billion, a PE ratio of 18.31 and a beta of 0.33. 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 stock has a fifty day moving average price of $28.88 and a 200-day moving average price of $29.06.

JD.com (NASDAQ:JD - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The information services provider reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.07. JD.com had a return on equity of 6.78% and a net margin of 1.13%.The firm had revenue of $50.99 billion during the quarter, compared to analysts' expectations of $50.38 billion. During the same period in the prior year, the business posted $4.97 EPS. The firm's quarterly revenue was down 2.9% on a year-over-year basis. Sell-side analysts forecast that JD.com, Inc. will post 2.98 EPS for the current fiscal year.

Institutional Trading of JD.com

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC raised its stake in shares of JD.com by 139.0% during the 1st quarter. SG Americas Securities LLC now owns 4,334,816 shares of the information services provider's stock worth $128,181,000 after acquiring an additional 2,521,045 shares in the last quarter. L1 Capital Pty Ltd acquired a new stake in JD.com in the fourth quarter valued at approximately $20,959,000. NFJ Investment Group LLC boosted its stake in JD.com by 61.8% in the fourth quarter. NFJ Investment Group LLC now owns 699,518 shares of the information services provider's stock valued at $20,076,000 after acquiring an additional 267,159 shares in the last quarter. KBC Group NV grew its holdings in JD.com by 78.8% in the first quarter. KBC Group NV now owns 459,316 shares of the information services provider's stock worth $13,582,000 after purchasing an additional 202,488 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in 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 purchasing an additional 80,000 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

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.

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