JD.com (NASDAQ:JD) Shares Pass Below 50-Day Moving Average - Here's Why

Key Points

• JD.com shares fell below their 50-day moving average, trading as low as $26.70 versus the $29.56 average, before last trading at $27.28.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $35.25, despite Susquehanna and Zacks Research downgrading their views.
• JD.com beat quarterly earnings and revenue expectations, reporting $0.93 in EPS and $50.99 billion in revenue, though revenue declined 2.9% year over year and net margin was just 1.13%.

JD.com, Inc. (NASDAQ:JD - Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $29.56 and traded as low as $26.70. JD.com shares last traded at $27.28, with a volume of 6,451,706 shares.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Sanford C. Bernstein reiterated an "outperform" rating on shares of JD.com in a report on Friday, August 14th. Susquehanna dropped their target price on JD.com from $35.00 to $30.00 and set a "neutral" rating on the stock in a research note 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. Mizuho set a $39.00 price target on JD.com in a research note on Friday, August 14th. Finally, Zacks Research lowered JD.com from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $35.25.

JD.com Trading Up 1.3%

The company has a current ratio of 1.14, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The firm has a market cap of $34.05 billion, a price-to-earnings ratio of 18.94 and a beta of 0.35. The company has a fifty day moving average price of $29.56 and a 200-day moving average price of $29.12.

JD.com (NASDAQ:JD - Get Free Report) last posted its 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. The firm had revenue of $50.99 billion for the quarter, compared to analyst estimates of $50.38 billion. JD.com had a return on equity of 6.78% and a net margin of 1.13%.JD.com's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the company earned $4.97 earnings per share. As a group, research analysts expect that JD.com, Inc. will post 2.98 EPS for the current year.

Institutional Trading of JD.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Pacific Financial increased its position in shares of JD.com by 2.9% in the first quarter. First Pacific Financial now owns 14,210 shares of the information services provider's stock valued at $420,000 after buying an additional 395 shares in the last quarter. Texas Yale Capital Corp. grew its stake in JD.com by 2.9% in the 4th quarter. Texas Yale Capital Corp. now owns 14,008 shares of the information services provider's stock valued at $402,000 after acquiring an additional 400 shares during the period. Anchyra Partners LLC increased its holdings in JD.com by 5.8% in the 1st quarter. Anchyra Partners LLC now owns 7,413 shares of the information services provider's stock worth $219,000 after acquiring an additional 404 shares in the last quarter. Allworth Financial LP increased its holdings in JD.com by 24.3% in the 4th quarter. Allworth Financial LP now owns 2,275 shares of the information services provider's stock worth $65,000 after acquiring an additional 445 shares in the last quarter. Finally, Main Management ETF Advisors LLC raised its position in JD.com by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 46,980 shares of the information services provider's stock worth $1,348,000 after acquiring an additional 480 shares during the period. Institutional investors and hedge funds own 15.98% of the company's stock.

About JD.com

JD.com, Inc NASDAQ: JD is a China-based technology and e-commerce company that operates an online retail platform serving consumers and businesses. The company sells a broad range of products, including electronics and appliances, general merchandise, groceries, apparel, household goods, and healthcare products. It offers both products sourced directly from suppliers and merchandise sold by third-party merchants through its marketplace.

Founded by Richard Qiangdong Liu in 1998, JD.com initially focused on selling consumer electronics and launched its online retail business in 2004.

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