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

Key Points

• JD.com shares fell below their 50-day moving average, trading as low as $26.56 versus the $28.19 average, and last changing hands at $26.78.
• Analyst sentiment remains generally positive but has softened: the consensus rating is “Moderate Buy” with a $35.58 price target, while Zacks Research downgraded the stock to “Hold” and Bank of America lowered its target to $37.
• 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)'s stock price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $28.19 and traded as low as $26.56. JD.com shares last traded at $26.78, with a volume of 8,944,648 shares changing hands.

Analyst Ratings Changes

Several analysts recently issued reports on JD shares. Zacks Research lowered JD.com from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. Bank of America reduced their price target on JD.com from $38.00 to $37.00 and set a "buy" rating for the company in a research report on Tuesday. Daiwa Securities Group restated a "hold" rating and issued a $27.00 price target on shares of JD.com in a research note on Tuesday, June 23rd. Mizuho set a $39.00 price target on JD.com in a research report on Friday, August 14th. Finally, Arete Research set a $30.00 price objective on JD.com and gave the stock a "neutral" rating in a research note on Monday, September 7th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.58.

JD.com Trading Up 0.2%

The business's 50-day moving average price is $28.19 and its 200 day moving average price is $29.01. The company has a market cap of $33.43 billion, a P/E ratio of 18.60 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.

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

Institutional Trading of JD.com

A number of hedge funds have recently made changes to their positions in JD. Quintet Private Bank Europe S.A. lifted its holdings in JD.com by 5.8% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 8,263 shares of the information services provider's stock valued at $220,000 after purchasing an additional 450 shares during the last quarter. QRG Capital Management Inc. boosted its position in JD.com by 12.2% during the second quarter. QRG Capital Management Inc. now owns 32,705 shares of the information services provider's stock worth $833,000 after purchasing an additional 3,544 shares during the period. Tidal Investments LLC increased its holdings in shares of JD.com by 109.1% in the second quarter. Tidal Investments LLC now owns 382,838 shares of the information services provider's stock valued at $9,755,000 after purchasing an additional 199,724 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of JD.com in the second quarter valued at $124,000. Finally, Nykredit A S bought a new position in shares of JD.com in the second quarter valued at about $518,000. 15.98% of the stock is owned by institutional investors and hedge funds.

About JD.com

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.