JD.com (NASDAQ:JD) Stock Crosses Below 50 Day Moving Average on Analyst Downgrade

JD.com, Inc. (NASDAQ:JD) shares crossed below its 50 day moving average during trading on Tuesday after Arete Research downgraded the stock from a buy rating to a neutral rating. The stock has a 50 day moving average of $29.60 and traded as low as $27.44. Arete Research now has a $30.00 price target on the stock. JD.com shares last traded at $27.68, with a volume of 6,345,865 shares traded.

Several other brokerages also recently weighed in on JD. Sanford C. Bernstein reissued an “outperform” rating on shares of JD.com in a research note on Friday, August 14th. Mizuho set a $39.00 price target on shares of JD.com in a report on Friday, August 14th. Nomura increased their price objective on shares of JD.com from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Daiwa Securities Group reissued a “hold” rating and issued a $27.00 price objective on shares of JD.com in a research report on Tuesday, June 23rd. Finally, Zacks Research downgraded shares of JD.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Eight 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.25.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Binnacle Investments Inc lifted its holdings in JD.com by 365.8% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock valued at $26,000 after buying an additional 589 shares in the last quarter. Root Financial Partners LLC grew its stake in JD.com by 1,020.0% in the 4th quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock worth $32,000 after acquiring an additional 1,020 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of JD.com by 191.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock worth $36,000 after acquiring an additional 815 shares during the period. EFG International AG purchased a new position in shares of JD.com during the fourth quarter worth approximately $36,000. Finally, Inspire Investing LLC bought a new stake in shares of JD.com during the fourth quarter valued at approximately $38,000. 15.98% of the stock is currently owned by institutional investors.

JD.com Stock Up 0.1%

The company has a quick ratio of 0.82, a current ratio of 1.14 and a debt-to-equity ratio of 0.19. The stock has a market cap of $33.73 billion, a P/E ratio of 18.76 and a beta of 0.35. The company’s 50 day moving average price is $29.62 and its two-hundred day moving average price is $29.11.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Thursday, August 13th. The information services provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.07. The company had revenue of $50.99 billion for the quarter, compared to analysts’ expectations 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 was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.97 earnings per share. As a group, research analysts expect that JD.com, Inc. will post 2.83 earnings per share for the current year.

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.