JD.com (NASDAQ:JD) Stock Price Down 0.3% – Should You Sell?

JD.com, Inc. (NASDAQ:JD) fell 0.3% on Friday . The company traded as low as $41.91 and last traded at $43.10. 3,809,796 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 15,045,490 shares. The stock had previously closed at $43.22.

Wall Street Analyst Weigh In

A number of equities analysts have commented on JD shares. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 8th. Susquehanna reissued a “neutral” rating and issued a $28.00 target price on shares of JD.com in a research note on Monday, August 19th. Benchmark dropped their price target on JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Barclays reduced their price objective on JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Finally, Sanford C. Bernstein dropped their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, August 16th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.93.

JD.com Stock Performance

The business’s fifty day moving average price is $30.96 and its 200-day moving average price is $29.38. The stock has a market cap of $69.12 billion, a PE ratio of 20.01, a P/E/G ratio of 0.65 and a beta of 0.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. The firm had revenue of $291.40 billion for the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the business posted $0.68 EPS. As a group, equities research analysts forecast that JD.com, Inc. will post 3.75 EPS for the current fiscal year.

Institutional Trading of JD.com

Hedge funds have recently bought and sold shares of the stock. FIL Ltd raised its position in shares of JD.com by 124.3% during the 4th quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock valued at $179,423,000 after purchasing an additional 3,441,605 shares during the period. Discerene Group LP boosted its stake in shares of JD.com by 66.0% in the first quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after acquiring an additional 2,207,619 shares during the period. Lazard Asset Management LLC raised its stake in JD.com by 30.7% during the 1st quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock valued at $159,461,000 after purchasing an additional 1,368,356 shares during the period. M&G Plc purchased a new position in JD.com in the 1st quarter worth approximately $22,920,000. Finally, Varma Mutual Pension Insurance Co boosted its stake in JD.com by 285.0% in the 2nd quarter. Varma Mutual Pension Insurance Co now owns 946,300 shares of the information services provider’s stock worth $24,452,000 after purchasing an additional 700,500 shares during the period. Institutional investors own 15.98% of the company’s stock.

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.