JD.com (NASDAQ:JD) Sets New 12-Month Low – What’s Next?

JD.com, Inc. (NASDAQ:JD)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $27.02 and last traded at $27.2250, with a volume of 6743902 shares changing hands. The stock had previously closed at $28.27.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JD. Morgan Stanley cut their price target on JD.com from $28.00 to $24.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 14th. Nomura dropped their price target on shares of JD.com from $43.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, November 17th. Benchmark reduced their price objective on shares of JD.com from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $38.00 target price on shares of JD.com in a research report on Friday, November 14th. Finally, HSBC reissued a “buy” rating and issued a $37.00 price target on shares of JD.com in a research report on Monday, December 29th. Eleven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, JD.com has an average rating of “Moderate Buy” and an average target price of $38.71.

JD.com Trading Down 2.7%

The company has a 50 day simple moving average of $29.10 and a 200 day simple moving average of $31.19. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $39.42 billion, a PE ratio of 9.36, a P/E/G ratio of 6.07 and a beta of 0.41.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, November 13th. The information services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. JD.com had a return on equity of 10.99% and a net margin of 2.46%.The business had revenue of $41.98 billion for the quarter, compared to analyst estimates of $40.87 billion. During the same quarter in the previous year, the company posted $8.68 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. Analysts predict that JD.com, Inc. will post 3.91 earnings per share for the current fiscal year.

Institutional Trading of JD.com

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FengHe Fund Management Pte. Ltd. boosted its stake in shares of JD.com by 106.7% during the 3rd quarter. FengHe Fund Management Pte. Ltd. now owns 215,000 shares of the information services provider’s stock worth $7,521,000 after purchasing an additional 111,000 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of JD.com by 2.3% during the second quarter. Nordea Investment Management AB now owns 624,424 shares of the information services provider’s stock valued at $20,291,000 after buying an additional 13,755 shares during the period. FNY Investment Advisers LLC acquired a new stake in JD.com during the second quarter worth approximately $898,000. Creative Planning boosted its position in JD.com by 121.0% during the second quarter. Creative Planning now owns 378,068 shares of the information services provider’s stock worth $12,340,000 after acquiring an additional 206,985 shares during the last quarter. Finally, Monaco Asset Management SAM grew its stake in JD.com by 214.3% in the 2nd quarter. Monaco Asset Management SAM now owns 110,000 shares of the information services provider’s stock worth $3,590,000 after acquiring an additional 75,000 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Company Profile

JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.

A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.