JD.com (NASDAQ:JD) Stock Price Down 4.1% – Time to Sell?

JD.com, Inc. (NASDAQ:JD)’s share price dropped 4.1% during mid-day trading on Wednesday. The company traded as low as $25.75 and last traded at $25.6530. 3,719,700 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 8,990,881 shares. The stock had previously closed at $26.76.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Bank of America cut their target price on JD.com from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, October 13th. Benchmark reaffirmed a “buy” rating on shares of JD.com in a research report on Friday, August 14th. Barclays decreased their price target on shares of JD.com from $41.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, October 14th. Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a report on Friday, August 14th. Finally, Mizuho set a $39.00 price objective on shares of JD.com in a research report on Friday, August 14th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, JD.com has a consensus rating of “Moderate Buy” and a consensus price target of $35.33.

JD.com Stock Performance

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 50 day simple moving average of $27.42 and a two-hundred day simple moving average of $28.90. The stock has a market capitalization of $32.06 billion, a P/E ratio of 13.50 and a beta of 0.33.

JD.com (NASDAQ:JD) last posted its quarterly earnings results on Thursday, August 13th. The information services provider reported $0.93 earnings per share 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%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.97 EPS. On average, equities analysts forecast that JD.com, Inc. will post 2.90 EPS for the current fiscal year.

Hedge Funds Weigh In On JD.com

A number of institutional investors have recently added to or reduced their stakes in JD. Tidal Investments LLC raised its position in JD.com by 109.1% during the second quarter. Tidal Investments LLC now owns 382,838 shares of the information services provider’s stock worth $9,755,000 after acquiring an additional 199,724 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in JD.com by 2.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 8,356,490 shares of the information services provider’s stock valued at $222,283,000 after acquiring an additional 235,034 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of JD.com in the 2nd quarter valued at about $1,411,000. First Trust Advisors LP grew its position in shares of JD.com by 19.2% in the 1st quarter. First Trust Advisors LP now owns 197,087 shares of the information services provider’s stock valued at $5,828,000 after acquiring an additional 31,693 shares during the period. Finally, Sei Investments Co. grew its position in shares of JD.com by 77.7% in the 1st quarter. Sei Investments Co. now owns 173,753 shares of the information services provider’s stock valued at $5,138,000 after acquiring an additional 75,956 shares during the period. 15.98% of the stock is currently 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, appliances, computers, mobile devices, apparel, groceries, healthcare products and other consumer goods. Its business includes both direct sales of products and a marketplace that enables third-party merchants to reach customers.

Founded in 1998 by Richard Liu, JD.com has developed an integrated retail and logistics model designed to support product sourcing, warehousing, order fulfillment and delivery.