JD.com (NASDAQ:JD) Shares Break Above 200-Day Moving Average – Here’s What Happened

Shares of JD.com, Inc. (NASDAQ:JD – Get Free Report) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $28.54 and traded as high as $29.00. JD.com shares last traded at $28.64, with a volume of 16,815,203 shares trading hands.

Key Stories Impacting JD.com

Here are the key news stories impacting JD.com this week:

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Zacks Research lowered shares of JD.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of JD.com in a research report on Friday, August 14th. Bank of America lowered their target price on shares of JD.com from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, October 13th. Arete Research cut shares of JD.com from a “buy” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Monday, September 7th. Finally, Susquehanna dropped their price target on shares of JD.com from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, August 17th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.33.

Get Our Latest Research Report on JD

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 firm has a 50-day moving average price of $26.87 and a 200 day moving average price of $28.54. The firm has a market capitalization of $35.75 billion, a PE ratio of 19.89 and a beta of 0.30.

JD.com (NASDAQ:JD – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The information services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. JD.com had a return on equity of 6.78% and a net margin of 1.13%. The firm had revenue of $50.99 billion for the quarter, compared to the consensus estimate of $50.38 billion. During the same quarter in the previous year, the business earned $4.97 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Research analysts expect that JD.com, Inc. will post 2.90 earnings per share for the current year.

Institutional Trading of JD.com

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its stake in JD.com by 52.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,713 shares of the information services provider’s stock worth $51,000 after buying an additional 589 shares during the period. Assetmark Inc. lifted its holdings in JD.com by 184.4% during the 1st quarter. Assetmark Inc. now owns 3,293 shares of the information services provider’s stock worth $97,000 after buying an additional 2,135 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in JD.com in the third quarter valued at approximately $109,000. Integrated Wealth Concepts LLC acquired a new position in shares of JD.com in the 2nd quarter valued at $124,000. Finally, Bridgewater Advisors Inc. purchased a new position in shares of JD.com during the first quarter worth about $220,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

About JD.com

(Get Free Report)

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.

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