JD.com (NASDAQ:JD) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Shares of JD.com, Inc. (NASDAQ:JD) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $29.60 and traded as low as $27.44. JD.com shares last traded at $27.68, with a volume of 6,345,865 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Benchmark reaffirmed a “buy” rating on shares of JD.com in a report on Friday, August 14th. Nomura boosted their price objective on JD.com from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Morgan Stanley upped their target price on JD.com from $25.00 to $27.00 and gave the company an “underweight” rating in a report on Wednesday, May 13th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of JD.com in a research note on Friday, August 14th. Finally, Susquehanna reduced their price target on JD.com from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, August 17th. Eight research 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, JD.com currently has an average rating of “Moderate Buy” and an average target price of $35.25.

JD.com Stock Down 2.1%

The stock has a market capitalization of $34.55 billion, a price-to-earnings ratio of 19.22 and a beta of 0.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.14 and a quick ratio of 0.82. The business has a fifty day moving average of $29.60 and a 200 day moving average of $29.12.

JD.com (NASDAQ:JD) last posted its earnings results 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. JD.com had a return on equity of 6.78% and a net margin of 1.13%.The company had revenue of $50.99 billion during the quarter, compared to analysts’ expectations of $50.38 billion. During the same quarter last year, the firm earned $4.97 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts predict that JD.com, Inc. will post 2.83 earnings per share for the current year.

Institutional Trading of JD.com

Several institutional investors and hedge funds have recently bought and sold shares of JD. SG Americas Securities LLC lifted its position in JD.com by 139.0% in the first quarter. SG Americas Securities LLC now owns 4,334,816 shares of the information services provider’s stock valued at $128,181,000 after buying an additional 2,521,045 shares during the last quarter. SIH Partners LLLP increased its position in shares of JD.com by 74.1% during the fourth quarter. SIH Partners LLLP now owns 4,991,448 shares of the information services provider’s stock valued at $143,255,000 after acquiring an additional 2,125,212 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of JD.com by 1,172.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,636 shares of the information services provider’s stock valued at $35,434,000 after acquiring an additional 1,137,592 shares during the period. HighTower Advisors LLC raised its stake in shares of JD.com by 197.2% in the 4th quarter. HighTower Advisors LLC now owns 1,384,810 shares of the information services provider’s stock valued at $39,744,000 after acquiring an additional 918,880 shares during the period. Finally, L1 Capital Pty Ltd purchased a new stake in shares of JD.com in the 4th quarter valued at approximately $20,959,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

About JD.com

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.