JD.com (NASDAQ:JD) Stock Price Down 4.7% – Here’s What Happened

JD.com, Inc. (NASDAQ:JD)’s share price fell 4.7% on Tuesday . The stock traded as low as $31.88 and last traded at $31.9040. Approximately 1,313,530 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 9,499,672 shares. The stock had previously closed at $33.47.

Wall Street Analysts Forecast Growth

JD has been the subject of a number of research analyst reports. Citigroup upped their price target on shares of JD.com from $35.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Sanford C. Bernstein raised their target price on shares of JD.com from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Weiss Ratings upgraded JD.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. Barclays decreased their target price on JD.com from $43.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. Finally, Nomura lifted their price target on JD.com from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.42.

JD.com Trading Down 4.7%

The company has a fifty day simple moving average of $29.05 and a two-hundred day simple moving average of $29.03. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 0.87. The company has a market capitalization of $39.81 billion, a P/E ratio of 24.89 and a beta of 0.38.

JD.com (NASDAQ:JD) last announced its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share (EPS) for the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%.The firm had revenue of $45.79 billion during the quarter. On average, analysts forecast that JD.com, Inc. will post 2.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On JD.com

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Binnacle Investments Inc lifted its position in shares of JD.com by 365.8% during the 3rd quarter. Binnacle Investments Inc now owns 750 shares of the information services provider’s stock worth $26,000 after purchasing an additional 589 shares during the last quarter. Root Financial Partners LLC grew its holdings in JD.com by 1,020.0% in the 4th quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock valued at $32,000 after buying an additional 1,020 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in JD.com by 191.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,241 shares of the information services provider’s stock worth $36,000 after buying an additional 815 shares during the period. EFG International AG bought a new position in JD.com in the 4th quarter worth approximately $36,000. Finally, Inspire Investing LLC acquired a new position in shares of JD.com during the fourth quarter worth approximately $38,000. 15.98% of the stock is owned by institutional investors and hedge funds.

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.