JD.com (NASDAQ:JD) Reaches New 52-Week Low – What’s Next?

JD.com, Inc. (NASDAQ:JD)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $26.95 and last traded at $27.33, with a volume of 6222424 shares changing hands. The stock had previously closed at $27.14.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on JD shares. Zacks Research cut shares of JD.com from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Arete Research set a $32.00 price target on shares of JD.com in a report on Tuesday, December 9th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $38.00 price objective on shares of JD.com in a report on Friday, November 14th. Bank of America decreased their price objective on JD.com from $38.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Finally, HSBC restated a “buy” rating and set a $37.00 target price on shares of JD.com in a research report on Monday, December 29th. Eleven 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.71.

JD.com Price Performance

The stock has a market cap of $39.15 billion, a P/E ratio of 9.30, a P/E/G ratio of 5.81 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.20 and a quick ratio of 0.88. The company’s 50 day simple moving average is $28.90 and its 200 day simple moving average is $31.06.

Institutional Trading of JD.com

Large investors have recently bought and sold shares of the business. Brighton Jones LLC acquired a new position in shares of JD.com in the fourth quarter valued at approximately $270,000. Empowered Funds LLC boosted its stake in JD.com by 35.5% in the 1st quarter. Empowered Funds LLC now owns 19,462 shares of the information services provider’s stock worth $800,000 after purchasing an additional 5,099 shares during the period. Focus Partners Wealth increased its holdings in JD.com by 36.5% during the 1st quarter. Focus Partners Wealth now owns 28,789 shares of the information services provider’s stock worth $1,184,000 after purchasing an additional 7,701 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of JD.com by 8.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,605 shares of the information services provider’s stock valued at $216,000 after purchasing an additional 540 shares during the period. Finally, Yousif Capital Management LLC lifted its holdings in shares of JD.com by 4.6% in the second quarter. Yousif Capital Management LLC now owns 22,310 shares of the information services provider’s stock valued at $728,000 after purchasing an additional 985 shares in the last quarter. 15.98% of the stock is owned by institutional investors.

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.