JD.com (NASDAQ:JD) Reaches New 1-Year Low – Here’s Why

JD.com, Inc. (NASDAQ:JD)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $26.68 and last traded at $26.8870, with a volume of 1988295 shares trading hands. The stock had previously closed at $27.54.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on JD. Nomura reduced their price objective on shares of JD.com from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, November 17th. Susquehanna reiterated a “neutral” rating on shares of JD.com in a research note on Monday, November 24th. Morgan Stanley cut their price objective on shares of JD.com from $28.00 to $24.00 and set an “underweight” rating on the stock in a report on Wednesday, January 14th. HSBC reiterated a “buy” rating and issued a $37.00 price objective on shares of JD.com in a research note on Monday, December 29th. Finally, Zacks Research cut JD.com from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Eleven research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.71.

JD.com Trading Down 2.5%

The stock has a market cap of $38.46 billion, a P/E ratio of 9.13, a PEG ratio of 5.89 and a beta of 0.41. The firm’s fifty day moving average price is $28.69 and its two-hundred day moving average price is $30.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.20 and a quick ratio of 0.88.

Hedge Funds Weigh In On JD.com

Institutional investors have recently modified their holdings of the company. Dodge & Cox grew its holdings in shares of JD.com by 0.5% during the 3rd quarter. Dodge & Cox now owns 18,792,249 shares of the information services provider’s stock valued at $657,353,000 after purchasing an additional 86,300 shares during the last quarter. Discerene Group LP lifted its stake in shares of JD.com by 11.8% in the 2nd quarter. Discerene Group LP now owns 6,210,851 shares of the information services provider’s stock valued at $202,722,000 after purchasing an additional 656,000 shares during the period. Marshall Wace LLP grew its position in shares of JD.com by 48.9% in the 2nd quarter. Marshall Wace LLP now owns 5,335,961 shares of the information services provider’s stock worth $174,166,000 after buying an additional 1,753,236 shares during the period. SIH Partners LLLP increased its stake 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 purchasing an additional 2,125,212 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in JD.com by 4.0% in the second quarter. Federated Hermes Inc. now owns 4,551,070 shares of the information services provider’s stock worth $148,547,000 after acquiring an additional 177,000 shares in the last quarter. 15.98% of the stock is currently owned by 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.