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

JD.com, Inc. (NASDAQ:JD)’s share price dropped 4.7% on Tuesday . The company traded as low as $31.88 and last traded at $31.9040. 1,313,530 shares traded 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 Analyst Weigh In

JD has been the topic of several research analyst reports. Susquehanna raised their price target on shares of JD.com from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Sanford C. Bernstein increased their target price on shares of JD.com from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Nomura lifted their target price on JD.com from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Barclays lowered their price target on JD.com from $43.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Finally, Citigroup upped their price target on JD.com from $35.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $36.42.

JD.com Price Performance

The stock has a market cap of $39.81 billion, a price-to-earnings ratio of 24.89 and a beta of 0.38. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average is $29.05 and its 200-day moving average is $29.03.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. JD.com had a return on equity of 5.90% and a net margin of 1.04%.The company had revenue of $45.79 billion for the quarter. Equities research analysts expect that JD.com, Inc. will post 2.78 earnings per share for the current fiscal year.

Institutional Trading of JD.com

Institutional investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB grew its position in JD.com by 20.2% in the second quarter. Handelsbanken Fonder AB now owns 477,000 shares of the information services provider’s stock valued at $12,154,000 after acquiring an additional 80,000 shares during the period. Gradient Investments LLC lifted its holdings in shares of JD.com by 5.0% during the second quarter. Gradient Investments LLC now owns 205,110 shares of the information services provider’s stock valued at $5,226,000 after acquiring an additional 9,779 shares during the period. FNY Investment Advisers LLC bought a new position in shares of JD.com during the second quarter valued at $1,411,000. Assenagon Asset Management S.A. acquired a new stake in shares of JD.com in the 2nd quarter valued at $250,000. Finally, 180 Wealth Advisors LLC grew its holdings in shares of JD.com by 18.9% in the 2nd quarter. 180 Wealth Advisors LLC now owns 25,088 shares of the information services provider’s stock worth $639,000 after purchasing an additional 3,984 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.