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

JD.com, Inc. (NASDAQ:JD)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $29.56 and traded as low as $26.70. JD.com shares last traded at $27.28, with a volume of 6,451,706 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently issued reports on JD. Barclays dropped their price target on shares of JD.com from $43.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Arete Research set a $30.00 price objective on shares of JD.com and gave the company a “neutral” rating in a report on Monday, September 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of JD.com in a research report on Friday, August 14th. Benchmark reissued a “buy” rating on shares of JD.com in a research note on Friday, August 14th. Finally, Zacks Research downgraded shares of JD.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.25.

JD.com Trading Down 0.8%

The stock has a market capitalization of $33.90 billion, a PE ratio of 18.86 and a beta of 0.35. The company’s 50 day moving average price is $29.49 and its two-hundred day moving average price is $29.15. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.14 and a quick ratio of 0.82.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Thursday, August 13th. The information services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. JD.com had a net margin of 1.13% and a return on equity of 6.78%. The company had revenue of $50.99 billion during the quarter, compared to analysts’ expectations of $50.38 billion. During the same quarter in the prior year, the company earned $4.97 EPS. JD.com’s revenue was down 2.9% compared to the same quarter last year. As a group, analysts expect that JD.com, Inc. will post 2.98 earnings per share for the current year.

Institutional Trading of JD.com

Large investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC raised its holdings in shares of JD.com by 1,020.0% during the 4th quarter. Root Financial Partners LLC now owns 1,120 shares of the information services provider’s stock worth $32,000 after acquiring an additional 1,020 shares during the period. EverSource Wealth Advisors LLC increased its position in JD.com by 52.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,713 shares of the information services provider’s stock worth $51,000 after purchasing an additional 589 shares during the last quarter. Modus Advisors LLC purchased a new position in JD.com during the fourth quarter worth about $53,000. Allworth Financial LP boosted its holdings in JD.com by 24.3% in the 4th quarter. Allworth Financial LP now owns 2,275 shares of the information services provider’s stock valued at $65,000 after purchasing an additional 445 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in JD.com by 184.4% in the 1st quarter. Assetmark Inc. now owns 3,293 shares of the information services provider’s stock valued at $97,000 after purchasing an additional 2,135 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

About JD.com

JD.com, Inc (NASDAQ: JD) is a China-based technology and e-commerce company that operates an online retail platform serving consumers and businesses. The company sells a broad range of products, including electronics and appliances, general merchandise, groceries, apparel, household goods, and healthcare products. It offers both products sourced directly from suppliers and merchandise sold by third-party merchants through its marketplace.

Founded by Richard Qiangdong Liu in 1998, JD.com initially focused on selling consumer electronics and launched its online retail business in 2004.