JD.com (NASDAQ:JD) Stock Falls 4.1% – Here’s Why
by Renee Jackson · The Cerbat GemShares of JD.com, Inc. (NASDAQ:JD – Get Free Report) dropped 4.1% during mid-day trading on Wednesday. The stock traded as low as $25.75 and last traded at $25.6530. 3,719,700 shares changed hands during trading, a decline of 59% from the average daily volume of 8,990,881 shares. The stock had previously closed at $26.76.
Analyst Ratings Changes
JD has been the subject of a number of recent analyst reports. Susquehanna lowered their price objective on JD.com from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, August 17th. Bank of America reduced their target price on JD.com from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Sanford C. Bernstein reissued an “outperform” rating on shares of JD.com in a research note on Friday, August 14th. Arete Research set a $30.00 price target on JD.com and gave the stock a “neutral” rating in a research note on Monday, September 7th. Finally, Zacks Research cut JD.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Eight investment 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $35.33.
Check Out Our Latest Report on JD.com
JD.com Stock Down 4.0%
The company has a debt-to-equity ratio of 0.19, a current ratio of 1.14 and a quick ratio of 0.82. The stock has a market cap of $32.08 billion, a price-to-earnings ratio of 17.84 and a beta of 0.33. The firm’s 50-day moving average is $27.61 and its 200 day moving average is $28.94.
JD.com (NASDAQ:JD – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The information services provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $50.38 billion. During the same quarter last year, the business earned $4.97 EPS. JD.com’s revenue for the quarter was down 2.9% on a year-over-year basis. Sell-side analysts anticipate that JD.com, Inc. will post 2.90 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. boosted its holdings in JD.com by 2.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 8,356,490 shares of the information services provider’s stock valued at $222,283,000 after acquiring an additional 235,034 shares during the last quarter. Lakeshore Capital Group Inc. increased its stake in JD.com by 12.7% during the third quarter. Lakeshore Capital Group Inc. now owns 19,590 shares of the information services provider’s stock worth $521,000 after acquiring an additional 2,208 shares during the last quarter. Tempus Wealth Planning LLC increased its stake in JD.com by 43.4% during the third quarter. Tempus Wealth Planning LLC now owns 15,555 shares of the information services provider’s stock worth $414,000 after acquiring an additional 4,711 shares during the last quarter. Quintet Private Bank Europe S.A. increased its stake in JD.com by 5.8% during the third quarter. Quintet Private Bank Europe S.A. now owns 8,263 shares of the information services provider’s stock worth $220,000 after acquiring an additional 450 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of JD.com by 12.2% in the 2nd quarter. QRG Capital Management Inc. now owns 32,705 shares of the information services provider’s stock worth $833,000 after purchasing an additional 3,544 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.
JD.com Company Profile
JD.com, Inc (NASDAQ:JD) is a technology and e-commerce company headquartered in Beijing, China. The company operates an online retail platform offering consumer electronics, appliances, computers, mobile devices, apparel, groceries, healthcare products and other consumer goods. Its business includes both direct sales of products and a marketplace that enables third-party merchants to reach customers.
Founded in 1998 by Richard Liu, JD.com has developed an integrated retail and logistics model designed to support product sourcing, warehousing, order fulfillment and delivery.