JD.com (NASDAQ:JD) Stock Price Down 6.4% – Should You Sell?

JD.com, Inc. (NASDAQ:JD) was down 6.4% during mid-day trading on Thursday . The company traded as low as $33.34 and last traded at $33.41. Approximately 8,140,826 shares traded hands during trading, a decline of 45% from the average daily volume of 14,880,583 shares. The stock had previously closed at $35.69.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Citigroup reduced their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and reduced their price target for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Benchmark reaffirmed a “buy” rating and set a $47.00 price objective on shares of JD.com in a report on Friday. Sanford C. Bernstein decreased their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, August 16th. Finally, StockNews.com lowered JD.com from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.36.

JD.com Stock Performance

The company has a market cap of $55.20 billion, a PE ratio of 12.73, a P/E/G ratio of 0.40 and a beta of 0.41. The stock’s 50 day simple moving average is $37.35 and its two-hundred day simple moving average is $31.52. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping the consensus estimate of $0.79 by $8.57. The company had revenue of $291.40 billion during the quarter, compared to analyst estimates of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 earnings per share. As a group, research analysts anticipate that JD.com, Inc. will post 3.74 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. FMR LLC grew its stake in JD.com by 41.0% during the 3rd quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after purchasing an additional 4,445,277 shares in the last quarter. Two Sigma Advisers LP grew its position in shares of JD.com by 329.9% during the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after buying an additional 4,839,700 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of JD.com by 30.7% in the first quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock worth $159,461,000 after buying an additional 1,368,356 shares during the last quarter. Discerene Group LP grew its holdings in JD.com by 66.0% during the 1st quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock worth $152,147,000 after acquiring an additional 2,207,619 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of JD.com by 16.4% in the 2nd quarter. Federated Hermes Inc. now owns 4,280,215 shares of the information services provider’s stock valued at $110,601,000 after purchasing an additional 603,211 shares in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

About JD.com

JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.