JD.com (NASDAQ:JD) Sets New 1-Year Low – Here’s What Happened

JD.com, Inc. (NASDAQ:JD)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $27.02 and last traded at $27.2250, with a volume of 6743902 shares traded. The stock had previously closed at $28.27.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on JD shares. Sanford C. Bernstein reissued an “outperform” rating and set a $38.00 price objective on shares of JD.com in a report on Friday, November 14th. Zacks Research cut JD.com from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. 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 research report on Wednesday, January 14th. Mizuho set a $41.00 price objective on shares of JD.com in a report on Wednesday, October 22nd. Finally, HSBC reiterated a “buy” rating and set a $37.00 price objective on shares of JD.com in a research note on Monday, December 29th. Eleven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.71.

JD.com Trading Down 1.4%

The company has a fifty day simple moving average of $29.00 and a 200-day simple moving average of $31.12. The company has a market capitalization of $38.88 billion, a PE ratio of 9.23, a PEG ratio of 5.89 and a beta of 0.41. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Thursday, November 13th. The information services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.44 by $0.08. The business had revenue of $41.98 billion during the quarter, compared to analyst estimates of $40.87 billion. JD.com had a return on equity of 10.99% and a net margin of 2.46%.The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the business posted $8.68 earnings per share. Analysts predict that JD.com, Inc. will post 3.91 EPS for the current year.

Institutional Trading of JD.com

Large investors have recently made changes to their positions in the stock. Dodge & Cox raised its stake in JD.com by 0.5% during the third quarter. Dodge & Cox now owns 18,792,249 shares of the information services provider’s stock worth $657,353,000 after purchasing an additional 86,300 shares during the period. Discerene Group LP grew its stake in JD.com by 11.8% during 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 in the last quarter. Marshall Wace LLP increased its stake in shares of JD.com by 48.9% in the second 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 last quarter. Federated Hermes Inc. raised its stake in shares of JD.com by 4.0% in the 2nd quarter. Federated Hermes Inc. now owns 4,551,070 shares of the information services provider’s stock valued at $148,547,000 after purchasing an additional 177,000 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in JD.com by 11.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,441,095 shares of the information services provider’s stock worth $127,459,000 after buying an additional 463,033 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.