JD.com (NASDAQ:JD) Shares Break Above 200-Day Moving Average – Here’s What Happened

JD.com, Inc. (NASDAQ:JD – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $28.54 and traded as high as $29.00. JD.com shares last traded at $28.64, with a volume of 16,815,203 shares changing hands.

JD.com News Summary

Here are the key news stories impacting JD.com this week:

Analysts Set New Price Targets

Several equities analysts have recently commented on JD shares. Susquehanna lowered their price objective on JD.com from $35.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, August 17th. Mizuho set a $39.00 price objective on shares of JD.com in a research report on Friday, August 14th. Benchmark reiterated a “buy” rating on shares of JD.com in a research note on Friday, August 14th. Bank of America decreased their price target on shares of JD.com from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, October 13th. Finally, Arete Research lowered JD.com from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research note on Monday, September 7th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, JD.com has a consensus rating of “Moderate Buy” and a consensus price target of $35.33.

Check Out Our Latest Stock Analysis on JD

JD.com Trading Up 3.3%

The stock has a market cap of $35.75 billion, a price-to-earnings ratio of 19.89 and a beta of 0.30. 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 company’s fifty day moving average price is $26.87 and its 200-day moving average price is $28.54.

JD.com (NASDAQ:JD – Get Free Report) last released its earnings results on Thursday, August 13th. The information services provider reported $0.93 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $50.38 billion. JD.com’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the business earned $4.97 EPS. On average, research analysts expect that JD.com, Inc. will post 2.90 EPS for the current fiscal year.

Institutional Trading of JD.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in shares of JD.com by 52.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,713 shares of the information services provider’s stock worth $51,000 after acquiring an additional 589 shares during the period. Assetmark Inc. raised 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 worth $97,000 after purchasing an additional 2,135 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of JD.com during the 3rd quarter valued at approximately $109,000. Integrated Wealth Concepts LLC acquired a new stake in shares of JD.com in the second quarter valued at about $124,000. Finally, Bridgewater Advisors Inc. acquired a new stake in JD.com in the 1st quarter worth about $220,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

About JD.com

(Get Free Report)

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.

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