JD.com, Inc. (JD) Shares Down 3.5%

JD.com, Inc. (NASDAQ:JD) was down 3.5% during mid-day trading on Tuesday . The stock traded as low as $38.25 and last traded at $41.34. Approximately 43,667,300 shares traded hands during mid-day trading, an increase of 295% from the average daily volume of 11,047,893 shares. The stock had previously closed at $39.96.

A number of brokerages have issued reports on JD. MKM Partners raised shares of JD.com from a “neutral” rating to a “buy” rating and increased their price objective for the company from $33.00 to $51.00 in a report on Wednesday, August 23rd. They noted that the move was a valuation call. reaffirmed a “buy” rating and set a $49.00 price objective on shares of JD.com in a report on Tuesday, August 15th. Instinet reaffirmed a “buy” rating and set a $55.00 price objective (up from $46.00) on shares of JD.com in a report on Tuesday, August 15th. Bank of America Corporation reaffirmed a “buy” rating and set a $53.00 price objective (up from $46.00) on shares of JD.com in a report on Wednesday, August 9th. Finally, BidaskClub lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 15th. Five investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $45.76.

The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35.

JD.com (NASDAQ:JD) last released its earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. JD.com had a negative return on equity of 1.80% and a negative net margin of 0.95%. The business had revenue of $93.20 billion for the quarter, compared to analyst estimates of $89.35 billion. During the same quarter last year, the firm posted $0.29 earnings per share. The business’s revenue was up 43.6% compared to the same quarter last year. equities research analysts anticipate that JD.com, Inc. will post -0.04 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. FIL Ltd increased its stake in shares of JD.com by 36.1% during the second quarter. FIL Ltd now owns 9,860,118 shares of the information services provider’s stock valued at $386,713,000 after buying an additional 2,616,886 shares during the period. GQG Partners LLC purchased a new position in shares of JD.com during the second quarter valued at $85,822,000. BARING ASSET MANAGEMENT Ltd purchased a new position in shares of JD.com during the second quarter valued at $61,748,000. TB Alternative Assets Ltd. purchased a new position in shares of JD.com during the second quarter valued at $50,598,000. Finally, Ariose Capital Management Ltd purchased a new position in shares of JD.com during the second quarter valued at $47,005,000. Institutional investors and hedge funds own 46.62% of the company’s stock.

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About JD.com

JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.

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