JD.com, Inc. (NASDAQ:JD) Short Interest Down 11.3% in October

JD.com, Inc. (NASDAQ:JD) saw a significant decline in short interest in October. As of October 15th, there was short interest totalling 38,340,000 shares, a decline of 11.3% from the September 30th total of 43,200,000 shares. Based on an average trading volume of 18,920,000 shares, the short-interest ratio is presently 2.0 days.

JD.com Stock Up 1.5 %

NASDAQ JD traded up $0.59 during trading on Thursday, reaching $40.62. 8,316,394 shares of the company’s stock were exchanged, compared to its average volume of 15,004,599. The company’s fifty day simple moving average is $34.54 and its 200-day simple moving average is $30.62. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $47.82. The firm has a market capitalization of $64.06 billion, a PE ratio of 18.55, a P/E/G ratio of 0.61 and a beta of 0.42. The company has a current ratio of 1.15, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $8.57. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The business had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. During the same period in the previous year, the company posted $0.68 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Sell-side analysts predict that JD.com will post 3.77 EPS for the current year.

Institutional Investors Weigh In On JD.com

Several institutional investors and hedge funds have recently made changes to their positions in the business. Discerene Group LP boosted its holdings in shares of JD.com by 66.0% in the first 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 during the period. WT Asset Management Ltd bought a new stake in JD.com during the 3rd quarter valued at approximately $55,635,000. Lazard Asset Management LLC boosted its position in shares of JD.com by 30.7% in the 1st quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock worth $159,461,000 after purchasing an additional 1,368,356 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in JD.com by 177.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,873,282 shares of the information services provider’s stock worth $74,931,000 after acquiring an additional 1,198,753 shares during the last quarter. Finally, M&G Plc purchased a new stake in JD.com during the 1st quarter valued at $22,920,000. Institutional investors own 15.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 8th. Susquehanna reiterated a “neutral” rating and issued a $28.00 price target on shares of JD.com in a report on Monday, August 19th. JPMorgan Chase & Co. lifted their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Sanford C. Bernstein reduced their price target on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Friday, August 16th. Finally, Benchmark reissued a “buy” rating and set a $47.00 target price on shares of JD.com in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.67.

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.