JD.com, Inc. (NASDAQ:JD) Sees Significant Growth in Short Interest

JD.com, Inc. (NASDAQ:JD) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 33,720,000 shares, a growth of 24.1% from the August 15th total of 27,180,000 shares. Based on an average daily volume of 12,010,000 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Trading of JD.com

A number of hedge funds have recently modified their holdings of the business. Atlas Capital Advisors LLC acquired a new stake in shares of JD.com during the second quarter worth approximately $28,000. Allspring Global Investments Holdings LLC boosted its stake in shares of JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after buying an additional 1,681 shares during the period. Hexagon Capital Partners LLC purchased a new position in shares of JD.com during the 1st quarter valued at $58,000. Parallel Advisors LLC increased its stake in shares of JD.com by 20.1% in the fourth quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after acquiring an additional 686 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new stake in shares of JD.com during the first quarter worth $126,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Susquehanna reiterated a “neutral” rating and set a $28.00 price target on shares of JD.com in a research report on Monday, August 19th. StockNews.com raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 11th. Benchmark dropped their price target on shares of JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Sanford C. Bernstein decreased their price objective 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, Loop Capital dropped their target price on JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Friday, June 21st. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $36.93.

JD.com Stock Performance

Shares of NASDAQ JD opened at $26.30 on Tuesday. 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 has a 52-week low of $20.82 and a 52-week high of $35.69. The stock has a market capitalization of $41.48 billion, a price-to-earnings ratio of 12.01 and a beta of 0.39. The stock’s fifty day simple moving average is $26.55 and its 200 day simple moving average is $27.76.

JD.com (NASDAQ:JD) last released its earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping the consensus estimate of $0.79 by $8.57. The business had revenue of $291.40 billion for the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. As a group, sell-side analysts forecast that JD.com will post 3.74 earnings per share for the current fiscal year.

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.