JD.com, Inc. (NASDAQ:JD) Sees Large Drop in Short Interest

JD.com, Inc. (NASDAQ:JD) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 34,520,000 shares, a decline of 8.0% from the May 31st total of 37,520,000 shares. Based on an average daily volume of 12,250,000 shares, the short-interest ratio is presently 2.8 days.

Institutional Trading of JD.com

Institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its position in shares of JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 1,681 shares during the period. Hexagon Capital Partners LLC bought a new position in JD.com during the first quarter worth $58,000. CWM LLC increased its position in JD.com by 69.3% during the fourth quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock worth $85,000 after acquiring an additional 1,208 shares during the period. Compagnie Lombard Odier SCmA increased its position in JD.com by 73.5% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 3,850 shares of the information services provider’s stock worth $111,000 after acquiring an additional 1,631 shares during the period. Finally, Parallel Advisors LLC increased its holdings in JD.com by 20.1% in the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock valued at $119,000 after buying an additional 686 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Price Performance

NASDAQ JD opened at $26.09 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.15 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $41.15 billion, a PE ratio of 11.91 and a beta of 0.39. The company has a 50 day moving average price of $30.27 and a two-hundred day moving average price of $27.01. JD.com has a 12-month low of $20.82 and a 12-month high of $41.95.

JD.com (NASDAQ:JD) last posted its earnings results on Thursday, May 16th. The information services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.17. The firm had revenue of $36.02 billion during the quarter, compared to analysts’ expectations of $35.75 billion. JD.com had a net margin of 2.26% and a return on equity of 11.43%. As a group, equities analysts predict that JD.com will post 3.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

JD has been the topic of several recent research reports. Barclays lifted their price objective on shares of JD.com from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Morgan Stanley reissued an “equal weight” rating and issued a $27.00 target price on shares of JD.com in a research report on Thursday, April 18th. Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of JD.com in a research report on Friday, May 17th. StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. lifted their target price on shares of JD.com from $25.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $37.20.

JD.com Company Profile

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.