JD.com, Inc. (NASDAQ:JD) Short Interest Update

JD.com, Inc. (NASDAQ:JD) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 36,980,000 shares, a decline of 6.8% from the October 31st total of 39,660,000 shares. Based on an average trading volume of 17,930,000 shares, the days-to-cover ratio is presently 2.1 days.

Hedge Funds Weigh In On JD.com

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Atlas Capital Advisors LLC acquired a new stake in shares of JD.com in the second quarter valued at $28,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of JD.com during the 3rd quarter worth approximately $49,000. Huntington National Bank raised its stake in shares of JD.com by 32.1% in the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after purchasing an additional 452 shares in the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in JD.com during the third quarter worth $103,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of JD.com by 58.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after buying an additional 1,102 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped 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 objective on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Friday, August 16th. Barclays lifted their target price 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. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and dropped their price objective for the company from $49.00 to $48.00 in a research note on Monday, October 21st. Finally, Benchmark reaffirmed a “buy” rating and issued a $47.00 target price on shares of JD.com in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.36.

JD.com Stock Down 1.0 %

Shares of JD.com stock opened at $37.10 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The firm has a market cap of $58.51 billion, a P/E ratio of 11.74, a P/E/G ratio of 0.31 and a beta of 0.38. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $47.82. The business has a 50-day moving average price of $39.34 and a 200 day moving average price of $31.80.

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.