Short Interest in JD.com, Inc. (NASDAQ:JD) Rises By 8.2%

JD.com, Inc. (NASDAQ:JD) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 34,310,000 shares, a growth of 8.2% from the December 15th total of 31,710,000 shares. Based on an average daily trading volume, of 12,080,000 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Trading of JD.com

Several institutional investors have recently added to or reduced their stakes in JD. Brooklyn Investment Group acquired a new stake in JD.com in the 4th quarter valued at approximately $34,000. Nisa Investment Advisors LLC grew its stake in shares of JD.com by 71.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after acquiring an additional 417 shares in the last quarter. Modus Advisors LLC acquired a new position in shares of JD.com in the fourth quarter worth $41,000. Wilmington Savings Fund Society FSB acquired a new position in shares of JD.com in the third quarter worth $49,000. Finally, Trium Capital LLP acquired a new position in shares of JD.com in the fourth quarter worth $62,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Up 10.1 %

JD.com stock opened at $39.00 on Tuesday. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $47.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The firm has a 50 day moving average price of $36.02 and a 200 day moving average price of $33.37. The company has a market capitalization of $61.51 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 0.25 and a beta of 0.39.

Analysts Set New Price Targets

A number of research analysts recently weighed in on JD shares. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and raised their price target for the company from $43.00 to $46.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. raised 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. Barclays raised 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. StockNews.com raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, Benchmark reissued a “buy” rating and issued a $47.00 target price on shares of JD.com in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.36.

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.