Short Interest in JD.com, Inc. (NASDAQ:JD) Drops By 11.3%

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

JD.com Price Performance

NASDAQ:JD traded up $0.59 during midday trading on Thursday, hitting $40.62. 8,313,422 shares of the stock were exchanged, compared to its average volume of 15,004,599. The company has a market capitalization of $64.06 billion, a price-to-earnings ratio of 18.28, 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 has a one year low of $20.82 and a one year high of $47.82. The business has a 50-day moving average price of $34.54 and a two-hundred day moving average price of $30.62.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The company had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. During the same period in the prior year, the company earned $0.68 EPS. JD.com’s 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.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on JD shares. Benchmark reissued a “buy” rating and set a $47.00 price target on shares of JD.com in a research report on Tuesday, October 15th. JPMorgan Chase & Co. boosted their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report 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 on the stock in a research report on Friday, August 16th. Barclays increased their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and reduced their target price for the company from $49.00 to $48.00 in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.67.

Institutional Trading of JD.com

Large investors have recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC acquired a new position in JD.com in the 2nd quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC grew its stake in shares of JD.com by 812.1% in 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 in the last quarter. Hexagon Capital Partners LLC acquired a new position in JD.com in the first quarter worth approximately $58,000. Advisors Preferred LLC acquired a new position in shares of JD.com during the 1st quarter worth $126,000. Finally, Blue Trust Inc. raised its holdings in shares of JD.com by 295.7% during the 3rd quarter. Blue Trust Inc. now owns 3,158 shares of the information services provider’s stock valued at $126,000 after purchasing an additional 2,360 shares in the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

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.