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

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

JD.com Price Performance

JD traded up $3.58 during trading on Friday, hitting $39.00. The company’s stock had a trading volume of 28,457,124 shares, compared to its average volume of 6,059,499. The firm has a market capitalization of $61.51 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 0.25 and a beta of 0.39. JD.com has a twelve month low of $20.82 and a twelve month high of $47.82. The business’s fifty day simple moving average is $36.02 and its 200 day simple moving average is $33.28. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

Institutional Investors Weigh In On JD.com

A number of institutional investors have recently added to or reduced their stakes in JD. Brooklyn Investment Group acquired a new position in shares of JD.com during the fourth quarter valued at approximately $34,000. Nisa Investment Advisors LLC raised its stake in JD.com by 71.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 417 shares during the last quarter. Modus Advisors LLC purchased a new position in JD.com in the 4th quarter valued at $41,000. Wilmington Savings Fund Society FSB acquired a new stake in JD.com during the 3rd quarter worth $49,000. Finally, Trium Capital LLP acquired a new stake in shares of JD.com in the fourth quarter valued at about $62,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on JD shares. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. raised their price target 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. Benchmark reaffirmed a “buy” rating and issued a $47.00 price objective on shares of JD.com in a report on Friday, November 15th. 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 report on Wednesday, October 16th. Finally, Citigroup cut their price target on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.36.

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.