JD.Com Inc (NASDAQ:JD) Short Interest Down 12.6% in October

JD.Com Inc (NASDAQ:JD) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 41,720,000 shares, a decrease of 12.6% from the September 30th total of 47,760,000 shares. Approximately 3.5% of the company’s stock are sold short. Based on an average daily volume of 11,980,000 shares, the days-to-cover ratio is presently 3.5 days.

JD has been the subject of a number of research analyst reports. BidaskClub raised JD.Com from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Mizuho boosted their price objective on JD.Com from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Zacks Investment Research upgraded JD.Com from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, August 20th. Citigroup reiterated a “buy” rating and issued a $43.00 price objective (up previously from $41.00) on shares of JD.Com in a research note on Wednesday, August 14th. Finally, Barclays started coverage on JD.Com in a research note on Monday, August 19th. They issued an “equal weight” rating and a $36.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $33.70.

A number of hedge funds and other institutional investors have recently modified their holdings of JD. Viking Global Investors LP grew its stake in JD.Com by 175.5% during the 2nd quarter. Viking Global Investors LP now owns 31,821,898 shares of the information services provider’s stock valued at $963,885,000 after purchasing an additional 20,269,351 shares in the last quarter. Invesco Ltd. boosted its position in JD.Com by 31.9% during the 2nd quarter. Invesco Ltd. now owns 30,060,389 shares of the information services provider’s stock valued at $910,528,000 after purchasing an additional 7,267,968 shares during the period. Natixis boosted its position in JD.Com by 11,953.7% during the 2nd quarter. Natixis now owns 7,003,537 shares of the information services provider’s stock valued at $212,138,000 after purchasing an additional 6,945,434 shares during the period. BlackRock Inc. boosted its position in JD.Com by 7.2% during the 2nd quarter. BlackRock Inc. now owns 42,098,667 shares of the information services provider’s stock valued at $1,275,167,000 after purchasing an additional 2,832,447 shares during the period. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in JD.Com during the 2nd quarter valued at approximately $57,200,000. Hedge funds and other institutional investors own 40.42% of the company’s stock.

NASDAQ:JD traded down $0.02 during trading hours on Friday, hitting $33.55. The company’s stock had a trading volume of 39,376,000 shares, compared to its average volume of 9,946,545. The business’s 50-day moving average is $30.61 and its two-hundred day moving average is $29.68. JD.Com has a 52-week low of $19.21 and a 52-week high of $35.43. The company has a market capitalization of $48.68 billion, a PE ratio of -1,118.33 and a beta of 1.35. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.58 and a current ratio of 0.91.

JD.Com (NASDAQ:JD) last announced its earnings results on Tuesday, August 13th. The information services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.05 by $0.18. The business had revenue of $150.28 billion for the quarter, compared to the consensus estimate of $147.44 billion. JD.Com had a return on equity of 7.72% and a net margin of 1.23%. The company’s revenue was up 22.9% on a year-over-year basis. During the same period last year, the business posted $0.33 EPS. As a group, analysts predict that JD.Com will post 0.77 EPS for the current fiscal year.

JD.Com Company Profile

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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