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

JD.com, Inc. (NASDAQ:JD) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 34,520,000 shares, a decline of 8.0% from the May 31st total of 37,520,000 shares. Based on an average daily trading volume, of 12,250,000 shares, the days-to-cover ratio is currently 2.8 days.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on JD shares. Barclays boosted their price objective on JD.com from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Nomura decreased their price objective on JD.com from $36.00 to $33.00 in a report on Friday, April 5th. Sanford C. Bernstein upped their price target on JD.com from $28.00 to $35.00 and gave the stock a “market perform” rating in a report on Friday, May 17th. Macquarie raised JD.com from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $26.00 to $40.00 in a report on Friday, May 17th. Finally, The Goldman Sachs Group began coverage on JD.com in a report on Thursday, April 25th. They issued a “buy” rating and a $37.00 price target for the company. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.20.

JD.com Trading Up 2.3 %

NASDAQ:JD traded up $0.61 during trading hours on Wednesday, reaching $26.70. 3,963,419 shares of the stock were exchanged, compared to its average volume of 13,794,727. The company has a quick ratio of 0.88, a current ratio of 1.15 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average of $30.24 and a two-hundred day moving average of $27.01. JD.com has a twelve month low of $20.82 and a twelve month high of $41.95. The company has a market capitalization of $42.11 billion, a price-to-earnings ratio of 12.14 and a beta of 0.39.

JD.com (NASDAQ:JD) last released its quarterly earnings results on Thursday, May 16th. The information services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.17. JD.com had a return on equity of 11.43% and a net margin of 2.26%. The company had revenue of $36.02 billion for the quarter, compared to analysts’ expectations of $35.75 billion. On average, equities analysts predict that JD.com will post 3.08 EPS for the current year.

Institutional Trading of JD.com

Several hedge funds have recently modified their holdings of JD. Allspring Global Investments Holdings LLC raised its stake in shares of JD.com by 812.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 1,681 shares in the last quarter. Hexagon Capital Partners LLC acquired a new stake in JD.com in the first quarter valued at $58,000. CWM LLC raised its stake in JD.com by 69.3% in the fourth quarter. CWM LLC now owns 2,952 shares of the information services provider’s stock valued at $85,000 after buying an additional 1,208 shares in the last quarter. Compagnie Lombard Odier SCmA raised its stake in JD.com by 73.5% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 3,850 shares of the information services provider’s stock valued at $111,000 after buying an additional 1,631 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in JD.com by 20.1% in the fourth quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock valued at $119,000 after buying an additional 686 shares in the last quarter. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.