JD.com, Inc. (NASDAQ:JD) Short Interest Down 8.0% in June

JD.com, Inc. (NASDAQ:JD) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 34,520,000 shares, a decrease 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.

Hedge Funds Weigh In On JD.com

Hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC grew its position in JD.com by 10.0% in the fourth quarter. FNY Investment Advisers LLC now owns 5,500 shares of the information services provider’s stock valued at $158,000 after acquiring an additional 502 shares during the period. Avitas Wealth Management LLC grew its holdings in shares of JD.com by 1.5% in the 1st quarter. Avitas Wealth Management LLC now owns 39,966 shares of the information services provider’s stock worth $1,095,000 after purchasing an additional 579 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of JD.com by 12.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 5,381 shares of the information services provider’s stock worth $155,000 after purchasing an additional 602 shares in the last quarter. abrdn plc lifted its holdings in JD.com by 1.2% during the 4th quarter. abrdn plc now owns 53,544 shares of the information services provider’s stock valued at $1,547,000 after purchasing an additional 659 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in JD.com by 20.1% during the fourth quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after buying an additional 686 shares during the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Performance

JD stock traded up $0.79 during trading on Wednesday, reaching $26.88. 5,084,115 shares of the stock were exchanged, compared to its average volume of 13,801,479. The stock has a 50 day simple moving average of $30.24 and a 200-day simple moving average of $27.01. The company has a current ratio of 1.15, a quick ratio of 0.88 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $42.39 billion, a P/E ratio of 12.14 and a beta of 0.39. JD.com has a twelve month low of $20.82 and a twelve month high of $41.95.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Thursday, May 16th. The information services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.17. The company had revenue of $36.02 billion for the quarter, compared to analyst estimates of $35.75 billion. JD.com had a return on equity of 11.43% and a net margin of 2.26%. As a group, sell-side analysts anticipate that JD.com will post 3.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

JD has been the topic of a number of recent analyst reports. Barclays raised their price objective on JD.com from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Loop Capital decreased their price objective on shares of JD.com from $35.00 to $31.00 and set a “hold” rating for the company in a report on Friday, June 21st. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of JD.com in a report on Friday, May 17th. Morgan Stanley reissued an “equal weight” rating and set a $27.00 target price on shares of JD.com in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. raised their price target on JD.com from $25.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.20.

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.