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

JD.com, Inc. (NASDAQ:JD) saw a significant drop in short interest in July. As of July 31st, there was short interest totalling 28,940,000 shares, a drop of 16.3% from the July 15th total of 34,560,000 shares. Based on an average daily volume of 10,760,000 shares, the days-to-cover ratio is currently 2.7 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on JD shares. Barclays decreased their price objective on shares of JD.com from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. JPMorgan Chase & Co. upgraded shares of JD.com from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $33.00 to $36.00 in a report on Friday. Macquarie upgraded shares of JD.com from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $26.00 to $40.00 in a research note on Friday, May 17th. Benchmark decreased their price target on shares of JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a research note on Friday. Finally, Bank of America upped their price objective on JD.com from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.93.

JD.com Price Performance

Shares of NASDAQ JD traded up $2.29 during trading hours on Friday, reaching $29.29. 24,919,113 shares of the stock traded hands, compared to its average volume of 12,888,521. The company’s 50-day simple moving average is $27.05 and its two-hundred day simple moving average is $27.21. The company has a market capitalization of $46.19 billion, a P/E ratio of 13.37 and a beta of 0.39. JD.com has a 52-week low of $20.82 and a 52-week high of $35.69. The company has a quick ratio of 0.88, a current ratio of 1.15 and a debt-to-equity ratio of 0.15.

JD.com (NASDAQ:JD) last issued its earnings results on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. JD.com had a net margin of 2.26% and a return on equity of 11.43%. The company had revenue of $291.40 billion for the quarter, compared to analysts’ expectations of $291.01 billion. During the same quarter last year, the company earned $0.68 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. Equities research analysts forecast that JD.com will post 3.15 EPS for the current year.

Institutional Investors Weigh In On JD.com

Institutional investors have recently added to or reduced their stakes in the company. Wallace Advisory Group LLC lifted its holdings in JD.com by 9.9% in the 2nd quarter. Wallace Advisory Group LLC now owns 29,369 shares of the information services provider’s stock worth $759,000 after buying an additional 2,652 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in JD.com by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 67,130 shares of the information services provider’s stock worth $1,735,000 after acquiring an additional 1,161 shares during the period. Creative Planning boosted its holdings in JD.com by 5.1% in the second quarter. Creative Planning now owns 180,458 shares of the information services provider’s stock valued at $4,663,000 after acquiring an additional 8,782 shares in the last quarter. SIH Partners LLLP purchased a new position in JD.com during the 2nd quarter valued at $876,000. Finally, Scientech Research LLC bought a new position in JD.com in the 2nd quarter worth $1,649,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

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.