Short Interest in JD.Com Inc (JD) Rises By 9.8%
JD.Com Inc (NASDAQ:JD) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 63,709,523 shares, a growth of 9.8% from the August 31st total of 58,005,430 shares. Approximately 5.7% of the shares of the company are sold short. Based on an average daily volume of 11,800,646 shares, the days-to-cover ratio is currently 5.4 days.
JD.Com (NASDAQ:JD) opened at 26.09 on Friday. JD.Com has a 12 month low of $19.51 and a 12 month high of $33.48. The company’s 50-day moving average price is $25.95 and its 200 day moving average price is $24.36. The company’s market capitalization is $37.66 billion.
JD.Com (NASDAQ:JD) last issued its earnings results on Wednesday, August 10th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.32. The company earned $9.80 billion during the quarter, compared to analysts’ expectations of $9.81 billion. During the same quarter in the prior year, the business posted ($0.01) EPS. The company’s revenue for the quarter was up 42.0% compared to the same quarter last year. Analysts forecast that JD.Com will post ($0.10) EPS for the current fiscal year.
A number of equities research analysts recently issued reports on JD shares. Vetr downgraded JD.Com from a “strong-buy” rating to a “buy” rating and set a $25.97 price target on the stock. in a research report on Wednesday, August 10th. T.H. Capital downgraded JD.Com from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Citigroup Inc. reissued a “buy” rating and set a $32.00 price target (up previously from $31.00) on shares of JD.Com in a research report on Wednesday, August 10th. Jefferies Group increased their price target on JD.Com from $31.60 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Finally, Nomura set a $30.00 price target on JD.Com and gave the stock a “buy” rating in a research report on Thursday, August 11th. Ten analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. JD.Com has a consensus rating of “Buy” and an average target price of $31.39.
A number of large investors have recently modified their holdings of the company. Hillhouse Capital Management Ltd. increased its position in JD.Com by 0.5% in the first quarter. Hillhouse Capital Management Ltd. now owns 123,207,731 shares of the company’s stock valued at $3,265,005,000 after buying an additional 599,139 shares during the last quarter. Dodge & Cox increased its position in JD.Com by 33.8% in the second quarter. Dodge & Cox now owns 39,331,236 shares of the company’s stock valued at $835,002,000 after buying an additional 9,934,800 shares during the last quarter. Orbis Allan Gray Ltd acquired a new position in JD.Com during the first quarter valued at $679,415,000. Baillie Gifford & Co. increased its position in JD.Com by 12.0% in the second quarter. Baillie Gifford & Co. now owns 22,127,731 shares of the company’s stock valued at $469,771,000 after buying an additional 2,378,483 shares during the last quarter. Finally, Board of Trustees of The Leland Stanford Junior University acquired a new position in JD.Com during the second quarter valued at $271,949,000.
JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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