JD.com Inc. (JD) Short Interest Update
JD.com Inc. (NASDAQ:JD) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 61,816,400 shares, a drop of 3.0% from the September 15th total of 63,709,523 shares. Based on an average daily trading volume, of 11,617,808 shares, the days-to-cover ratio is presently 5.3 days. Approximately 5.6% of the company’s stock are short sold.
A number of equities research analysts have commented on the company. Stifel Nicolaus assumed coverage on JD.com in a research note on Thursday. They issued a “buy” rating for the company. SunTrust Banks Inc. increased their price target on JD.com from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Monday. Vetr cut JD.com from a “strong-buy” rating to a “buy” rating and set a $30.83 price target for the company. in a research note on Thursday, October 6th. MKM Partners cut JD.com from a “buy” rating to a “neutral” rating and decreased their price target for the company from $32.00 to $27.00 in a research note on Tuesday, September 20th. Finally, JPMorgan Chase & Co. assumed coverage on JD.com in a research note on Wednesday, August 31st. They issued a “neutral” rating and a $29.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $31.33.
Shares of JD.com (NASDAQ:JD) opened at 26.27 on Friday. JD.com has a one year low of $19.51 and a one year high of $33.48. The firm’s market capitalization is $37.92 billion. The firm has a 50-day moving average price of $26.35 and a 200 day moving average price of $24.38.
JD.com (NASDAQ:JD) last released its quarterly earnings data 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. JD.com had a negative return on equity of 24.15% and a negative net margin of 4.29%. The business earned $9.80 billion during the quarter, compared to analysts’ expectations of $9.81 billion. During the same period in the prior year, the firm posted ($0.01) EPS. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. Equities analysts forecast that JD.com will post ($0.10) earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of JD. Advisor Group Inc. purchased a new stake in JD.com during the second quarter valued at $103,000. KBC Group NV increased its stake in JD.com by 3.4% in the second quarter. KBC Group NV now owns 8,016 shares of the company’s stock valued at $170,000 after buying an additional 264 shares during the last quarter. Suntrust Banks Inc. increased its stake in JD.com by 3.6% in the second quarter. Suntrust Banks Inc. now owns 10,466 shares of the company’s stock valued at $221,000 after buying an additional 366 shares during the last quarter. Alpine Partners VI LLC purchased a new stake in JD.com during the first quarter valued at $229,000. Finally, Seven Bridges Advisors LLC purchased a new stake in JD.com during the second quarter valued at $234,000. 54.30% of the stock is owned by institutional investors and hedge funds.
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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