JD.com, Inc. (JD) Short Interest Update
JD.com, Inc. (NASDAQ:JD) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 32,563,227 shares, a growth of 16.8% from the August 31st total of 27,868,170 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average daily trading volume, of 11,061,151 shares, the short-interest ratio is currently 2.9 days.
Hedge funds have recently made changes to their positions in the business. Highstreet Asset Management Inc. acquired a new stake in JD.com in the second quarter valued at $127,000. IFP Advisors Inc lifted its stake in JD.com by 585.2% in the second quarter. IFP Advisors Inc now owns 4,899 shares of the information services provider’s stock valued at $192,000 after acquiring an additional 4,184 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in JD.com by 7.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,498 shares of the information services provider’s stock valued at $202,000 after acquiring an additional 464 shares during the last quarter. Suntrust Banks Inc. acquired a new stake in JD.com in the second quarter valued at $207,000. Finally, Bfsg LLC acquired a new stake in JD.com in the second quarter valued at $222,000. Hedge funds and other institutional investors own 46.43% of the company’s stock.
JD.com (JD) opened at 39.7100 on Thursday. JD.com has a 52-week low of $23.38 and a 52-week high of $48.99.
JD.com (NASDAQ:JD) last announced its quarterly earnings results on Monday, August 14th. The information services provider reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $93.20 billion during the quarter, compared to analysts’ expectations of $89.35 billion. JD.com had a negative net margin of 0.95% and a negative return on equity of 1.80%. The company’s revenue for the quarter was up 43.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 earnings per share. On average, equities research analysts predict that JD.com will post $0.46 EPS for the current year.
A number of equities research analysts have issued reports on JD shares. BidaskClub lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 15th. Vetr raised shares of JD.com from a “hold” rating to a “buy” rating and set a $45.83 target price for the company in a research note on Friday, September 22nd. MKM Partners raised shares of JD.com from a “neutral” rating to a “buy” rating and lifted their target price for the company from $33.00 to $51.00 in a research note on Wednesday, August 23rd. They noted that the move was a valuation call. HSBC Holdings plc reissued a “buy” rating and set a $49.00 target price on shares of JD.com in a research note on Tuesday, August 15th. Finally, Instinet reissued a “buy” rating and set a $55.00 target price (up previously from $46.00) on shares of JD.com in a research note on Tuesday, August 15th. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. JD.com presently has a consensus rating of “Buy” and a consensus price target of $43.37.
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JD.com Company Profile
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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