JD.com, Inc. (NASDAQ:JD) Sees Large Decline in Short Interest

JD.com, Inc. (NASDAQ:JD) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 34,560,000 shares, a drop of 9.5% from the June 30th total of 38,200,000 shares. Based on an average daily volume of 11,770,000 shares, the short-interest ratio is presently 2.9 days.

JD.com Stock Performance

JD.com stock traded up $0.03 during mid-day trading on Wednesday, reaching $26.39. 5,061,321 shares of the company traded hands, compared to its average volume of 13,108,185. The firm’s fifty day moving average is $28.13 and its two-hundred day moving average is $26.97. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $41.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.15 and a quick ratio of 0.88. The company has a market capitalization of $41.62 billion, a price-to-earnings ratio of 12.05 and a beta of 0.39.

JD.com (NASDAQ:JD) last issued its earnings results on Thursday, May 16th. The information services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.17. The firm had revenue of $36.02 billion during the quarter, compared to analysts’ expectations of $35.75 billion. JD.com had a net margin of 2.26% and a return on equity of 11.43%. On average, equities research analysts expect that JD.com will post 3.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on JD shares. Susquehanna decreased their target price on JD.com from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, April 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $27.00 price objective on shares of JD.com in a research report on Thursday, April 18th. Barclays lowered their target price on JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Nomura decreased their price objective on JD.com from $36.00 to $33.00 in a research report on Friday, April 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of JD.com from $25.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.13.

Institutional Investors Weigh In On JD.com

A number of institutional investors have recently added to or reduced their stakes in JD. Avitas Wealth Management LLC increased its stake 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 acquiring 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 during the last quarter. abrdn plc raised its holdings in JD.com by 1.2% in the 4th quarter. abrdn plc now owns 53,544 shares of the information services provider’s stock valued at $1,547,000 after buying an additional 659 shares during the period. Parallel Advisors LLC lifted its holdings in shares of JD.com by 20.1% in the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after acquiring an additional 686 shares during the last quarter. Finally, Solstein Capital LLC lifted its stake in JD.com by 10.0% in the first quarter. Solstein Capital LLC now owns 7,704 shares of the information services provider’s stock worth $211,000 after acquiring an additional 700 shares during the last quarter. Institutional investors and hedge funds 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.