JD.Com Inc (JD) Short Interest Update

JD.Com Inc (NASDAQ:JD) was the recipient of a large decline in short interest in the month of December. As of December 29th, there was short interest totalling 43,069,381 shares, a decline of 16.9% from the December 15th total of 51,826,250 shares. Approximately 3.7% of the company’s shares are sold short. Based on an average daily trading volume, of 12,552,189 shares, the short-interest ratio is presently 3.4 days.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FIL Ltd boosted its position in JD.Com by 36.1% during the second quarter. FIL Ltd now owns 9,860,118 shares of the information services provider’s stock worth $386,713,000 after purchasing an additional 2,616,886 shares during the period. GQG Partners LLC bought a new stake in JD.Com during the second quarter worth approximately $85,822,000. Rovida Advisors Inc. bought a new stake in JD.Com during the third quarter worth approximately $43,403,000. Hermes Investment Management Ltd. boosted its position in JD.Com by 35.5% during the third quarter. Hermes Investment Management Ltd. now owns 4,016,844 shares of the information services provider’s stock worth $153,443,000 after purchasing an additional 1,051,571 shares during the period. Finally, Macquarie Group Ltd. boosted its position in JD.Com by 37.7% during the third quarter. Macquarie Group Ltd. now owns 3,738,921 shares of the information services provider’s stock worth $142,826,000 after purchasing an additional 1,023,732 shares during the period. 44.04% of the stock is owned by institutional investors and hedge funds.

Shares of JD.Com (NASDAQ:JD) opened at $46.40 on Tuesday. The company has a market capitalization of $66,070.00, a P/E ratio of -662.86 and a beta of 1.38. JD.Com has a 12 month low of $26.52 and a 12 month high of $48.99. The company has a quick ratio of 0.79, a current ratio of 1.12 and a debt-to-equity ratio of 0.30.

JD.Com (NASDAQ:JD) last announced its quarterly earnings results on Monday, November 13th. The information services provider reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.12. JD.Com had a positive return on equity of 0.83% and a negative net margin of 0.29%. research analysts expect that JD.Com will post 0.07 earnings per share for the current year.

A number of equities analysts have recently weighed in on the company. Vetr upgraded JD.Com from a “hold” rating to a “buy” rating and set a $45.83 target price on the stock in a report on Friday, September 22nd. KeyCorp set a $49.00 target price on JD.Com and gave the company a “buy” rating in a report on Thursday, October 19th. Morgan Stanley downgraded JD.Com from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $50.00 to $52.00 in a report on Tuesday, November 14th. Zacks Investment Research downgraded JD.Com from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Finally, BidaskClub downgraded JD.Com from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. JD.Com currently has a consensus rating of “Buy” and an average target price of $46.75.

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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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