JD.com, Inc. (NASDAQ:JD) Sees Significant Increase in Short Interest

JD.com, Inc. (NASDAQ:JD) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 39,030,000 shares, a growth of 17.1% from the January 15th total of 33,320,000 shares. Based on an average daily trading volume, of 11,030,000 shares, the days-to-cover ratio is presently 3.5 days.

Analysts Set New Price Targets

Several brokerages recently commented on JD. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Dbs Bank raised JD.com to a “strong-buy” rating in a research note on Wednesday. StockNews.com downgraded JD.com from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Citigroup dropped their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, Benchmark reissued a “buy” rating and issued a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, JD.com presently has an average rating of “Moderate Buy” and a consensus target price of $41.36.

Hedge Funds Weigh In On JD.com

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in JD.com by 1.7% during the fourth quarter. Rhumbline Advisers now owns 16,186 shares of the information services provider’s stock worth $561,000 after purchasing an additional 265 shares during the period. Quintet Private Bank Europe S.A. boosted its holdings in shares of JD.com by 4.5% during the fourth quarter. Quintet Private Bank Europe S.A. now owns 7,813 shares of the information services provider’s stock worth $271,000 after acquiring an additional 334 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of JD.com by 71.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after acquiring an additional 417 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of JD.com by 4.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider’s stock worth $353,000 after acquiring an additional 436 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of JD.com by 32.1% during the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after acquiring an additional 452 shares during the period. Institutional investors own 15.98% of the company’s stock.

JD.com Stock Up 4.5 %

Shares of NASDAQ:JD traded up $1.79 during midday trading on Friday, reaching $41.38. The company had a trading volume of 13,308,779 shares, compared to its average volume of 10,550,680. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average price is $37.71 and its 200 day moving average price is $35.15. The stock has a market cap of $65.26 billion, a PE ratio of 13.09, a P/E/G ratio of 0.30 and a beta of 0.40. JD.com has a 1-year low of $21.18 and a 1-year high of $47.82.

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.