JD.com Inc. (JD) Short Interest Update
JD.com Inc. (NASDAQ:JD) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 61,816,400 shares, a decline of 3.0% from the September 15th total of 63,709,523 shares. Currently, 5.6% of the shares of the company are short sold. Based on an average daily volume of 11,617,808 shares, the short-interest ratio is currently 5.3 days.
Large investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. boosted its stake in JD.com by 2.9% in the first quarter. UBS Asset Management Americas Inc. now owns 3,244,343 shares of the company’s stock worth $85,976,000 after buying an additional 92,900 shares during the period. Rafferty Asset Management LLC boosted its stake in JD.com by 8.2% in the first quarter. Rafferty Asset Management LLC now owns 28,760 shares of the company’s stock worth $762,000 after buying an additional 2,178 shares during the period. Matthews International Capital Management LLC boosted its stake in JD.com by 18.0% in the first quarter. Matthews International Capital Management LLC now owns 1,118,507 shares of the company’s stock worth $29,640,000 after buying an additional 171,007 shares during the period. Canada Pension Plan Investment Board boosted its stake in JD.com by 58.0% in the first quarter. Canada Pension Plan Investment Board now owns 3,814,000 shares of the company’s stock worth $101,071,000 after buying an additional 1,400,000 shares during the period. Finally, Wexford Capital LP boosted its stake in JD.com by 163.3% in the first quarter. Wexford Capital LP now owns 347,594 shares of the company’s stock worth $9,211,000 after buying an additional 215,601 shares during the period. 54.30% of the stock is currently owned by institutional investors.
Shares of JD.com (NASDAQ:JD) opened at 26.27 on Friday. The firm’s 50-day moving average price is $26.35 and its 200-day moving average price is $24.38. The firm’s market cap is $37.92 billion. JD.com has a one year low of $19.51 and a one year high of $33.48.
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JD.com (NASDAQ:JD) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.32. The company had revenue of $9.80 billion for the quarter, compared to analysts’ expectations of $9.81 billion. JD.com had a negative return on equity of 24.15% and a negative net margin of 4.29%. The business’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) earnings per share. Equities research analysts expect that JD.com will post ($0.10) earnings per share for the current fiscal year.
JD has been the subject of several research reports. Brean Capital reissued a “buy” rating on shares of JD.com in a report on Tuesday, July 19th. Vetr downgraded JD.com from a “strong-buy” rating to a “buy” rating and set a $23.46 target price for the company. in a report on Wednesday, July 13th. MKM Partners reaffirmed a “buy” rating and set a $32.00 price objective on shares of JD.com in a research note on Thursday, June 23rd. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $31.00 price objective on shares of JD.com in a research note on Tuesday, June 21st. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $32.00 price objective (up from $31.00) on shares of JD.com in a research note on Wednesday, August 10th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. JD.com currently has a consensus rating of “Buy” and a consensus price target of $31.33.
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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