JD.Com Inc (JD) Short Interest Update

JD.Com Inc (NASDAQ:JD) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 44,512,151 shares, an increase of 7.6% from the October 15th total of 41,385,456 shares. Currently, 3.8% of the company’s stock are short sold. Based on an average daily volume of 15,688,978 shares, the short-interest ratio is presently 2.8 days.

Several research firms have issued reports on JD. Benchmark decreased their price objective on shares of JD.Com from $48.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, August 17th. Nomura decreased their price objective on shares of JD.Com from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, August 17th. Zacks Investment Research downgraded shares of JD.Com from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. KeyCorp decreased their price objective on shares of JD.Com from $51.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, August 17th. Finally, TheStreet downgraded shares of JD.Com from a “c” rating to a “d” rating in a research note on Monday, August 20th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. JD.Com currently has a consensus rating of “Hold” and an average target price of $38.89.

Hedge funds have recently added to or reduced their stakes in the company. Neuburgh Advisers LLC acquired a new stake in shares of JD.Com in the second quarter valued at approximately $102,000. Legacy Advisors LLC grew its position in shares of JD.Com by 200.0% in the second quarter. Legacy Advisors LLC now owns 3,000 shares of the information services provider’s stock valued at $117,000 after purchasing an additional 2,000 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of JD.Com by 69.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,347 shares of the information services provider’s stock valued at $130,000 after purchasing an additional 1,375 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of JD.Com in the third quarter valued at approximately $130,000. Finally, Glen Harbor Capital Management LLC acquired a new stake in shares of JD.Com in the second quarter valued at approximately $140,000. Institutional investors and hedge funds own 50.90% of the company’s stock.

NASDAQ JD opened at $21.70 on Friday. The stock has a market cap of $28.41 billion, a P/E ratio of 2,170.00 and a beta of 1.40. JD.Com has a 52-week low of $21.58 and a 52-week high of $50.68. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.66.

JD.Com (NASDAQ:JD) last issued its earnings results on Thursday, August 16th. The information services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.35. JD.Com had a negative net margin of 0.12% and a negative return on equity of 0.96%. The company had revenue of $122.30 billion for the quarter, compared to analyst estimates of $122.78 billion. During the same period in the prior year, the business posted $0.67 earnings per share. The firm’s revenue for the quarter was up 31.2% compared to the same quarter last year. As a group, sell-side analysts predict that JD.Com will post 0.14 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of international trademark & copyright legislation. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/11/10/jd-com-inc-jd-short-interest-update.html.

JD.Com Company Profile

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.

Read More: What is a stock buyback?

Receive News & Ratings for JD.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.Com and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply