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.
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.
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