JD.com, Inc. (NASDAQ:JD) Short Interest Update

JD.com, Inc. (NASDAQ:JDGet Rating) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 16,180,000 shares, an increase of 8.1% from the August 15th total of 14,970,000 shares. Based on an average daily volume of 8,420,000 shares, the short-interest ratio is presently 1.9 days. Currently, 1.2% of the company’s stock are short sold.

Institutional Investors Weigh In On JD.com

A number of institutional investors have recently added to or reduced their stakes in JD. GQG Partners LLC purchased a new stake in JD.com in the 2nd quarter valued at approximately $673,008,000. Assenagon Asset Management S.A. boosted its stake in shares of JD.com by 17,167.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 5,622,191 shares of the information services provider’s stock worth $325,356,000 after acquiring an additional 5,589,631 shares in the last quarter. Hhlr Advisors LTD. boosted its stake in shares of JD.com by 76.9% during the 1st quarter. Hhlr Advisors LTD. now owns 8,434,471 shares of the information services provider’s stock worth $488,103,000 after acquiring an additional 3,667,164 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of JD.com by 157.5% during the 1st quarter. Bank of America Corp DE now owns 3,646,746 shares of the information services provider’s stock worth $211,037,000 after acquiring an additional 2,230,378 shares in the last quarter. Finally, Banco Santander S.A. boosted its stake in shares of JD.com by 234.9% during the 1st quarter. Banco Santander S.A. now owns 2,420,922 shares of the information services provider’s stock worth $140,099,000 after acquiring an additional 1,698,082 shares in the last quarter. Hedge funds and other institutional investors own 25.45% of the company’s stock.

JD.com Stock Performance

Shares of JD stock opened at $56.82 on Tuesday. The stock has a market capitalization of $76.58 billion, a PE ratio of -82.35 and a beta of 0.34. JD.com has a 52-week low of $41.56 and a 52-week high of $92.69. The stock’s 50-day moving average price is $60.02 and its 200 day moving average price is $59.03. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.10.

Analyst Ratings Changes

JD has been the topic of a number of analyst reports. The Goldman Sachs Group cut their price target on JD.com from $98.00 to $89.00 and set a “buy” rating on the stock in a research note on Monday, July 11th. Susquehanna raised their price target on JD.com from $55.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday, September 12th. Benchmark raised their price target on JD.com from $106.00 to $109.00 in a research note on Wednesday, August 24th. Citigroup cut their price target on JD.com from $93.00 to $91.00 in a research note on Wednesday, August 24th. Finally, Susquehanna Bancshares raised their price target on JD.com from $55.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday, September 12th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and an average price target of $88.64.

JD.com Company Profile

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JD.com, Inc provides supply chain-based technologies and services 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, books, automobile accessories, apparel and footwear, bags, and jewelry.

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