JD.com, Inc. (NASDAQ:JD) Short Interest Down 5.4% in August

JD.com, Inc. (NASDAQ:JD) was the target of a large drop in short interest in August. As of August 15th, there was short interest totalling 22,210,000 shares, a drop of 5.4% from the July 31st total of 23,470,000 shares. Based on an average daily volume of 10,810,000 shares, the days-to-cover ratio is currently 2.1 days.

JD.com Stock Down 2.2 %

JD stock opened at $33.21 on Friday. The company has a market cap of $46.38 billion, a P/E ratio of 17.30, a P/E/G ratio of 0.32 and a beta of 0.49. JD.com has a 52 week low of $31.57 and a 52 week high of $67.10. The company’s 50-day moving average price is $36.29 and its 200 day moving average price is $38.45. The company has a current ratio of 1.34, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Wednesday, August 16th. The information services provider reported $5.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.95 by $0.44. JD.com had a net margin of 2.04% and a return on equity of 10.25%. The company had revenue of $287.93 billion for the quarter, compared to the consensus estimate of $279.99 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, research analysts expect that JD.com will post 2.48 earnings per share for the current fiscal year.

Institutional Trading of JD.com

Several institutional investors and hedge funds have recently modified their holdings of JD. Comerica Bank acquired a new position in shares of JD.com in the second quarter valued at approximately $2,890,000. GTS Securities LLC acquired a new position in shares of JD.com in the second quarter valued at approximately $12,495,000. Wells Fargo & Company MN raised its position in shares of JD.com by 1.5% in the second quarter. Wells Fargo & Company MN now owns 98,318 shares of the information services provider’s stock valued at $3,356,000 after buying an additional 1,481 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of JD.com in the second quarter valued at approximately $486,000. Finally, Centric Wealth Management acquired a new position in shares of JD.com in the second quarter valued at approximately $362,000. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Benchmark lifted their price target on shares of JD.com from $72.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. Susquehanna cut their price target on shares of JD.com from $40.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday. StockNews.com lowered shares of JD.com from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of JD.com from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Friday, August 18th. Finally, Mizuho dropped their price objective on shares of JD.com from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 17th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $54.42.

JD.com Company Profile

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, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.