JD.com, Inc. (NASDAQ:JD) Short Interest Up 24.1% in August

JD.com, Inc. (NASDAQ:JD) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 33,720,000 shares, an increase of 24.1% from the August 15th total of 27,180,000 shares. Based on an average trading volume of 12,010,000 shares, the days-to-cover ratio is currently 2.8 days.

JD.com Price Performance

Shares of NASDAQ:JD opened at $26.24 on Friday. JD.com has a 1-year low of $20.82 and a 1-year high of $35.69. The business has a fifty day moving average price of $26.55 and a 200-day moving average price of $27.70. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. The company has a market capitalization of $41.38 billion, a PE ratio of 11.98 and a beta of 0.39.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $8.57. The company had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. As a group, equities analysts expect that JD.com will post 3.74 EPS for the current fiscal year.

Institutional Investors Weigh In On JD.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atlas Capital Advisors LLC acquired a new stake in JD.com in the second quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC boosted its position in shares of JD.com by 812.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after acquiring an additional 1,681 shares in the last quarter. Hexagon Capital Partners LLC acquired a new stake in shares of JD.com in the 1st quarter valued at about $58,000. Parallel Advisors LLC boosted its position in shares of JD.com by 20.1% in the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock valued at $119,000 after purchasing an additional 686 shares during the period. Finally, Advisors Preferred LLC purchased a new stake in JD.com during the 1st quarter valued at approximately $126,000. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Loop Capital dropped their target price on JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Friday, June 21st. JPMorgan Chase & Co. upgraded JD.com from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $33.00 to $36.00 in a research note on Friday, August 16th. Benchmark dropped their price target on JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, August 16th. Susquehanna reiterated a “neutral” rating and issued a $28.00 price objective on shares of JD.com in a research report on Monday, August 19th. Finally, Barclays decreased their price target on JD.com from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, JD.com presently has an average rating of “Moderate Buy” and a consensus target price of $36.93.

About JD.com

JD.com, Inc operates as a supply chain-based technology and service provider 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.