JD.com, Inc. (NASDAQ:JD) Sees Large Decrease in Short Interest

JD.com, Inc. (NASDAQ:JD) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 36,980,000 shares, a decrease of 6.8% from the October 31st total of 39,660,000 shares. Based on an average trading volume of 17,930,000 shares, the days-to-cover ratio is currently 2.1 days.

Wall Street Analyst Weigh In

JD has been the topic of a number of recent research reports. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and cut their price target for the stock from $49.00 to $48.00 in a report on Monday, October 21st. StockNews.com upgraded shares of JD.com from a “hold” rating to a “buy” rating in a report on Friday, November 22nd. Susquehanna reissued a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research note on Monday, August 19th. JPMorgan Chase & Co. lifted their target price on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Barclays increased their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.36.

Institutional Trading of JD.com

A number of hedge funds and other institutional investors have recently made changes to their positions in JD. Atlas Capital Advisors LLC purchased a new stake in shares of JD.com during the second quarter worth approximately $28,000. Wilmington Savings Fund Society FSB purchased a new position in JD.com during the third quarter worth about $49,000. Huntington National Bank lifted its holdings in shares of JD.com by 32.1% in the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after acquiring an additional 452 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in JD.com in the 3rd quarter valued at approximately $103,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in JD.com by 58.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock worth $120,000 after purchasing an additional 1,102 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Stock Down 1.0 %

Shares of NASDAQ JD opened at $37.10 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average price is $39.34 and its 200-day moving average price is $31.80. JD.com has a 12-month low of $20.82 and a 12-month high of $47.82. The stock has a market capitalization of $58.51 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 0.31 and a beta of 0.38.

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.