JD.com, Inc. (NASDAQ:JD – Get Free Report) 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 – Get Free Report) 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
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.
Check Out Our Latest Report on JD
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.
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