Short Interest in JD.com, Inc. (NASDAQ:JD) Decreases By 8.0%

JD.com, Inc. (NASDAQ:JD) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 34,520,000 shares, a decline of 8.0% from the May 31st total of 37,520,000 shares. Based on an average daily volume of 12,250,000 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Investors Weigh In On JD.com

A number of institutional investors have recently modified their holdings of the company. SRN Advisors LLC lifted its holdings in JD.com by 89.3% during the 1st quarter. SRN Advisors LLC now owns 56,644 shares of the information services provider’s stock worth $1,551,000 after buying an additional 26,726 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in JD.com by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 369,100 shares of the information services provider’s stock valued at $10,110,000 after purchasing an additional 63,800 shares during the period. Cetera Advisors LLC acquired a new position in JD.com during the 1st quarter worth $280,000. Wahed Invest LLC increased its holdings in JD.com by 34.0% during the 1st quarter. Wahed Invest LLC now owns 44,096 shares of the information services provider’s stock worth $1,208,000 after purchasing an additional 11,178 shares during the period. Finally, Tidal Investments LLC acquired a new stake in JD.com in the 1st quarter valued at about $849,000. 15.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Mizuho raised their target price on JD.com from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Loop Capital cut their price target on shares of JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Friday, June 21st. JPMorgan Chase & Co. upped their price objective on shares of JD.com from $25.00 to $28.00 and gave the company a “hold” rating in a report on Friday, April 5th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Susquehanna decreased their target price on shares of JD.com from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, April 5th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.20.

JD.com Trading Up 3.0 %

JD.com stock traded up $0.79 during midday trading on Wednesday, hitting $26.88. 5,084,115 shares of the stock were exchanged, compared to its average volume of 13,801,479. The company has a current ratio of 1.15, a quick ratio of 0.88 and a debt-to-equity ratio of 0.15. The stock’s 50-day simple moving average is $30.24 and its 200 day simple moving average is $27.01. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $41.95. The stock has a market capitalization of $42.39 billion, a price-to-earnings ratio of 12.14 and a beta of 0.39.

JD.com (NASDAQ:JD) last posted its earnings results on Thursday, May 16th. The information services provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.17. The company had revenue of $36.02 billion for the quarter, compared to the consensus estimate of $35.75 billion. JD.com had a return on equity of 11.43% and a net margin of 2.26%. On average, equities analysts anticipate that JD.com will post 3.08 EPS for the current year.

JD.com Company Profile

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.