Short Interest in JD.com, Inc. (NASDAQ:JD) Expands By 8.2%

JD.com, Inc. (NASDAQ:JD) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 34,310,000 shares, an increase of 8.2% from the December 31st total of 31,710,000 shares. Based on an average daily volume of 12,080,000 shares, the short-interest ratio is presently 2.8 days.

Institutional Investors Weigh In On JD.com

Hedge funds and other institutional investors have recently made changes to their positions in the business. Polunin Capital Partners Ltd grew its stake in shares of JD.com by 27.8% in the third quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock worth $82,291,000 after purchasing an additional 447,264 shares during the last quarter. Seven Grand Managers LLC acquired a new position in JD.com in the third quarter valued at $16,800,000. Citigroup Inc. lifted its holdings in JD.com by 9.9% in the third quarter. Citigroup Inc. now owns 400,294 shares of the information services provider’s stock valued at $16,012,000 after buying an additional 36,096 shares during the period. SG Americas Securities LLC lifted its holdings in JD.com by 55.8% in the third quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock valued at $3,770,000 after buying an additional 33,771 shares during the period. Finally, Maple Rock Capital Partners Inc. lifted its holdings in JD.com by 5.9% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock valued at $143,086,000 after buying an additional 200,200 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

JD.com Price Performance

JD stock opened at $40.03 on Tuesday. The stock has a 50-day moving average price of $36.93 and a two-hundred day moving average price of $34.28. The stock has a market cap of $63.13 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 0.30 and a beta of 0.40. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. JD.com has a 1 year low of $21.18 and a 1 year high of $47.82.

Wall Street Analyst Weigh In

Several research analysts have recently commented on JD shares. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $43.00 to $46.00 in a research note on Monday, December 9th. Citigroup cut their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 15th. JPMorgan Chase & Co. lifted their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and lowered their price objective for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Finally, StockNews.com lowered shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.36.

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.