JD.Com Inc (JD) Short Interest Update
JD.Com Inc (NASDAQ:JD) was the recipient of a large decline in short interest during the month of September. As of September 28th, there was short interest totalling 43,816,694 shares, a decline of 8.7% from the September 14th total of 47,979,116 shares. Approximately 3.7% of the company’s shares are short sold. Based on an average daily volume of 20,501,674 shares, the short-interest ratio is currently 2.1 days.
Several analysts have commented on the stock. Zacks Investment Research cut shares of JD.Com from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. BidaskClub cut shares of JD.Com from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 12th. UBS Group dropped their target price on shares of JD.Com from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Morgan Stanley reiterated a “hold” rating and set a $25.00 target price on shares of JD.Com in a research report on Monday, September 17th. Finally, KeyCorp dropped their target price on shares of JD.Com from $51.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. JD.Com presently has an average rating of “Hold” and an average target price of $39.16.
Several hedge funds have recently made changes to their positions in JD. Neuburgh Advisers LLC acquired a new position in shares of JD.Com in the 2nd quarter valued at $102,000. Legacy Advisors LLC grew its holdings in shares of JD.Com by 200.0% in the 2nd quarter. Legacy Advisors LLC now owns 3,000 shares of the information services provider’s stock valued at $117,000 after buying an additional 2,000 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in shares of JD.Com by 69.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,347 shares of the information services provider’s stock valued at $130,000 after buying an additional 1,375 shares during the period. Glen Harbor Capital Management LLC acquired a new position in shares of JD.Com in the 2nd quarter valued at $140,000. Finally, Riverhead Capital Management LLC acquired a new position in shares of JD.Com in the 2nd quarter valued at $160,000. 51.17% of the stock is owned by institutional investors.
JD.Com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, August 16th. The information services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.35. JD.Com had a negative net margin of 0.12% and a negative return on equity of 0.96%. The company had revenue of $122.30 billion during the quarter, compared to analyst estimates of $122.78 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The firm’s revenue was up 31.2% on a year-over-year basis. As a group, sell-side analysts forecast that JD.Com will post 0.29 EPS for the current year.
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.
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