JD.com Inc. (NASDAQ:JD) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 61,816,400 shares, a decline of 3.0% from the September 15th total of 63,709,523 shares. Based on an average daily trading volume, of 11,617,808 shares, the short-interest ratio is presently 5.3 days. Currently, 5.6% of the shares of the company are sold short.
Shares of JD.com (NASDAQ:JD) opened at 26.26 on Wednesday. The stock’s market cap is $37.90 billion. The stock has a 50 day moving average of $26.41 and a 200 day moving average of $24.34. JD.com has a 1-year low of $19.51 and a 1-year high of $33.48.
JD.com (NASDAQ:JD) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.32. JD.com had a negative net margin of 4.29% and a negative return on equity of 24.15%. The firm earned $9.80 billion during the quarter, compared to analysts’ expectations of $9.81 billion. During the same quarter last year, the business earned ($0.01) earnings per share. The business’s revenue for the quarter was up 42.0% compared to the same quarter last year. Equities research analysts forecast that JD.com will post ($0.10) EPS for the current year.
A number of research firms recently issued reports on JD. Vetr downgraded shares of JD.com from a “buy” rating to a “hold” rating and set a $25.97 target price for the company. in a research report on Tuesday, August 16th. T.H. Capital downgraded shares of JD.com from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. MKM Partners set a $32.00 target price on shares of JD.com and gave the company a “buy” rating in a research report on Wednesday, August 10th. Brean Capital restated a “buy” rating on shares of JD.com in a research report on Tuesday, July 19th. Finally, Goldman Sachs Group Inc. began coverage on shares of JD.com in a research report on Monday, July 25th. They set a “buy” rating and a $31.00 target price for the company. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $31.47.
Several hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. bought a new stake in shares of JD.com during the second quarter valued at approximately $103,000. KBC Group NV boosted its stake in shares of JD.com by 3.4% in the second quarter. KBC Group NV now owns 8,016 shares of the company’s stock valued at $170,000 after buying an additional 264 shares during the period. Suntrust Banks Inc. boosted its stake in shares of JD.com by 3.6% in the second quarter. Suntrust Banks Inc. now owns 10,466 shares of the company’s stock valued at $221,000 after buying an additional 366 shares during the period. Alpine Partners VI LLC bought a new stake in shares of JD.com during the first quarter valued at approximately $229,000. Finally, Seven Bridges Advisors LLC bought a new stake in shares of JD.com during the second quarter valued at approximately $234,000. Hedge funds and other institutional investors own 54.64% of the company’s stock.
JD.com Company Profile
JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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