JD.Com Inc (NASDAQ:JD) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 58,005,430 shares, an increase of 3.6% from the August 15th total of 55,983,436 shares. Currently, 5.2% of the company’s stock are short sold. Based on an average daily volume of 10,301,452 shares, the short-interest ratio is presently 5.6 days.
JD.Com (NASDAQ:JD) opened at 25.85 on Wednesday. JD.Com has a 12-month low of $19.51 and a 12-month high of $33.48. The stock’s market capitalization is $37.31 billion. The firm’s 50-day moving average is $25.02 and its 200 day moving average is $24.35.
JD.Com (NASDAQ:JD) last released its earnings results on Wednesday, August 10th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.32. The business had revenue of $9.80 billion for the quarter, compared to the consensus estimate of $9.81 billion. During the same quarter in the previous year, the firm earned ($0.01) EPS. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. Equities research analysts anticipate that JD.Com will post ($0.09) earnings per share for the current year.
A number of research firms recently commented on JD. MKM Partners reaffirmed a “buy” rating and issued a $32.00 target price on shares of JD.Com in a research report on Thursday, June 23rd. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $31.00 target price on shares of JD.Com in a research report on Tuesday, June 21st. Brean Capital reiterated a “buy” rating on shares of JD.Com in a research note on Tuesday, June 21st. Finally, Vetr cut shares of JD.Com from a “strong-buy” rating to a “buy” rating and set a $27.44 price target for the company. in a research note on Tuesday, May 31st. Ten equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $31.39.
A number of hedge funds have recently added to or reduced their stakes in JD. BlackRock Group LTD raised its stake in JD.Com by 9.5% in the first quarter. BlackRock Group LTD now owns 5,502,733 shares of the company’s stock valued at $145,822,000 after buying an additional 476,504 shares during the last quarter. BlackRock Inc. raised its stake in JD.Com by 24.1% in the first quarter. BlackRock Inc. now owns 984,202 shares of the company’s stock valued at $26,081,000 after buying an additional 190,924 shares during the last quarter. NF Trinity Capital Hong Kong Ltd acquired a new stake in JD.Com during the first quarter valued at $7,712,000. Teachers Advisors Inc. raised its stake in JD.Com by 1.6% in the first quarter. Teachers Advisors Inc. now owns 341,072 shares of the company’s stock valued at $9,038,000 after buying an additional 5,372 shares during the last quarter. Finally, Cornerstone Financial Partners LLC acquired a new stake in JD.Com during the first quarter valued at $675,000.
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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