JD.com, Inc. (NASDAQ:JD) Short Interest Up 8.2% in December

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

Institutional Investors Weigh In On JD.com

Hedge funds have recently made changes to their positions in the business. Two Sigma Advisers LP raised its holdings in JD.com by 329.9% during the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after purchasing an additional 4,839,700 shares in the last quarter. FMR LLC raised its holdings in JD.com by 41.0% during the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock worth $611,080,000 after purchasing an additional 4,445,277 shares in the last quarter. National Bank of Canada FI raised its holdings in JD.com by 65,089.6% during the third quarter. National Bank of Canada FI now owns 2,214,492 shares of the information services provider’s stock worth $88,580,000 after purchasing an additional 2,211,095 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in JD.com by 117.1% during the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock worth $161,356,000 after purchasing an additional 2,175,568 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in JD.com during the third quarter worth about $73,311,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

Analyst Upgrades and Downgrades

JD has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Loop Capital raised shares of JD.com from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $49.00 to $48.00 in a research report on Monday, October 21st. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $43.00 to $46.00 in a research report on Monday, December 9th. Barclays lifted their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Citigroup decreased their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Price Performance

Shares of JD opened at $39.00 on Tuesday. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $47.82. The company has a market capitalization of $61.51 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 0.25 and a beta of 0.39. The firm has a 50-day simple moving average of $36.02 and a 200-day simple moving average of $33.37. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

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.