JD.com, Inc. (NASDAQ:JD) Sees Large Decrease in Short Interest

by · The Cerbat Gem

JD.com, Inc. (NASDAQ:JD – Get Free Report) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 22,640,000 shares, a drop of 18.9% from the March 15th total of 27,910,000 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average trading volume of 13,910,000 shares, the days-to-cover ratio is presently 1.6 days.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on JD shares. Barclays increased their price target on shares of JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of JD.com in a research note on Friday, March 7th. UBS Group set a $51.00 price target on JD.com in a research note on Friday, March 7th. StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, Mizuho lifted their price objective on shares of JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $48.67.

Check Out Our Latest Research Report on JD.com

Hedge Funds Weigh In On JD.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in JD.com by 86.2% during the 4th quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock worth $986,280,000 after acquiring an additional 13,170,649 shares during the last quarter. Appaloosa LP boosted its holdings in JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock worth $362,852,000 after purchasing an additional 3,165,885 shares during the last quarter. CoreView Capital Management Ltd grew its position in JD.com by 204.8% in the fourth quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider’s stock valued at $221,878,000 after purchasing an additional 4,299,872 shares in the last quarter. Temasek Holdings Private Ltd increased its stake in JD.com by 18.4% in the 4th quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider’s stock valued at $160,366,000 after buying an additional 718,760 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of JD.com by 76.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,313,700 shares of the information services provider’s stock valued at $114,886,000 after acquiring an additional 1,440,418 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Trading Down 1.9 %

JD stock traded down $0.66 during midday trading on Monday, reaching $34.06. The company’s stock had a trading volume of 14,685,966 shares, compared to its average volume of 14,165,371. The business’s 50-day simple moving average is $40.02 and its 200-day simple moving average is $38.88. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. JD.com has a 52 week low of $24.13 and a 52 week high of $47.82. The stock has a market cap of $53.72 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53.

JD.com Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a $0.76 dividend. This represents a yield of 1.7%. The ex-dividend date is Tuesday, April 8th. This is an increase from JD.com’s previous annual dividend of $0.74. JD.com’s dividend payout ratio is currently 26.13%.

About JD.com

(Get Free Report)

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.

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