JD.com, Inc. (NASDAQ:JD - Get Free Report) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 27,910,000 shares, a drop of 16.0% from the February 28th total of 33,220,000 shares. Based on an average trading volume of 12,520,000 shares, the short-interest ratio is presently 2.2 days. Currently, 2.1% of the company's stock are sold short.
Institutional Trading of JD.com
Large investors have recently modified their holdings of the stock. Cerity Partners LLC increased its holdings in JD.com by 9.4% in the 3rd quarter. Cerity Partners LLC now owns 18,466 shares of the information services provider's stock valued at $739,000 after buying an additional 1,586 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of JD.com during the 3rd quarter worth approximately $290,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in JD.com by 280.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,652 shares of the information services provider's stock valued at $1,026,000 after acquiring an additional 18,916 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in JD.com by 24.3% during the third quarter. Rockefeller Capital Management L.P. now owns 21,295 shares of the information services provider's stock valued at $851,000 after purchasing an additional 4,157 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of JD.com in the 3rd quarter valued at $756,000. 15.98% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. UBS Group set a $51.00 price objective on JD.com in a research note on Friday, March 7th. StockNews.com cut shares of JD.com from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 11th. Benchmark boosted their price objective on shares of JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Mizuho raised their target price 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. Finally, Dbs Bank raised JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, JD.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.64.
View Our Latest Research Report on JD
JD.com Price Performance
Shares of NASDAQ JD traded down $3.09 during midday trading on Friday, reaching $36.81. The company's stock had a trading volume of 25,761,107 shares, compared to its average volume of 13,684,741. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17. The company has a market cap of $58.05 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.31 and a beta of 0.53. The business's 50 day moving average price is $41.33 and its two-hundred day moving average price is $38.85. JD.com has a fifty-two week low of $24.13 and a fifty-two week high of $47.82.
JD.com Increases Dividend
The business also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.76 per share. This represents a dividend yield of 1.7%. This is an increase from JD.com's previous annual dividend of $0.74. The ex-dividend date is Tuesday, April 8th. JD.com's dividend payout ratio is presently 26.13%.
JD.com Company Profile
(
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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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