JD.com, Inc. (NASDAQ:JD - Get Free Report) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 22,640,000 shares, a decrease of 18.9% from the March 15th total of 27,910,000 shares. Based on an average daily volume of 13,910,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.7% of the company's stock are short sold.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. UBS Group set a $51.00 target price on JD.com in a research note on Friday, March 7th. Macquarie reissued a "neutral" rating and issued a $35.00 target price on shares of JD.com in a research note on Wednesday. Benchmark increased their target price on JD.com from $47.00 to $58.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Finally, Barclays increased their target price on JD.com from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.25.
Get Our Latest Report on JD.com
Hedge Funds Weigh In On JD.com
A number of hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. bought a new position in shares of JD.com in the first quarter worth approximately $248,000. Channing Global Advisors LLC lifted its position in JD.com by 27.3% during the first quarter. Channing Global Advisors LLC now owns 17,083 shares of the information services provider's stock valued at $702,000 after purchasing an additional 3,668 shares during the last quarter. TT International Asset Management LTD lifted its position in JD.com by 112.1% during the first quarter. TT International Asset Management LTD now owns 330,714 shares of the information services provider's stock valued at $13,599,000 after purchasing an additional 174,801 shares during the last quarter. Deltec Asset Management LLC bought a new position in JD.com during the first quarter valued at $206,000. Finally, Blue Trust Inc. lifted its position in JD.com by 14.3% during the first quarter. Blue Trust Inc. now owns 4,777 shares of the information services provider's stock valued at $196,000 after purchasing an additional 598 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.
JD.com Stock Performance
NASDAQ:JD traded up $0.96 on Wednesday, hitting $34.63. The stock had a trading volume of 4,155,312 shares, compared to its average volume of 14,166,015. JD.com has a 52-week low of $24.13 and a 52-week high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The stock has a market cap of $54.62 billion, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. The business's 50-day simple moving average is $39.80 and its two-hundred day simple moving average is $38.75.
JD.com Increases Dividend
The company also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a yield of 1.7%. This is an increase from JD.com's previous annual dividend of $0.74. JD.com's payout ratio is currently 26.13%.
JD.com Company Profile
(
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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