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

JD.com, Inc. (NASDAQ:JD - Get Free Report) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 34,310,000 shares, a growth of 8.2% from the December 15th total of 31,710,000 shares. Based on an average daily trading volume, of 12,080,000 shares, the days-to-cover ratio is presently 2.8 days.

Analysts Set New Price Targets

JD has been the topic of several research analyst reports. Citigroup cut their target price on JD.com from $52.00 to $51.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. JPMorgan Chase & Co. raised their price target on shares of JD.com from $40.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Loop Capital upgraded shares of JD.com from a "hold" rating to a "buy" rating and dropped their price objective for the company from $49.00 to $48.00 in a report on Monday, October 21st. Barclays raised their target price on JD.com from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Finally, StockNews.com raised JD.com from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, JD.com has a consensus rating of "Moderate Buy" and an average target price of $41.36.

JD.com Stock Performance

Shares of JD traded up $3.58 during trading hours on Monday, hitting $39.00. The company's stock had a trading volume of 28,457,124 shares, compared to its average volume of 6,059,499. The company has a market cap of $61.51 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.25 and a beta of 0.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The business has a 50 day simple moving average of $36.02 and a two-hundred day simple moving average of $33.37. JD.com has a 52-week low of $20.82 and a 52-week high of $47.82.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Brooklyn Investment Group bought a new position in shares of JD.com in the fourth quarter worth approximately $34,000. Nisa Investment Advisors LLC raised its position in shares of JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock valued at $35,000 after buying an additional 417 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of JD.com during the 4th quarter worth $41,000. Wilmington Savings Fund Society FSB purchased a new position in JD.com in the third quarter worth $49,000. Finally, Trium Capital LLP bought a new position in JD.com in the fourth quarter valued at $62,000. Hedge funds and other institutional investors own 15.98% of the company's stock.

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.