JD.Com Inc (NASDAQ:JD) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 51,826,250 shares, a decrease of 3.6% from the November 30th total of 53,746,906 shares. Approximately 4.4% of the company’s shares are sold short. Based on an average daily trading volume, of 16,288,610 shares, the short-interest ratio is currently 3.2 days.
A number of equities analysts have recently commented on JD shares. Zacks Investment Research downgraded shares of JD.Com from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. KeyCorp set a $51.00 target price on shares of JD.Com and gave the company a “buy” rating in a research note on Monday, November 13th. UBS Group upgraded shares of JD.Com from a “neutral” rating to a “buy” rating in a research note on Monday, October 30th. JPMorgan Chase & Co. cut their target price on shares of JD.Com from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, November 15th. Finally, BidaskClub downgraded shares of JD.Com from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. JD.Com presently has a consensus rating of “Buy” and a consensus price target of $46.75.
Shares of JD.Com (NASDAQ:JD) opened at $46.45 on Thursday. The firm has a market cap of $66,140.00, a price-to-earnings ratio of -663.57 and a beta of 1.38. JD.Com has a one year low of $26.44 and a one year high of $48.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.79 and a current ratio of 1.12.
Hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. acquired a new position in shares of JD.Com during the third quarter valued at about $101,000. Advisor Group Inc. raised its holdings in shares of JD.Com by 253.0% during the third quarter. Advisor Group Inc. now owns 4,056 shares of the information services provider’s stock valued at $154,000 after purchasing an additional 2,907 shares during the period. Bank Pictet & Cie Asia Ltd. bought a new stake in shares of JD.Com during the third quarter worth about $206,000. Suntrust Banks Inc. bought a new stake in shares of JD.Com during the second quarter worth about $207,000. Finally, Bfsg LLC bought a new stake in shares of JD.Com during the second quarter worth about $222,000. Institutional investors and hedge funds own 44.02% of the company’s stock.
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JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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