JD.com, Inc. (NASDAQ:JD) Short Interest Down 6.8% in November

JD.com, Inc. (NASDAQ:JD) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 36,980,000 shares, a decline of 6.8% from the October 31st total of 39,660,000 shares. Based on an average trading volume of 17,930,000 shares, the days-to-cover ratio is presently 2.1 days.

JD.com Stock Up 0.2 %

JD.com stock traded up $0.06 during mid-day trading on Monday, hitting $37.44. 3,464,739 shares of the company’s stock were exchanged, compared to its average volume of 14,773,015. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The stock has a market cap of $59.05 billion, a P/E ratio of 11.83, a P/E/G ratio of 0.31 and a beta of 0.41. JD.com has a 1-year low of $20.82 and a 1-year high of $47.82. The stock has a 50 day moving average of $39.12 and a two-hundred day moving average of $31.76.

Analyst Upgrades and Downgrades

JD has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. StockNews.com upgraded JD.com from a “hold” rating to a “buy” rating in a research note on Friday, November 22nd. Citigroup cut their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Susquehanna reissued a “neutral” rating and issued a $28.00 price objective on shares of JD.com in a report on Monday, August 19th. Finally, Sanford C. Bernstein decreased their price objective on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.36.

Hedge Funds Weigh In On JD.com

Several hedge funds have recently bought and sold shares of JD. Atlas Capital Advisors LLC acquired a new position in JD.com during the second quarter worth $28,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of JD.com in the third quarter valued at about $49,000. Huntington National Bank grew its position in shares of JD.com by 32.1% in the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after purchasing an additional 452 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in shares of JD.com in the third quarter valued at about $103,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of JD.com by 58.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after purchasing an additional 1,102 shares during the last quarter. 15.98% of the stock is owned by institutional investors and hedge funds.

About JD.com

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.