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

JD.com, Inc. (NASDAQ:JD) was the recipient of 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 daily trading volume, of 12,520,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.1% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on JD shares. JPMorgan Chase & Co. lifted their price target on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. UBS Group set a $51.00 price target on shares of JD.com in a research note on Friday, March 7th. StockNews.com downgraded shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Benchmark boosted their target price on JD.com from $47.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, JD.com has an average rating of “Moderate Buy” and a consensus price target of $45.64.

JD.com Trading Down 0.6 %

JD traded down $0.23 on Wednesday, hitting $41.09. The company had a trading volume of 6,598,181 shares, compared to its average volume of 13,612,976. The company’s fifty day moving average price is $41.35 and its 200 day moving average price is $38.75. JD.com has a 1 year low of $24.13 and a 1 year high of $47.82. 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 firm has a market cap of $64.80 billion, a P/E ratio of 13.00, a PEG ratio of 0.31 and a beta of 0.43.

JD.com Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This is a boost from JD.com’s previous annual dividend of $0.74. This represents a dividend yield of 1.7%. JD.com’s payout ratio is presently 26.13%.

Hedge Funds Weigh In On JD.com

Several hedge funds have recently bought and sold shares of JD. Cerity Partners LLC grew its stake in JD.com by 9.4% during the 3rd quarter. Cerity Partners LLC now owns 18,466 shares of the information services provider’s stock worth $739,000 after purchasing an additional 1,586 shares in the last quarter. D.A. Davidson & CO. acquired a new position in shares of JD.com during the third quarter worth about $290,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of JD.com by 280.8% during 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 worth $1,026,000 after buying an additional 18,916 shares during the period. Rockefeller Capital Management L.P. lifted its stake in JD.com by 24.3% in the third quarter. Rockefeller Capital Management L.P. now owns 21,295 shares of the information services provider’s stock worth $851,000 after acquiring an additional 4,157 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in JD.com during the 3rd quarter worth approximately $756,000. Institutional investors and hedge funds 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.