Short Interest in JD.com, Inc. (NASDAQ:JD) Expands By 8.2%

JD.com, Inc. (NASDAQ:JD) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 34,310,000 shares, an increase 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.

Institutional Investors Weigh In On JD.com

Several institutional investors have recently modified their holdings of the company. FMR LLC increased its stake in JD.com by 41.0% in the third quarter. FMR LLC now owns 15,276,992 shares of the information services provider’s stock valued at $611,080,000 after purchasing an additional 4,445,277 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of JD.com by 329.9% in the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after buying an additional 4,839,700 shares during the last quarter. Fisher Asset Management LLC raised its stake in JD.com by 9.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,072,599 shares of the information services provider’s stock worth $162,904,000 after acquiring an additional 336,740 shares in the last quarter. Point72 Asset Management L.P. lifted its position in JD.com by 117.1% in the third quarter. Point72 Asset Management L.P. now owns 4,033,900 shares of the information services provider’s stock valued at $161,356,000 after acquiring an additional 2,175,568 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. boosted its stake in JD.com by 5.9% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,577,138 shares of the information services provider’s stock valued at $143,086,000 after acquiring an additional 200,200 shares in the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein raised shares of JD.com from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $43.00 to $46.00 in a research report on Monday, December 9th. Barclays increased their price target on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. JPMorgan Chase & Co. increased their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and reduced their target price for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.36.

JD.com Stock Up 10.1 %

NASDAQ:JD traded up $3.58 during mid-day trading on Friday, hitting $39.00. The stock had a trading volume of 28,457,124 shares, compared to its average volume of 6,059,499. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. JD.com has a twelve month low of $20.82 and a twelve month high of $47.82. The company has a market capitalization of $61.51 billion, a PE ratio of 12.34, a PEG ratio of 0.25 and a beta of 0.39. The stock has a 50-day simple moving average of $36.02 and a two-hundred day simple moving average of $33.28.

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.