JD.com, Inc. (NASDAQ:JD) Short Interest Update

JD.com, Inc. (NASDAQ:JD) was the target of a significant 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. Currently, 2.1% of the company’s stock are short sold. Based on an average daily volume of 12,520,000 shares, the short-interest ratio is presently 2.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JD. FMR LLC boosted its holdings in shares of JD.com by 86.2% during the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock worth $986,280,000 after purchasing an additional 13,170,649 shares during the last quarter. Two Sigma Advisers LP raised its holdings in JD.com by 329.9% in the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after acquiring an additional 4,839,700 shares in the last quarter. CoreView Capital Management Ltd lifted its holdings in JD.com by 204.8% during the 4th quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider’s stock worth $221,878,000 after buying an additional 4,299,872 shares during the last quarter. Appaloosa LP raised its stake in JD.com by 43.4% during the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock worth $362,852,000 after acquiring an additional 3,165,885 shares during the period. Finally, Voya Investment Management LLC acquired a new position in JD.com during the 4th quarter valued at about $109,665,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on JD. UBS Group set a $51.00 price objective on JD.com in a report on Friday, March 7th. Barclays raised their target price on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Mizuho boosted their price target on JD.com from $43.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Susquehanna restated a “neutral” rating and set a $45.00 price objective (up previously from $35.00) on shares of JD.com in a report on Wednesday, March 12th. Finally, Dbs Bank raised shares of JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, JD.com presently has an average rating of “Moderate Buy” and an average target price of $45.64.

JD.com Stock Up 0.4 %

JD stock traded up $0.17 during mid-day trading on Tuesday, reaching $41.29. The company had a trading volume of 6,686,208 shares, compared to its average volume of 13,610,891. JD.com has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The firm has a fifty day simple moving average of $41.29 and a 200 day simple moving average of $38.64. The company has a market capitalization of $65.12 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.17.

JD.com Increases Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This is an increase from JD.com’s previous annual dividend of $0.74. This represents a dividend yield of 1.7%. JD.com’s dividend payout ratio (DPR) is currently 26.13%.

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.