JD.Com Inc (NASDAQ:JD) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totalling 41,385,456 shares, a decline of 5.5% from the September 28th total of 43,816,694 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average trading volume of 16,385,306 shares, the days-to-cover ratio is currently 2.5 days.

Shares of JD opened at $22.58 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.99 and a debt-to-equity ratio of 0.17. JD.Com has a 12-month low of $21.58 and a 12-month high of $50.68. The stock has a market capitalization of $27.19 billion, a P/E ratio of 2,258.00 and a beta of 1.41.

JD.Com (NASDAQ:JD) last announced its earnings results on Thursday, August 16th. The information services provider reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.35. The company had revenue of $122.30 billion during the quarter, compared to analyst estimates of $122.78 billion. JD.Com had a negative net margin of 0.12% and a negative return on equity of 0.96%. JD.Com’s revenue was up 31.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 earnings per share. Equities research analysts anticipate that JD.Com will post 0.29 EPS for the current year.

Several analysts have weighed in on JD shares. Stifel Nicolaus reissued a “buy” rating and set a $50.00 target price on shares of JD.Com in a research report on Thursday, July 19th. Zacks Investment Research downgraded shares of JD.Com from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. ValuEngine downgraded shares of JD.Com from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. KeyCorp raised shares of JD.Com to a “buy” rating and set a $51.00 target price on the stock in a research report on Monday, July 9th. Finally, CLSA downgraded shares of JD.Com from an “outperform” rating to an “underperform” rating and set a $29.00 target price on the stock. in a research report on Thursday, September 20th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. JD.Com currently has a consensus rating of “Hold” and a consensus target price of $38.89.

Hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC purchased a new position in JD.Com during the second quarter worth about $323,000. Scopia Capital Management LP boosted its stake in JD.Com by 7.6% during the second quarter. Scopia Capital Management LP now owns 5,049,272 shares of the information services provider’s stock worth $196,669,000 after buying an additional 358,042 shares during the period. Torch Wealth Management LLC purchased a new position in JD.Com during the second quarter worth about $277,000. East Coast Asset Management LLC. boosted its stake in shares of JD.Com by 32.7% in the second quarter. East Coast Asset Management LLC. now owns 440,105 shares of the information services provider’s stock valued at $17,142,000 after purchasing an additional 108,459 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of JD.Com by 95.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 29,869 shares of the information services provider’s stock valued at $1,163,000 after purchasing an additional 14,591 shares during the period. 51.02% of the stock is owned by institutional investors.

About JD.Com

JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.

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