Short Interest in JD.com, Inc. (NASDAQ:JD) Declines By 18.9%

JD.com, Inc. (NASDAQ:JD - Get Free Report) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 22,640,000 shares, a decrease of 18.9% from the March 15th total of 27,910,000 shares. Based on an average daily volume of 13,910,000 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.7% of the shares of the stock are short sold.

JD.com Trading Up 0.2 %

JD stock traded up $0.06 during midday trading on Friday, reaching $32.53. The company's stock had a trading volume of 14,377,422 shares, compared to its average volume of 14,305,479. JD.com has a 52 week low of $24.13 and a 52 week high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The stock has a market cap of $51.30 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.31 and a beta of 0.53. The business's 50-day simple moving average is $39.34 and its 200-day simple moving average is $38.54.

JD.com Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, April 29th. Shareholders 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 represents a yield of 1.7%. This is a boost from JD.com's previous annual dividend of $0.74. JD.com's dividend payout ratio (DPR) is 26.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on JD shares. StockNews.com lowered shares of JD.com from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Dbs Bank raised JD.com to a "strong-buy" rating in a report on Wednesday, February 12th. Mizuho lifted their price objective on JD.com from $43.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. UBS Group set a $51.00 target price on JD.com in a research note on Friday, March 7th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of JD.com in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.25.

Institutional Trading of JD.com

Institutional investors and hedge funds have recently modified their holdings of the stock. Richardson Financial Services Inc. bought a new stake in shares of JD.com in the 4th quarter valued at $27,000. Brooklyn Investment Group acquired a new position in shares of JD.com in the 4th quarter valued at approximately $34,000. Nisa Investment Advisors LLC increased its stake in JD.com by 71.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider's stock worth $35,000 after purchasing an additional 417 shares in the last quarter. Modus Advisors LLC bought a new stake in JD.com during the 4th quarter worth approximately $41,000. Finally, Farther Finance Advisors LLC raised its holdings in JD.com by 111.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,297 shares of the information services provider's stock worth $45,000 after buying an additional 684 shares during the period. 15.98% of the stock is owned by institutional investors.

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.