Bernstein Ups JD.com (JD) To Market Perform; Magna International (MGA) Sellers Increased By 16.59% Their Shorts

May 9, 2017 - By Vivian Currie

Magna International Incorporated (NYSE:MGA) had an increase of 16.59% in short interest. MGA’s SI was 3.02M shares in May as released by FINRA. Its up 16.59% from 2.59 million shares previously. With 1.18 million avg volume, 3 days are for Magna International Incorporated (NYSE:MGA)’s short sellers to cover MGA’s short positions. The SI to Magna International Incorporated’s float is 0.84%. About 631,593 shares traded. Magna International Inc. (USA) (NYSE:MGA) has declined 1.19% since September 30, 2016 and is downtrending. It has underperformed by 11.85% the S&P500.

Among 16 analysts covering JD.com (NASDAQ:JD), 12 have Buy rating, 1 Sell and 3 Hold. Therefore 75% are positive. JD.com has $43 highest and $21 lowest target. $32.84’s average target is -14.32% below currents $38.33 stock price. JD.com had 23 analyst reports since August 4, 2015 according to SRatingsIntel. Morgan Stanley upgraded JD.Com Inc(ADR) (NASDAQ:JD) on Thursday, December 17 to “Overweight” rating. The stock of JD.Com Inc(ADR) (NASDAQ:JD) earned “Buy” rating by Goldman Sachs on Friday, November 6. Bernstein initiated the shares of JD in report on Wednesday, January 11 with “Underperform” rating. As per Monday, January 9, the company rating was upgraded by JP Morgan. The firm earned “Buy” rating on Thursday, August 11 by Jefferies. The firm has “Buy” rating by Nomura given on Thursday, August 11. The stock of JD.Com Inc(ADR) (NASDAQ:JD) has “Neutral” rating given on Tuesday, May 10 by Credit Suisse. The stock of JD.Com Inc(ADR) (NASDAQ:JD) has “Neutral” rating given on Thursday, August 11 by Bank of America. HSBC initiated JD.Com Inc(ADR) (NASDAQ:JD) rating on Tuesday, November 10. HSBC has “Buy” rating and $37 target. The company was upgraded on Friday, January 22 by Nomura.

Among 11 analysts covering Magna International (NYSE:MGA), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 64% are positive. Magna International had 22 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Magna International Inc. (USA) (NYSE:MGA) earned “Neutral” rating by Macquarie Research on Wednesday, November 9. As per Thursday, March 17, the company rating was maintained by Morgan Stanley. The stock of Magna International Inc. (USA) (NYSE:MGA) earned “Outperform” rating by Macquarie Research on Monday, February 27. RBC Capital Markets maintained the shares of MGA in report on Thursday, January 14 with “Outperform” rating. The firm earned “Market Perform” rating on Tuesday, June 28 by BMO Capital Markets. The company was upgraded on Friday, November 6 by JP Morgan. The firm earned “Underperform” rating on Wednesday, November 9 by Bank of America. The rating was downgraded by Zacks to “Hold” on Thursday, August 6. On Friday, January 6 the stock rating was maintained by RBC Capital Markets with “Outperform”. The company was maintained on Friday, November 6 by RBC Capital Markets.

Magna International Inc. is a global automotive supplier. The company has market cap of $16.26 billion. The Company’s divisions are North America, Europe, Asia, Rest of World, and Corporate and Other. It has a 8.24 P/E ratio. The Company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure, and roof systems and modules, as well as vehicle engineering and contract manufacturing.