Investors Buy Large Volume of Call Options on JD.com (NASDAQ:JD)

JD.com, Inc. (NASDAQ:JD) saw unusually large options trading on Thursday. Stock traders acquired 129,997 call options on the company. This represents an increase of approximately 20% compared to the average daily volume of 108,443 call options.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JD. Benchmark reissued a “buy” rating and issued a $47.00 target price on shares of JD.com in a research note on Tuesday, October 15th. Barclays upped 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. Susquehanna reaffirmed a “neutral” rating and set a $28.00 price objective on shares of JD.com in a research report on Monday, August 19th. JPMorgan Chase & Co. upped 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, Sanford C. Bernstein reduced their price objective on JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, August 16th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.71.

Hedge Funds Weigh In On JD.com

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bamco Inc. NY acquired a new position in JD.com during the third quarter valued at approximately $32,340,000. Point72 Hong Kong Ltd bought a new position in JD.com in the third quarter worth $73,311,000. Erste Asset Management GmbH bought a new position in shares of JD.com during the third quarter valued at $1,197,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of JD.com by 13.5% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 843,000 shares of the information services provider’s stock valued at $33,720,000 after acquiring an additional 100,000 shares during the period. Finally, Hhlr Advisors LTD. lifted its holdings in shares of JD.com by 2,523.0% during the third quarter. Hhlr Advisors LTD. now owns 1,600,000 shares of the information services provider’s stock valued at $64,000,000 after acquiring an additional 1,539,000 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Price Performance

JD traded up $0.77 on Friday, reaching $34.12. 3,552,894 shares of the company’s stock were exchanged, compared to its average volume of 14,943,861. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. The stock has a market cap of $53.81 billion, a PE ratio of 12.41, a P/E/G ratio of 0.40 and a beta of 0.41. The stock’s fifty day moving average price is $37.17 and its 200-day moving average price is $31.49. JD.com has a twelve month low of $20.82 and a twelve month high of $47.82.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The company had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. JD.com’s quarterly revenue was up 1.2% on a year-over-year basis. Sell-side analysts expect that JD.com will post 3.74 EPS for the current year.

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.