Stock Traders Purchase High Volume of JD.com Call Options (NASDAQ:JD)

JD.com, Inc. (NASDAQ:JD) saw unusually large options trading on Tuesday. Traders purchased 201,172 call options on the stock. This represents an increase of 156% compared to the average volume of 78,727 call options.

Analysts Set New Price Targets

Several brokerages have recently commented on JD. Loop Capital reduced their price target on shares of JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a research report on Friday, June 21st. JPMorgan Chase & Co. upgraded JD.com from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $33.00 to $36.00 in a research report on Friday, August 16th. Susquehanna reiterated a “neutral” rating and issued a $28.00 price target on shares of JD.com in a report on Monday, August 19th. Benchmark reduced their price objective on JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Finally, Sanford C. Bernstein lowered their target price on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.93.

Institutional Trading of JD.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aspex Management HK Ltd acquired a new position in JD.com in the fourth quarter valued at about $114,009,000. FIL Ltd grew its position in JD.com by 124.3% during the 4th quarter. FIL Ltd now owns 6,210,546 shares of the information services provider’s stock worth $179,423,000 after acquiring an additional 3,441,605 shares during the last quarter. Discerene Group LP increased its holdings in JD.com by 66.0% during the 1st quarter. Discerene Group LP now owns 5,554,851 shares of the information services provider’s stock valued at $152,147,000 after purchasing an additional 2,207,619 shares in the last quarter. Polunin Capital Partners Ltd bought a new position in JD.com in the 1st quarter valued at $41,477,000. Finally, Lazard Asset Management LLC grew its holdings in shares of JD.com by 30.7% during the first quarter. Lazard Asset Management LLC now owns 5,821,934 shares of the information services provider’s stock worth $159,461,000 after purchasing an additional 1,368,356 shares during the last quarter. Institutional investors own 15.98% of the company’s stock.

JD.com Trading Up 4.4 %

NASDAQ:JD opened at $44.80 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $28.37 and its 200-day moving average is $28.53. The firm has a market cap of $70.65 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 0.45 and a beta of 0.39. JD.com has a 12 month low of $20.82 and a 12 month high of $46.64.

JD.com (NASDAQ:JD) last issued its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, beating 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 firm had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. During the same period in the prior year, the firm earned $0.68 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Equities analysts anticipate 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.