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

JD.com, Inc. (NASDAQ:JD) saw unusually large options trading on Thursday. Traders purchased 129,997 call options on the stock. This represents an increase of 20% compared to the typical volume of 108,443 call options.

JD.com Stock Up 2.3 %

JD traded up $0.77 on Friday, reaching $34.12. The company’s stock had a trading volume of 3,552,894 shares, compared to its average volume of 14,943,861. The stock has a 50 day moving average of $37.17 and a two-hundred day moving average of $31.49. 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 has a market capitalization of $53.81 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 0.40 and a beta of 0.41. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $47.82.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $8.57. The firm had revenue of $291.40 billion during the quarter, compared to analysts’ expectations of $291.01 billion. JD.com had a return on equity of 13.51% and a net margin of 2.80%. JD.com’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 earnings per share. As a group, analysts forecast that JD.com will post 3.74 EPS for the current fiscal year.

Institutional Investors Weigh In On JD.com

Several hedge funds have recently modified their holdings of JD. Bamco Inc. NY acquired a new position in JD.com during the 3rd quarter valued at approximately $32,340,000. Point72 Hong Kong Ltd purchased a new position in JD.com in the 3rd quarter worth about $73,311,000. Erste Asset Management GmbH acquired a new stake in JD.com during the 3rd quarter worth about $1,197,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of JD.com by 13.5% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 843,000 shares of the information services provider’s stock worth $33,720,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Hhlr Advisors LTD. increased its stake in shares of JD.com by 2,523.0% during the 3rd quarter. Hhlr Advisors LTD. now owns 1,600,000 shares of the information services provider’s stock worth $64,000,000 after purchasing an additional 1,539,000 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Barclays increased their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Loop Capital raised JD.com from a “hold” rating to a “buy” rating and decreased their price target for the company from $49.00 to $48.00 in a research note on Monday, October 21st. Sanford C. Bernstein decreased their target price on 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. Finally, Benchmark reiterated a “buy” rating and issued a $47.00 price target on shares of JD.com in a report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.71.

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.