Stock Traders Buy Large Volume of JD.com Call Options (NASDAQ:JD)

JD.com, Inc. (NASDAQ:JD) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 189,214 call options on the stock. This represents an increase of 65% compared to the typical volume of 114,543 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in JD. Atlas Capital Advisors LLC bought a new position in JD.com during the second quarter worth $28,000. Wilmington Savings Fund Society FSB bought a new position in shares of JD.com during the 3rd quarter worth about $49,000. Huntington National Bank grew its stake in shares of JD.com by 32.1% in the 3rd quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock valued at $74,000 after buying an additional 452 shares during the period. Transamerica Financial Advisors Inc. bought a new stake in JD.com in the 3rd quarter valued at about $103,000. Finally, Allspring Global Investments Holdings LLC raised its stake in JD.com by 58.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock worth $120,000 after buying an additional 1,102 shares during the period. 15.98% of the stock is owned by institutional investors and hedge funds.

JD.com Trading Up 11.0 %

Shares of JD stock opened at $41.27 on Tuesday. JD.com has a 1-year low of $20.82 and a 1-year high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The stock has a market cap of $65.09 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 0.30 and a beta of 0.38. The stock has a 50-day moving average of $39.33 and a 200-day moving average of $31.93.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Citigroup cut their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 15th. JPMorgan Chase & Co. raised their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Loop Capital upgraded JD.com from a “hold” rating to a “buy” rating and cut their target price for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $43.00 to $46.00 in a report on Monday. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $28.00 price target on shares of JD.com in a research note on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, JD.com has a consensus rating of “Moderate Buy” and a consensus price target of $41.36.

About JD.com

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.