JD.com Sees Unusually Large Options Volume (NASDAQ:JD)

JD.com, Inc. (NASDAQ:JD) saw some unusual options trading activity on Wednesday. Investors purchased 130,770 call options on the stock. This is an increase of approximately 58% compared to the average volume of 82,709 call options.

Analyst Ratings Changes

JD has been the topic of a number of recent research reports. Barclays increased their target price on JD.com from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Citigroup decreased their price objective on JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. StockNews.com cut JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Dbs Bank upgraded shares of JD.com to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, Benchmark reiterated a “buy” rating and set a $47.00 price target on shares of JD.com in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, JD.com currently has an average rating of “Moderate Buy” and a consensus target price of $41.71.

JD.com Trading Up 6.9 %

JD opened at $43.76 on Thursday. The firm’s 50 day moving average is $38.69 and its 200-day moving average is $36.58. JD.com has a 52-week low of $23.65 and a 52-week high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $69.01 billion, a P/E ratio of 13.85, a P/E/G ratio of 0.31 and a beta of 0.43.

Hedge Funds Weigh In On JD.com

A number of institutional investors have recently added to or reduced their stakes in JD. FMR LLC lifted its position in shares of JD.com by 86.2% during the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock worth $986,280,000 after purchasing an additional 13,170,649 shares during the last quarter. Two Sigma Advisers LP raised its stake in JD.com by 329.9% during the third quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock valued at $252,268,000 after buying an additional 4,839,700 shares in the last quarter. CoreView Capital Management Ltd lifted its holdings in JD.com by 204.8% during the 4th quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider’s stock worth $221,878,000 after buying an additional 4,299,872 shares during the last quarter. Appaloosa LP lifted its holdings in JD.com by 43.4% during the 4th quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock worth $362,852,000 after buying an additional 3,165,885 shares during the last quarter. Finally, Voya Investment Management LLC acquired a new position in shares of JD.com in the 4th quarter worth approximately $109,665,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

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.