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

JD.com, Inc. (NASDAQ:JD) saw unusually large options trading activity on Monday. Traders acquired 189,214 call options on the company. This is an increase of 65% compared to the typical daily volume of 114,543 call options.

Institutional Trading of JD.com

Hedge funds have recently modified their holdings of the company. Huntington National Bank boosted its holdings in JD.com by 32.1% in the third quarter. Huntington National Bank now owns 1,861 shares of the information services provider’s stock worth $74,000 after acquiring an additional 452 shares in the last quarter. SRN Advisors LLC grew its position in JD.com by 1.6% during the 3rd quarter. SRN Advisors LLC now owns 32,200 shares of the information services provider’s stock worth $1,288,000 after purchasing an additional 516 shares during the last quarter. Panagora Asset Management Inc. increased its stake in JD.com by 2.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 26,143 shares of the information services provider’s stock valued at $676,000 after purchasing an additional 719 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of JD.com by 4.8% in the second quarter. V Square Quantitative Management LLC now owns 17,303 shares of the information services provider’s stock worth $447,000 after buying an additional 797 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC lifted its stake in shares of JD.com by 4.0% during the third quarter. Douglass Winthrop Advisors LLC now owns 21,230 shares of the information services provider’s stock worth $849,000 after buying an additional 820 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

JD.com Trading Down 4.1 %

Shares of NASDAQ JD opened at $39.57 on Wednesday. JD.com has a 1-year low of $20.82 and a 1-year high of $47.82. The business has a fifty day moving average price of $39.33 and a 200 day moving average price of $31.93. The stock has a market capitalization of $62.40 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 0.30 and a beta of 0.38. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on JD shares. Barclays raised their price target on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Citigroup decreased their target price on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Sanford C. Bernstein upgraded shares of JD.com from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $43.00 to $46.00 in a report on Monday. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and decreased their price objective for the company from $49.00 to $48.00 in a report on Monday, October 21st. Finally, StockNews.com raised shares of JD.com from a “hold” rating to a “buy” rating in a research report on Friday, November 22nd. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.36.

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.