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

JD.com, Inc. (NASDAQ:JD) saw some unusual options trading activity on Thursday. Stock traders acquired 129,997 call options on the stock. This represents an increase of approximately 20% compared to the typical volume of 108,443 call options.

JD.com Stock Up 4.9 %

Shares of NASDAQ JD traded up $1.65 during trading on Friday, hitting $35.00. The stock had a trading volume of 17,140,243 shares, compared to its average volume of 15,009,837. The firm has a fifty day moving average of $37.35 and a two-hundred day moving average of $31.52. The company has a market capitalization of $55.20 billion, a PE ratio of 12.73, a PEG ratio of 0.40 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.15 and a quick ratio of 0.90. JD.com has a 12 month low of $20.82 and a 12 month high of $47.82.

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

Institutional Trading of JD.com

A number of hedge funds have recently bought and sold shares of the business. Canada Pension Plan Investment Board grew its position in shares of JD.com by 9.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,456,263 shares of the information services provider’s stock valued at $39,887,000 after acquiring an additional 129,763 shares during the period. Polunin Capital Partners Ltd grew its holdings in JD.com by 27.8% during the third quarter. Polunin Capital Partners Ltd now owns 2,058,917 shares of the information services provider’s stock valued at $82,291,000 after purchasing an additional 447,264 shares during the period. Seven Grand Managers LLC purchased a new stake in JD.com in the third quarter worth $16,800,000. M&G Plc bought a new stake in shares of JD.com in the first quarter valued at $22,920,000. Finally, SG Americas Securities LLC lifted its position in shares of JD.com by 55.8% during the 3rd quarter. SG Americas Securities LLC now owns 94,255 shares of the information services provider’s stock valued at $3,770,000 after buying an additional 33,771 shares during the last quarter. 15.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Citigroup cut their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday. JPMorgan Chase & Co. increased their price objective on shares of JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Susquehanna restated a “neutral” rating and issued a $28.00 target price on shares of JD.com in a research note on Monday, August 19th. Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of JD.com in a research note on Friday. Finally, Sanford C. Bernstein reduced their price objective 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. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.36.

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.