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

Key Points

• JD.com experienced a significant surge in call options trading, with 106,505 call options purchased, marking a 40% increase over its average volume.
• The company's stock price rose to $32.54, with a market cap of $45.45 billion and a P/E ratio of 7.92.
• Analysts have issued varying ratings for JD.com, resulting in an average rating of "Moderate Buy" with a consensus target price of $43.31.

JD.com, Inc. (NASDAQ:JD - Get Free Report) saw unusually large options trading on Wednesday. Traders bought 106,505 call options on the company. Thisrepresentsanincreaseof40% compared to the average volume of 75,968 call options.

JD.com Stock Performance

Shares of JD stock traded up $0.42 on Wednesday, hitting $32.54. The company had a trading volume of 13,375,348 shares, compared to its average volume of 12,364,922. The firm has a market cap of $45.45 billion, a P/E ratio of 7.92, a price-to-earnings-growth ratio of 4.07 and a beta of 0.46. The company has a 50-day moving average price of $32.48 and a 200-day moving average price of $36.03. The company has a quick ratio of 0.92, a current ratio of 1.26 and a debt-to-equity ratio of 0.18. JD.com has a twelve month low of $25.24 and a twelve month high of $47.82.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on JD shares. Macquarie restated a "neutral" rating and set a $35.00 price objective on shares of JD.com in a research report on Wednesday, April 23rd. Susquehanna decreased their price objective on JD.com from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, May 15th. Bank of America decreased their price objective on JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a research report on Monday, July 14th. Morgan Stanley decreased their price objective on JD.com from $39.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Finally, Wall Street Zen downgraded JD.com from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $43.31.

Hedge Funds Weigh In On JD.com

A number of hedge funds have recently made changes to their positions in JD. Hexagon Capital Partners LLC acquired a new position in JD.com in the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in JD.com in the first quarter valued at approximately $32,000. Ameritas Advisory Services LLC acquired a new position in JD.com in the second quarter valued at approximately $37,000. Allworth Financial LP lifted its holdings in JD.com by 158.4% in the second quarter. Allworth Financial LP now owns 1,354 shares of the information services provider's stock valued at $44,000 after acquiring an additional 830 shares during the last quarter. Finally, GeoWealth Management LLC lifted its holdings in JD.com by 129.1% in the fourth quarter. GeoWealth Management LLC now owns 1,393 shares of the information services provider's stock valued at $48,000 after acquiring an additional 785 shares during the last quarter. 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.

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