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

JD.com, Inc. (NASDAQ:JD - Get Free Report) was the recipient of some unusual options trading on Thursday. Stock traders purchased 185,097 call options on the stock. This is an increase of approximately 162% compared to the typical daily volume of 70,759 call options.

Analysts Set New Price Targets

JD has been the subject of several research reports. Arete downgraded JD.com from a "buy" rating to a "neutral" rating and set a $45.00 target price for the company. in a research note on Tuesday, June 24th. JPMorgan Chase & Co. lowered their price objective on shares of JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 27th. Morgan Stanley reduced their target price on shares of JD.com from $39.00 to $28.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. UBS Group reduced their price objective on shares of JD.com from $58.00 to $50.00 and set a "buy" rating for the company in a research note on Thursday, July 10th. Finally, Citigroup reiterated a "buy" rating and set a $51.00 target price (down from $56.00) on shares of JD.com in a research report on Monday, April 28th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, JD.com currently has an average rating of "Moderate Buy" and a consensus price target of $44.00.

JD.com Trading Down 1.5%

Shares of JD traded down $0.50 during trading hours on Monday, reaching $33.43. 7,727,901 shares of the company traded hands, compared to its average volume of 14,016,528. JD.com has a 12-month low of $24.13 and a 12-month high of $47.82. The stock's fifty day moving average price is $32.98 and its 200 day moving average price is $36.52. The firm has a market cap of $46.68 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 4.44 and a beta of 0.48. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18.

Hedge Funds Weigh In On JD.com

Hedge funds have recently modified their holdings of the stock. Temasek Holdings Private Ltd increased its holdings in JD.com by 18.4% in the 4th quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock worth $160,366,000 after buying an additional 718,760 shares during the period. Principal Financial Group Inc. increased its holdings in JD.com by 1,724.9% in the 1st quarter. Principal Financial Group Inc. now owns 694,199 shares of the information services provider's stock worth $28,545,000 after buying an additional 656,158 shares during the period. Spire Wealth Management increased its holdings in JD.com by 706.6% in the 1st quarter. Spire Wealth Management now owns 8,985 shares of the information services provider's stock worth $369,000 after buying an additional 7,871 shares during the period. Matthews International Capital Management LLC increased its holdings in JD.com by 974.5% in the 1st quarter. Matthews International Capital Management LLC now owns 113,931 shares of the information services provider's stock worth $4,685,000 after buying an additional 103,328 shares during the period. Finally, Eos Management L.P. increased its holdings in JD.com by 79.9% in the 1st quarter. Eos Management L.P. now owns 52,888 shares of the information services provider's stock worth $2,175,000 after buying an additional 23,497 shares during the period. 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.