JD.com, Inc. (NASDAQ:JD - Get Free Report) was the target of unusually large options trading on Friday. Stock traders acquired 379,898 call options on the company. This is an increase of 298% compared to the typical daily volume of 95,345 call options.
Hedge Funds Weigh In On JD.com
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cerity Partners LLC grew its holdings in JD.com by 33.1% in the first quarter. Cerity Partners LLC now owns 26,565 shares of the information services provider's stock worth $1,092,000 after purchasing an additional 6,611 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in JD.com in the first quarter worth approximately $1,900,000. Temasek Holdings Private Ltd boosted its holdings in JD.com by 18.4% in the fourth quarter. Temasek Holdings Private Ltd now owns 4,625,490 shares of the information services provider's stock worth $160,366,000 after acquiring an additional 718,760 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in JD.com by 483.2% in the first quarter. Canada Pension Plan Investment Board now owns 1,101,100 shares of the information services provider's stock worth $45,277,000 after acquiring an additional 912,300 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in JD.com by 45.0% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 38,878 shares of the information services provider's stock worth $1,608,000 after acquiring an additional 12,071 shares in the last quarter. Institutional investors and hedge funds own 15.98% of the company's stock.
JD.com Trading Down 2.1%
Shares of JD stock opened at $33.67 on Friday. The stock has a market cap of $47.03 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 3.86 and a beta of 0.36. The stock has a 50-day moving average of $32.03 and a 200-day moving average of $34.69. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. JD.com has a 1-year low of $26.12 and a 1-year high of $47.82.
Wall Street Analysts Forecast Growth
JD has been the subject of a number of research reports. Morgan Stanley lowered their price objective on JD.com from $39.00 to $28.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Zacks Research upgraded JD.com from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Bank of America reduced their target price on shares of JD.com from $44.00 to $37.00 and set a "buy" rating for the company in a research note on Monday, July 14th. Wall Street Zen lowered shares of JD.com from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. lowered their price target on JD.com from $48.00 to $42.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, JD.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.31.
View Our Latest Report on JD
About JD.com
(
Get Free Report)
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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