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

Key Points

• JD.com experienced a significant increase in options trading with 214,972 call options acquired, reflecting a 63% increase over typical volumes.
• Analysts have mixed opinions on the stock; while Arete upgraded JD.com's rating to buy with a price target of $41, others like UBS and Benchmark have lowered their targets.
• JD.com shares rose by 3.4% to $36.17, with trading volumes exceeding the average, indicating increased investor interest.

JD.com, Inc. (NASDAQ:JD - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Investors acquired 214,972 call options on the company. This is an increase of 63% compared to the typical volume of 132,215 call options.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on JD shares. Arete raised shares of JD.com from a "sell" rating to a "buy" rating and set a $41.00 price target on the stock in a research report on Friday, September 26th. Arete Research set a $41.00 price target on shares of JD.com in a research report on Friday, September 26th. UBS Group cut their price target on shares of JD.com from $58.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, July 10th. Benchmark dropped their target price on shares of JD.com from $53.00 to $47.00 and set a "buy" rating on the stock in a report on Monday, July 21st. Finally, Bank of America dropped their target price on shares of JD.com from $44.00 to $37.00 and set a "buy" rating on the stock in a report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, JD.com has an average rating of "Moderate Buy" and an average price target of $42.86.

Hedge Funds Weigh In On JD.com

Hedge funds have recently bought and sold shares of the company. Exchange Traded Concepts LLC raised its stake in JD.com by 42.6% during the second quarter. Exchange Traded Concepts LLC now owns 115,817 shares of the information services provider's stock worth $3,780,000 after buying an additional 34,585 shares during the last quarter. Cerity Partners LLC raised its stake in JD.com by 33.1% during the first quarter. Cerity Partners LLC now owns 26,565 shares of the information services provider's stock worth $1,092,000 after buying an additional 6,611 shares during the last quarter. Royal Bank of Canada raised its stake in JD.com by 4.5% during the first quarter. Royal Bank of Canada now owns 346,344 shares of the information services provider's stock worth $14,241,000 after buying an additional 15,000 shares during the last quarter. Range Financial Group LLC raised its stake in JD.com by 38.0% during the second quarter. Range Financial Group LLC now owns 46,923 shares of the information services provider's stock worth $1,532,000 after buying an additional 12,920 shares during the last quarter. Finally, Polunin Capital Partners Ltd raised its stake in JD.com by 1.8% during the second quarter. Polunin Capital Partners Ltd now owns 2,037,856 shares of the information services provider's stock worth $66,638,000 after buying an additional 35,747 shares during the last quarter. Institutional investors own 15.98% of the company's stock.

JD.com Trading Up 3.4%

Shares of JD stock traded up $1.19 during trading hours on Wednesday, hitting $36.17. 21,054,452 shares of the company's stock traded hands, compared to its average volume of 13,487,106. The stock's 50 day simple moving average is $32.61 and its 200 day simple moving average is $34.05. The stock has a market cap of $51.81 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 4.02 and a beta of 0.36. JD.com has a 12 month low of $29.90 and a 12 month high of $47.82. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.19.

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.

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