JD.com Target of Unusually Large Options Trading (NASDAQ:JD)

JD.com, Inc. (NASDAQ:JD) was the recipient of some unusual options trading on Wednesday. Traders bought 214,972 call options on the stock. This is an increase of 63% compared to the average daily volume of 132,215 call options.

JD.com Trading Up 3.4%

Shares of JD opened at $36.17 on Thursday. The stock’s 50-day moving average is $32.65 and its two-hundred day moving average is $34.06. The stock has a market cap of $51.81 billion, a PE ratio of 10.16, a P/E/G ratio of 3.95 and a beta of 0.39. JD.com has a 12 month low of $29.90 and a 12 month high of $47.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 0.90.

Institutional Trading of JD.com

A number of hedge funds and other institutional investors have recently modified their holdings of JD. Hhlr Advisors LTD. increased its holdings in JD.com by 184.7% in the first quarter. Hhlr Advisors LTD. now owns 4,811,700 shares of the information services provider’s stock valued at $197,857,000 after buying an additional 3,121,700 shares during the last quarter. Voya Investment Management LLC increased its holdings in JD.com by 63.8% in the first quarter. Voya Investment Management LLC now owns 5,181,775 shares of the information services provider’s stock valued at $213,075,000 after buying an additional 2,018,675 shares during the last quarter. Marshall Wace LLP increased its holdings in JD.com by 48.9% in the second quarter. Marshall Wace LLP now owns 5,335,961 shares of the information services provider’s stock valued at $174,166,000 after buying an additional 1,753,236 shares during the last quarter. Federated Hermes Inc. increased its holdings in JD.com by 61.9% in the first quarter. Federated Hermes Inc. now owns 4,374,070 shares of the information services provider’s stock valued at $179,862,000 after buying an additional 1,671,839 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd increased its holdings in JD.com by 112.8% in the first quarter. ANTIPODES PARTNERS Ltd now owns 2,942,624 shares of the information services provider’s stock valued at $121,010,000 after buying an additional 1,559,749 shares during the last quarter. 15.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JD has been the subject of a number of analyst reports. UBS Group cut their target price on JD.com from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, July 10th. Arete raised JD.com from a “sell” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Friday, September 26th. Benchmark dropped their price objective on JD.com from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, July 21st. Arete Research set a $41.00 price objective on JD.com in a research note on Friday, September 26th. Finally, Zacks Research raised JD.com from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.86.

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.