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

JD.com, Inc. (NASDAQ:JD) saw some unusual options trading on Wednesday. Investors purchased 130,770 call options on the company. This represents an increase of approximately 58% compared to the average volume of 82,709 call options.

JD.com Stock Up 6.9 %

NASDAQ:JD traded up $2.81 on Wednesday, reaching $43.76. 19,085,075 shares of the stock traded hands, compared to its average volume of 12,565,336. The company’s fifty day simple moving average is $38.54 and its 200 day simple moving average is $36.53. The company has a market capitalization of $69.01 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 0.31 and a beta of 0.43. JD.com has a 12 month low of $23.65 and a 12 month high of $47.82. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18.

Wall Street Analyst Weigh In

A number of analysts recently commented on JD shares. Barclays raised their price target on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Dbs Bank raised shares of JD.com to a “strong-buy” rating in a research report on Wednesday, February 12th. Benchmark reiterated a “buy” rating and set a $47.00 price target on shares of JD.com in a research report on Friday, November 15th. Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $43.00 to $46.00 in a report on Monday, December 9th. Finally, Citigroup lowered their target price on JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.71.

Hedge Funds Weigh In On JD.com

A number of hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in JD.com by 58.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,990 shares of the information services provider’s stock valued at $120,000 after acquiring an additional 1,102 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of JD.com by 18.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,688 shares of the information services provider’s stock valued at $468,000 after purchasing an additional 1,830 shares during the period. First Trust Direct Indexing L.P. purchased a new stake in shares of JD.com during the 3rd quarter valued at about $234,000. US Bancorp DE lifted its stake in shares of JD.com by 211.6% in the 3rd quarter. US Bancorp DE now owns 118,153 shares of the information services provider’s stock worth $4,726,000 after purchasing an additional 80,235 shares during the period. Finally, Van ECK Associates Corp increased its holdings in JD.com by 47.8% during the third quarter. Van ECK Associates Corp now owns 326,904 shares of the information services provider’s stock valued at $13,076,000 after buying an additional 105,674 shares during the last quarter. 15.98% of the stock is currently owned by hedge funds and other institutional investors.

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.