Stock Traders Buy Large Volume of JD.com Call Options (NASDAQ:JD)

JD.com, Inc. (NASDAQ:JD) was the recipient of unusually large options trading activity on Friday. Traders purchased 140,980 call options on the stock. This is an increase of 26% compared to the typical daily volume of 111,979 call options.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on JD shares. Sanford C. Bernstein raised JD.com from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $43.00 to $46.00 in a report on Monday, December 9th. Benchmark restated a “buy” rating and issued a $47.00 price target on shares of JD.com in a research note on Friday, November 15th. Citigroup dropped their price objective on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and dropped their price target for the company from $49.00 to $48.00 in a research report on Monday, October 21st. Finally, Barclays boosted their target price on shares of JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Trading Up 10.1 %

Shares of JD.com stock traded up $3.58 during midday trading on Friday, reaching $39.00. The company had a trading volume of 28,457,124 shares, compared to its average volume of 9,612,864. The stock has a fifty day moving average price of $36.00 and a 200 day moving average price of $33.19. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $47.82. The firm has a market cap of $61.51 billion, a PE ratio of 12.34, a P/E/G ratio of 0.25 and a beta of 0.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90.

Institutional Investors Weigh In On JD.com

Institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its stake in shares of JD.com by 41.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 24,508 shares of the information services provider’s stock valued at $850,000 after purchasing an additional 7,174 shares during the period. SG Americas Securities LLC lifted its position in shares of JD.com by 122.5% during the 4th quarter. SG Americas Securities LLC now owns 209,759 shares of the information services provider’s stock valued at $7,272,000 after acquiring an additional 115,504 shares during the period. Nisa Investment Advisors LLC boosted its stake in JD.com by 71.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the information services provider’s stock worth $35,000 after acquiring an additional 417 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in JD.com by 29.6% in the fourth quarter. Atomi Financial Group Inc. now owns 22,966 shares of the information services provider’s stock worth $796,000 after purchasing an additional 5,241 shares during the period. Finally, Crossmark Global Holdings Inc. grew its holdings in JD.com by 0.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 100,589 shares of the information services provider’s stock worth $3,487,000 after purchasing an additional 597 shares during the period. 15.98% of the stock is owned by institutional investors.

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.