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

JD.com, Inc. (NASDAQ:JD) saw unusually large options trading on Friday. Stock investors purchased 140,980 call options on the company. This represents an increase of 26% compared to the average volume of 111,979 call options.

Institutional Trading of JD.com

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JD. Loop Capital upgraded shares of JD.com from a “hold” rating to a “buy” rating and reduced their price objective for the company from $49.00 to $48.00 in a report on Monday, October 21st. Citigroup cut their price target 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. JPMorgan Chase & Co. increased their price objective on JD.com from $40.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Barclays lifted their target price on JD.com from $40.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, StockNews.com upgraded JD.com from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.36.

JD.com Stock Performance

Shares of JD.com stock traded up $3.58 on Friday, reaching $39.00. 28,457,124 shares of the company traded hands, compared to its average volume of 9,612,864. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 0.90. The firm has a market capitalization of $61.51 billion, a PE ratio of 12.34, a PEG ratio of 0.25 and a beta of 0.39. The company has a 50 day moving average of $36.00 and a 200 day moving average of $33.19. JD.com has a 52 week low of $20.82 and a 52 week high of $47.82.

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.