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

JD.com, Inc. (NASDAQ:JD) was the target of some unusual options trading on Monday. Stock investors purchased 87,416 call options on the stock. This represents an increase of 31% compared to the typical volume of 66,489 call options.

JD.com Stock Performance

NASDAQ:JD opened at $26.30 on Tuesday. The business has a 50 day moving average price of $26.55 and a 200-day moving average price of $27.76. JD.com has a fifty-two week low of $20.82 and a fifty-two week high of $35.69. The firm has a market cap of $41.48 billion, a PE ratio of 12.01 and a beta of 0.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.15.

JD.com (NASDAQ:JD) last announced its quarterly earnings data on Thursday, August 15th. The information services provider reported $9.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $8.57. The business had revenue of $291.40 billion for the quarter, compared to analysts’ expectations of $291.01 billion. JD.com had a net margin of 2.80% and a return on equity of 13.51%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. Equities research analysts predict that JD.com will post 3.74 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Loop Capital cut their target price on JD.com from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Friday, June 21st. Susquehanna reaffirmed a “neutral” rating and set a $28.00 price objective on shares of JD.com in a research report on Monday, August 19th. StockNews.com raised shares of JD.com from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 11th. Benchmark reduced their target price on shares of JD.com from $55.00 to $47.00 and set a “buy” rating for the company in a report on Friday, August 16th. Finally, Sanford C. Bernstein lowered their target price on JD.com from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Friday, August 16th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, JD.com presently has a consensus rating of “Moderate Buy” and an average price target of $36.93.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Atlas Capital Advisors LLC purchased a new stake in shares of JD.com in the second quarter worth approximately $28,000. Allspring Global Investments Holdings LLC raised its position in shares of JD.com by 812.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,888 shares of the information services provider’s stock worth $52,000 after acquiring an additional 1,681 shares in the last quarter. Hexagon Capital Partners LLC purchased a new stake in shares of JD.com during the first quarter valued at about $58,000. Parallel Advisors LLC grew its position in shares of JD.com by 20.1% in the 4th quarter. Parallel Advisors LLC now owns 4,102 shares of the information services provider’s stock worth $119,000 after buying an additional 686 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new position in shares of JD.com during the first quarter worth $126,000. 15.98% of the stock is 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.