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

JD.com, Inc. (NASDAQ:JD) was the target of unusually large options trading activity on Tuesday. Stock investors bought 201,172 call options on the company. This represents an increase of 156% compared to the average volume of 78,727 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC acquired a new stake in JD.com in the 2nd quarter worth about $872,000. Wallace Advisory Group LLC boosted its stake in shares of JD.com by 9.9% in the second quarter. Wallace Advisory Group LLC now owns 29,369 shares of the information services provider’s stock valued at $759,000 after buying an additional 2,652 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in JD.com by 1.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 67,130 shares of the information services provider’s stock worth $1,735,000 after buying an additional 1,161 shares in the last quarter. Creative Planning increased its stake in JD.com by 5.1% during the 2nd quarter. Creative Planning now owns 180,458 shares of the information services provider’s stock worth $4,663,000 after acquiring an additional 8,782 shares during the period. Finally, SIH Partners LLLP acquired a new position in JD.com in the 2nd quarter valued at $876,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

JD.com Price Performance

NASDAQ:JD opened at $40.00 on Tuesday. JD.com has a 12-month low of $20.82 and a 12-month high of $42.68. The firm has a market capitalization of $63.08 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 0.45 and a beta of 0.39. The stock’s 50 day moving average price is $27.66 and its two-hundred day moving average price is $28.31. The company has a quick ratio of 0.90, a current ratio of 1.15 and a debt-to-equity ratio of 0.20.

JD.com (NASDAQ:JD) last announced its quarterly earnings results on Thursday, August 15th. The information services provider reported $9.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $8.57. JD.com had a return on equity of 13.51% and a net margin of 2.80%. The business had revenue of $291.40 billion during the quarter, compared to the consensus estimate of $291.01 billion. During the same quarter last year, the firm posted $0.68 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts anticipate that JD.com will post 3.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on JD shares. JPMorgan Chase & Co. upgraded JD.com from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $33.00 to $36.00 in a report on Friday, August 16th. Susquehanna reiterated a “neutral” rating and set a $28.00 price objective on shares of JD.com in a report on Monday, August 19th. Benchmark cut their target price on JD.com from $55.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Sanford C. Bernstein decreased their price target on shares of JD.com from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Finally, StockNews.com upgraded shares of JD.com from a “buy” rating to a “strong-buy” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, JD.com currently has a consensus rating of “Moderate Buy” and an average price target of $36.93.

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.