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

JD.com, Inc. (NASDAQ:JD) saw unusually large options trading activity on Wednesday. Stock traders purchased 106,505 call options on the stock. Thisisanincreaseofapproximately40% compared to the average daily volume of 75,968 call options.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on JD shares. Citigroup started coverage on shares of JD.com in a research note on Monday. They set a “buy” rating and a $42.00 price objective on the stock. Benchmark reduced their price objective on shares of JD.com from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, July 21st. Mizuho reduced their price objective on shares of JD.com from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 14th. Bank of America reduced their price target on shares of JD.com from $44.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, July 14th. Finally, Morgan Stanley reduced their price target on shares of JD.com from $39.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $43.31.

Institutional Trading of JD.com

Large investors have recently bought and sold shares of the business. Hexagon Capital Partners LLC acquired a new stake in shares of JD.com in the 1st quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of JD.com in the 1st quarter valued at approximately $32,000. Ameritas Advisory Services LLC acquired a new stake in shares of JD.com in the 2nd quarter valued at approximately $37,000. Allworth Financial LP boosted its holdings in shares of JD.com by 158.4% in the 2nd quarter. Allworth Financial LP now owns 1,354 shares of the information services provider’s stock valued at $44,000 after buying an additional 830 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of JD.com in the 1st quarter valued at approximately $56,000. 15.98% of the stock is owned by institutional investors.

JD.com Stock Performance

Shares of NASDAQ:JD opened at $31.58 on Friday. The stock has a market capitalization of $44.11 billion, a P/E ratio of 7.68, a P/E/G ratio of 4.24 and a beta of 0.46. JD.com has a 1-year low of $25.24 and a 1-year high of $47.82. The company has a current ratio of 1.26, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $32.43 and a two-hundred day moving average price of $35.95.

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.