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

JD.com, Inc. (NASDAQ:JDGet Free Report) was the recipient of some unusual options trading activity on Thursday. Investors purchased 185,097 call options on the stock. This represents an increase of 162% compared to the typical daily volume of 70,759 call options.

Analysts Set New Price Targets

JD has been the topic of several analyst reports. UBS Group cut their price target on shares of JD.com from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, July 10th. Benchmark cut their price target on shares of JD.com from $58.00 to $53.00 and set a “buy” rating on the stock in a report on Wednesday, May 14th. Susquehanna cut their price target on shares of JD.com from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, May 15th. Wall Street Zen downgraded shares of JD.com from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Finally, Morgan Stanley cut 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 report on Thursday, July 10th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.46.

View Our Latest Stock Analysis on JD

JD.com Price Performance

Shares of JD opened at $32.69 on Friday. The company has a 50 day moving average price of $32.98 and a 200-day moving average price of $36.50. JD.com has a fifty-two week low of $24.13 and a fifty-two week high of $47.82. The stock has a market capitalization of $45.66 billion, a PE ratio of 7.95, a PEG ratio of 4.14 and a beta of 0.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.26.

Institutional Investors Weigh In On JD.com

Several hedge funds have recently modified their holdings of the business. Parallel Advisors LLC lifted its position in JD.com by 5.9% during the first quarter. Parallel Advisors LLC now owns 5,429 shares of the information services provider’s stock valued at $223,000 after acquiring an additional 304 shares during the last quarter. Farther Finance Advisors LLC lifted its position in JD.com by 23.7% during the first quarter. Farther Finance Advisors LLC now owns 1,605 shares of the information services provider’s stock valued at $66,000 after acquiring an additional 308 shares during the last quarter. Lakeshore Capital Group Inc. lifted its position in JD.com by 2.4% during the first quarter. Lakeshore Capital Group Inc. now owns 13,522 shares of the information services provider’s stock valued at $556,000 after acquiring an additional 322 shares during the last quarter. Compagnie Lombard Odier SCmA lifted its position in JD.com by 21.4% during the first quarter. Compagnie Lombard Odier SCmA now owns 2,268 shares of the information services provider’s stock valued at $93,000 after acquiring an additional 400 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in JD.com by 4.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 10,192 shares of the information services provider’s stock valued at $353,000 after acquiring an additional 436 shares during the last quarter. Hedge funds and other institutional investors own 15.98% of the company’s stock.

JD.com Company Profile

(Get Free Report)

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.

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