JD.com Sees Unusually Large Options Volume (NASDAQ:JD)

JD.com, Inc. (NASDAQ:JD) saw unusually large options trading on Wednesday. Investors acquired 130,770 call options on the stock. This is an increase of approximately 58% compared to the average daily volume of 82,709 call options.

JD.com Price Performance

NASDAQ JD traded up $2.81 during trading hours on Wednesday, reaching $43.76. 19,085,075 shares of the stock traded hands, compared to its average volume of 12,565,336. The stock has a 50 day simple moving average of $38.54 and a two-hundred day simple moving average of $36.53. JD.com has a 1 year low of $23.65 and a 1 year high of $47.82. 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 company has a market cap of $69.01 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 0.31 and a beta of 0.43.

Analyst Upgrades and Downgrades

JD has been the subject of several recent research reports. Citigroup reduced their target price on shares of JD.com from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 15th. StockNews.com cut shares of JD.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th. Barclays raised their price target on JD.com from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Dbs Bank upgraded JD.com to a “strong-buy” rating in a research note on Wednesday, February 12th. Finally, Sanford C. Bernstein upgraded JD.com from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $43.00 to $46.00 in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.71.

Institutional Trading of JD.com

Hedge funds have recently bought and sold shares of the company. FMR LLC boosted its position in JD.com by 86.2% during the fourth quarter. FMR LLC now owns 28,447,641 shares of the information services provider’s stock valued at $986,280,000 after buying an additional 13,170,649 shares during the period. Two Sigma Advisers LP grew its position in JD.com by 329.9% during the 3rd quarter. Two Sigma Advisers LP now owns 6,306,700 shares of the information services provider’s stock worth $252,268,000 after acquiring an additional 4,839,700 shares during the last quarter. CoreView Capital Management Ltd increased its stake in JD.com by 204.8% in the 4th quarter. CoreView Capital Management Ltd now owns 6,399,711 shares of the information services provider’s stock worth $221,878,000 after purchasing an additional 4,299,872 shares during the period. Appaloosa LP lifted its position in JD.com by 43.4% in the fourth quarter. Appaloosa LP now owns 10,465,885 shares of the information services provider’s stock valued at $362,852,000 after purchasing an additional 3,165,885 shares during the last quarter. Finally, Voya Investment Management LLC purchased a new stake in shares of JD.com during the fourth quarter valued at approximately $109,665,000. Institutional investors own 15.98% of the company’s stock.

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.