Traders Purchase Large Volume of Call Options on JD.com (JD)
JD.com, Inc. (NASDAQ:JD) saw some unusual options trading activity on Friday. Investors purchased 32,495 call options on the stock. This is an increase of approximately 148% compared to the typical volume of 13,106 call options.
Several analysts recently commented on JD shares. Bank of America Corporation restated a “buy” rating and issued a $53.00 target price (up from $46.00) on shares of JD.com in a research report on Wednesday, August 9th. Vetr raised JD.com from a “hold” rating to a “buy” rating and set a $45.83 target price on the stock in a research note on Friday, September 22nd. BidaskClub lowered JD.com from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 15th. UBS AG reiterated a “neutral” rating and set a $41.00 price target on shares of JD.com in a research report on Monday, August 14th. Finally, J P Morgan Chase & Co increased their price target on JD.com to $55.00 and gave the stock a “positive” rating in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $43.37.
Shares of JD.com (JD) opened at 38.20 on Monday. JD.com has a 1-year low of $23.38 and a 1-year high of $48.99.
JD.com (NASDAQ:JD) last posted its quarterly earnings results on Monday, August 14th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $93.20 billion for the quarter, compared to analysts’ expectations of $89.35 billion. JD.com had a negative return on equity of 1.80% and a negative net margin of 0.95%. The firm’s quarterly revenue was up 43.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 earnings per share. On average, analysts forecast that JD.com will post $0.46 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in JD. American International Group Inc. boosted its stake in shares of JD.com by 0.4% in the 1st quarter. American International Group Inc. now owns 51,405 shares of the information services provider’s stock valued at $1,599,000 after purchasing an additional 185 shares during the last quarter. Jennison Associates LLC grew its position in shares of JD.com by 0.8% during the 2nd quarter. Jennison Associates LLC now owns 36,469 shares of the information services provider’s stock worth $1,430,000 after buying an additional 277 shares during the period. Allen Investment Management LLC grew its position in shares of JD.com by 1.3% during the 1st quarter. Allen Investment Management LLC now owns 30,605 shares of the information services provider’s stock worth $952,000 after buying an additional 404 shares during the period. Envestnet Asset Management Inc. grew its position in shares of JD.com by 7.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,498 shares of the information services provider’s stock worth $202,000 after buying an additional 464 shares during the period. Finally, Advisors Capital Management LLC grew its position in shares of JD.com by 0.8% during the 2nd quarter. Advisors Capital Management LLC now owns 69,798 shares of the information services provider’s stock worth $2,737,000 after buying an additional 581 shares during the period. Institutional investors own 46.43% of the company’s stock.
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JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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