Bullish option flow was detected in JD stock on September 3, 2021. The bullish option flow may be from the price target hike on JD stock by Stifel to $90.
Option Flow On September 3 2021
Please review this lesson on option flow so that you understand the image above.
JD.com, Inc. operates as an e-commerce company and retail infrastructure service provider in the People’s Republic of China. It operates in two segments, JD Retail and New Businesses.
JD Stock Price Target Raised To $90 At Stifel
On September 3, 2021, Stifel analyst Scott Devitt raised the firm’s price target on JD.com to $90 from $85 and keeps a Buy rating on the shares after the company agreed to acquire a controlling stake of China Logistics Property for roughly $513M. The analyst views the acquisition as strengthening the company’s logistics business and long-term growth runaway. Devitt said the new price target reflects his increased comfort in JD.com’s competitive position in this new regulatory environment.
JD.com unit offers $513M for controlling stake in China Logistics
On September 3, 2021, Reuters reported that JD.com’s real estate unit has made a $513.45M offer to acquire a controlling stake in storage facilities manager China Logistics Property Holdings. JD Property Group offered to buy a 26.38% stake in China Logistics for HK$4.35 per share from its top shareholder, Yupei International Investment Management. The offer would bring JD.com’s stake in China Logistics to about 35.8%, making it mandatory under the Hong Kong takeover code for JD.com to make a general offer for the whole company. Source: https://www.reuters.com/article/china-regulation-jd-com/jd-com-unit-makes-513-million-controlling-bid-in-china-logistics-idUSKBN2FZ0LA
Missfresh’s sales on JD.com’s platforms up by 389% since April
Onn August 25, 2021, Missfresh (MF) reported a 389% increase in its sales on JD.com (JD) and JD-Daojia since commencing its collaboration with JDDJ in April this year. Currently, approximately 570 of Missfresh’s Distributed Mini Warehouses sell on JDDJ, in 17 cities. In April this year, Missfresh began to sell goods on JDDJ, JD.com’s affiliate platform, through the “Omnichannel Fulfillment Program”. This enables consumers to order from Missfresh’s nearby warehouses through JDDJ’s app. The products offered include fruits, vegetables, seafood, grains, ready-to-cook meals, and more.
JD.com price target lowered to $102 from $112 at Benchmark
On August 24, 2021, Benchmark analyst Fawne Jiang lowered the firm’s price target on JD.com to $102 from $112 and keeps a Buy rating on the shares. JD reported solid Q2 results, with both revenue and non-GAAP EPADS ahead of consensus expectations, Jiang tells investors in a research note. While facing multiple macro challenges and heightened regulation, management was optimistic of JD’s growth outlook heading into 2H, reiterating JD Retail to maintain growth similar to 2020 in light of a gradual rebound of consumption demand and ongoing digital transformation, says the analyst.
JD.com price target lowered to $108 from $115 at Citi
On August 23, 2021, Citi analyst Alicia Yap lowered the firm’s price target on JD.com to $108 from $115 but keeps a Buy rating on the shares. The company reported a solid beat quarter with higher user engagement, higher spending, and transaction frequency, the analyst tells investors in a research note. JD.com is facing macro and natural disaster challenges, thanks to JD’s strength in supply chain capability and customer service quality, but the management is relatively optimistic on the second half growth outlook, Yap adds.
VIDEO Is JD Stock a Buy? Chinese Stocks to Buy? Better Than BABA?
On August 27, 2021, Everything Money analyzed JD.com (JD) stock with a value investing perspective to determine if JD.com is one of the Chinese stocks to buy. JD.com is a e-commerce company like Alibaba Group (BABA), but is it a better stock?
JD Stock Technical Analysis
JD stock has already had a swing move higher and is short-term overbought. On the Heikin-Ashi chart below, a doji formed on September 3, 2021, which could indicate that the upward move is waning. Notice the falling volume which confirms the upward move is running out of steam. With JD stock testing major resistance levels, it does not look like a good entry at this time.