Investors Buy High Volume of Put Options on Baidu.com (BIDU)
Baidu.com (NASDAQ:BIDU) was the target of unusually large options trading activity on Wednesday. Investors purchased 27,405 put options on the company, AnalystRatingsNetwork.com reports. This represents an increase of 200% compared to the typical daily volume of 9,146 put options.
A number of research firms have recently commented on BIDU. Analysts at TheStreet reiterated a “buy” rating on shares of Baidu.com (NASDAQ:BIDU) in a research note to investors on Tuesday. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of Baidu.com (NASDAQ:BIDU) in a research note to investors on Friday, August 30th. They set an “overweight” rating on the stock.
Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $133.91.
Shares of Baidu.com (NASDAQ:BIDU) traded up 4.77% on Wednesday, hitting $147.31. The stock had a trading volume of 6,922,117 shares. Baidu.com has a one year low of $82.98 and a one year high of $143.12. The stock’s 50-day moving average is $134.2 and its 200-day moving average is $102.8. The company has a market cap of $51.525 billion and a price-to-earnings ratio of 29.40.
Baidu.com (NASDAQ:BIDU) last released its earnings data on Wednesday, July 24th. The company reported $1.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.21 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company posted $1.24 earnings per share. Baidu.com’s revenue was up 43.6% compared to the same quarter last year. On average, analysts predict that Baidu.com will post $5.00 earnings per share for the current fiscal year.
Baidu, Inc operates as a Chinese language Internet search provider for web pages, audio files, news, images and multimedia through links provided on their website.
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