Baidu.com Target of Unusually Large Options Trading (BIDU)
Shares of Baidu.com (NASDAQ:BIDU) saw some unusual options trading on Thursday. Stock traders bought 36,709 call options on the company, AnalystRatingsNetwork reports. This is an increase of approximately 179% compared to the typical volume of 13,140 call options.
Several analysts have recently commented on the stock. 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 given a hold rating and sixteen have issued a buy rating to the company’s stock. Baidu.com has an average rating of “Buy” and an average target price of $133.91.
Baidu.com (NASDAQ:BIDU) traded down 0.72% on Friday, hitting $143.46. 729,059 shares of the company’s stock traded hands. Baidu.com has a one year low of $82.98 and a one year high of $148.25. The stock’s 50-day moving average is $136.1 and its 200-day moving average is $103.4. The company has a market cap of $50.179 billion and a price-to-earnings ratio of 30.22.
Baidu.com (NASDAQ:BIDU) last released its earnings data on Wednesday, July 24th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was up 43.6% on a year-over-year basis. 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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