Baidu.com Sees Unusually Large Options Volume (BIDU)
Shares of Baidu.com (NASDAQ:BIDU) saw some unusual options trading activity on Friday. Stock traders purchased 30,378 put options on the company, American Banking News reports. This represents an increase of 174% compared to the typical volume of 11,091 put options.
BIDU has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Baidu.com (NASDAQ:BIDU) from $121.00 to $153.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Baidu.com (NASDAQ:BIDU) in a research note to investors on Tuesday, September 10th. Finally, 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 research analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $136.45.
Shares of Baidu.com (NASDAQ:BIDU) opened at 144.8775 on Monday. 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 $136.6 and its 200-day moving average is $103.8. The company has a market cap of $50.674 billion and a P/E ratio of 29.83.
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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