Baidu.com Sees Unusually Large Options Volume (BIDU)
Baidu.com (NASDAQ:BIDU) was the recipient of unusually large options trading on Tuesday. Traders acquired 31,359 put options on the stock, AnalystRatings.Net reports. This is an increase of approximately 212% compared to the average volume of 10,046 put options.
A number of research firms have recently commented on BIDU. Analysts at BNP Paribas downgraded shares of Baidu.com from a “buy” rating to a “hold” rating in a research note to investors on Monday. Separately, analysts at Citigroup Inc. set a $175.00 price target on shares of Baidu.com in a research note to investors on Thursday, October 17th. Finally, analysts at Maxim Group upgraded shares of Baidu.com from a “sell” rating to a “hold” rating in a research note to investors on Wednesday, October 9th. They now have a $95.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $144.84.
Shares of Baidu.com (NASDAQ:BIDU) traded up 3.43% during mid-day trading on Tuesday, hitting $159.41. 6,275,086 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 has a 50-day moving average of $136.6 and a 200-day moving average of $103.8. The company has a market cap of $55.757 billion and a price-to-earnings ratio of 32.23.
Baidu.com (NASDAQ:BIDU) last released its earnings data on Tuesday, October 29th. The company reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.65 by $7.24. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the previous year, the company posted $1.37 earnings per share. The company’s revenue for the quarter was up 42.3% on a year-over-year basis. On average, analysts predict that Baidu.com will post $30.73 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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