Stock Traders Buy High Volume of Call Options on Baidu.com (BIDU)
Baidu.com (NASDAQ:BIDU) was the recipient of some unusual options trading on Friday. Investors purchased 32,334 call options on the company, AR Network reports. This is an increase of 102% compared to the typical daily volume of 16,006 call options.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Baidu.com from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, January 13th. They now have a $182.80 price target on the stock. Separately, analysts at UBS AG initiated coverage on shares of Baidu.com in a research note to investors on Monday, January 13th. They set a “neutral” rating on the stock. Finally, analysts at Maxim Group upgraded shares of Baidu.com from a “hold” rating to a “buy” rating in a research note to investors on Friday, January 10th. They now have a $200.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $176.71.
Shares of Baidu.com (NASDAQ:BIDU) traded up 3.93% during mid-day trading on Friday, hitting $161.14. The stock had a trading volume of 4,394,210 shares. Baidu.com has a one year low of $82.98 and a one year high of $185.50. The stock’s 50-day moving average is $168.6 and its 200-day moving average is $154.0. The company has a market cap of $56.389 billion and a P/E ratio of 32.38.
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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