Baidu Inc Sees Unusually Large Options Volume (BIDU)
Shares of Baidu Inc (NASDAQ:BIDU) were the target of unusually large options trading on Tuesday. Stock investors bought 34,724 call options on the company, AmericanBankingNews.com reports. This represents an increase of 173% compared to the typical daily volume of 12,717 call options.
A number of analysts have recently weighed in on BIDU shares. Analysts at Zacks upgraded shares of Baidu Inc from a “neutral” rating to an “outperform” rating in a research note on Monday, August 18th. They now have a $227.50 price target on the stock. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Baidu Inc in a research note on Monday, July 28th. They now have a $280.00 price target on the stock, up previously from $250.00. Finally, analysts at BNP Paribas upgraded shares of Baidu Inc from a “reduce” rating to a “buy” rating in a research note on Monday, July 28th. They now have a $260.00 price target on the stock. Seventeen equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $235.64.
Baidu Inc (NASDAQ:BIDU) traded up 4.79% during mid-day trading on Tuesday, hitting $224.80. The stock had a trading volume of 5,131,436 shares. Baidu Inc has a 52 week low of $132.31 and a 52 week high of $229.60. The stock’s 50-day moving average is $210. and its 200-day moving average is $177.. The company has a market cap of $78.817 billion and a P/E ratio of 38.85.
Baidu Inc (NASDAQ:BIDU) last released its earnings data on Thursday, July 24th. The company reported $1.73 earnings per share for the quarter, missing the analysts’ consensus estimate of $8.15 by $6.42. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $11.95 billion. During the same quarter last year, the company posted $1.22 earnings per share. Baidu Inc’s revenue was up 58.5% compared to the same quarter last year. On average, analysts predict that Baidu Inc will post $36.52 earnings per share for the current fiscal year.
Baidu, Inc (NASDAQ:BIDU) is a Chinese-language Internet search provider.
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