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Baidu Inc (NASDAQ:BIDU) saw some unusual options trading on Wednesday. Stock investors acquired 18,154 put options on the company, Stock Ratings News reports. This represents an increase of approximately 112% compared to the typical daily volume of 8,553 put options.

A number of research firms have recently commented on BIDU. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Baidu Inc in a research note on Wednesday. Separately, 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. Finally, 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. Eighteen investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $235.05.

Baidu Inc (NASDAQ:BIDU) traded up 1.18% during mid-day trading on Wednesday, hitting $227.45. 4,633,592 shares of the company’s stock traded hands. Baidu Inc has a one year low of $132.31 and a one year high of $229.60. The stock’s 50-day moving average is $212. and its 200-day moving average is $178.4. The company has a market cap of $79.746 billion and a P/E ratio of 40.74.

Baidu Inc (NASDAQ:BIDU) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.73 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.22 earnings per share. The company’s quarterly revenue was up 58.5% on a year-over-year basis. Analysts expect that Baidu Inc will post $36.52 EPS for the current fiscal year.

Baidu, Inc (NASDAQ:BIDU) is a Chinese-language Internet search provider.

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