What’s in Baidu Inc (ADR) After Today’s Bearish Options Activity?

 What's in Baidu Inc (ADR) After Today's Bearish Options Activity?

In today’s session Baidu Inc (ADR) (BIDU) recorded an unusually high (501) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious BIDU decrease. With 501 contracts traded and 74564 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: BIDU170120P00175000 closed last at: $9.2 or 5.2% down. About 398,117 shares traded hands. Baidu Inc (ADR) (NASDAQ:BIDU) has risen 4.04% since March 2, 2016 and is uptrending. It has underperformed by 4.22% the S&P500.

Analysts await Baidu Inc (ADR) (NASDAQ:BIDU) to report earnings on November, 3. They expect $0.87 earnings per share, down 30.40% or $0.38 from last year’s $1.25 per share. BIDU’s profit will be $302.45 million for 52.89 P/E if the $0.87 EPS becomes a reality. After $1.05 actual earnings per share reported by Baidu Inc (ADR) for the previous quarter, Wall Street now forecasts -17.14% negative EPS growth.

Baidu Inc (ADR) (NASDAQ:BIDU) Ratings Coverage

Out of 18 analysts covering Baidu (NASDAQ:BIDU), 8 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 44% are positive. $251 is the highest target while $150 is the lowest. The $198.38 average target is 7.77% above today’s ($184.07) stock price. Baidu has been the topic of 26 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Brean Capital upgraded it to “Buy” rating and $235 target price in Friday, April 29 report. On Wednesday, May 11 the stock rating was maintained by Morgan Stanley with “Overweight”. The firm has “Neutral” rating by Nomura given on Friday, January 22. On Wednesday, September 30 the stock rating was downgraded by Summit Research to “Hold”. The stock has “Hold” rating given by Deutsche Bank on Wednesday, September 9. As per Tuesday, October 27, the company rating was maintained by TH Capital. Credit Suisse initiated Baidu Inc (ADR) (NASDAQ:BIDU) on Wednesday, July 20 with “Outperform” rating. The firm has “Neutral” rating by Citigroup given on Monday, June 13. The rating was maintained by Credit Suisse with “Outperform” on Monday, February 22. As per Friday, July 29, the company rating was downgraded by TH Capital.

According to Zacks Investment Research, “Baidu, Inc., formerly Baidu.com, Inc. is a Chinese-language Internet search provider and is based in Beijing, the People’s Republic of China.The company offers a Chinese language search platform and conducts its operations principally through Baidu Online Network Technology Co., Ltd. , a network of third-party Web sites and software applications. Further, the company offers Japanese search services, including Web search, image search, video search, and blog search capabilities. It also offers online marketing services to its customers directly and through other distribution networks.”

Baidu, Inc. is a Chinese language Internet search provider. The company has a market cap of $63.99 billion. The Firm offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. It has a 13.52 P/E ratio. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.

BIDU Company Profile

Baidu, Inc., incorporated on January 18, 2000, is a Chinese language Internet search provider. The Firm offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers. The Company’s business consists of three divisions: search services, transaction services and iQiyi. Search services are keyword marketing services targeted at and triggered by Internet users’ search queries, which mainly include its pay-for-performance (P4P) services and other online marketing services. The Company’s transaction services include Baidu Nuomi, Baidu Takeout Delivery, Baidu Maps, Baidu Connect, Baidu Wallet and others. iQiyi is an online video platform with a content library that includes licensed movies, television series, cartoons, variety shows and other programs.

More recent Baidu Inc (ADR) (NASDAQ:BIDU) news were published by: Fool.com which released: “Better Buy: Baidu Inc. (ADR) vs. Alphabet Inc.” on August 09, 2016. Also Fool.com published the news titled: “Better Buy: Baidu Inc (ADR) vs. Twitter Inc” on July 12, 2016. Investorplace.com‘s news article titled: “Baidu Inc (ADR) (BIDU) Stock Soars on European Expansion” with publication date: September 06, 2016 was also an interesting one.

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