Could Baidu Inc (ADR) Lose Strenght? Option Traders Don’t Think So

 Could Baidu Inc (ADR) Lose Strenght? Option Traders Don't Think So

In today’s session Baidu Inc (ADR) (BIDU) registered an unusually high (247) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious BIDU increase. With 247 contracts traded and 37344 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: BIDU170120C00200000 closed last at: $3.8 or 1.3% up. About 1.04M shares traded hands. Baidu Inc (ADR) (NASDAQ:BIDU) has declined 3.58% since March 14, 2016 and is downtrending. It has underperformed by 9.19% the S&P500.

Analysts await Baidu Inc (ADR) (NASDAQ:BIDU) to report earnings on November, 3. They expect $0.87 EPS, down 30.40% or $0.38 from last year’s $1.25 per share. BIDU’s profit will be $303.12 million for 50.20 P/E if the $0.87 EPS becomes a reality. After $1.05 actual EPS 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. Baidu has been the topic of 26 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Brean Capital on Tuesday, July 28. The firm has “Outperform” rating by Credit Suisse given on Monday, February 22. The rating was downgraded by Nomura on Friday, January 22 to “Neutral”. The stock of Baidu Inc (ADR) (NASDAQ:BIDU) has “Hold” rating given on Wednesday, September 28 by Deutsche Bank. The firm has “Outperform” rating given on Wednesday, July 20 by Credit Suisse. The stock of Baidu Inc (ADR) (NASDAQ:BIDU) has “Buy” rating given on Friday, April 29 by Brean Capital. On Monday, June 13 the stock rating was downgraded by Citigroup to “Neutral”. TH Capital maintained the stock with “Buy” rating in Tuesday, October 27 report. The firm has “Buy” rating given on Monday, August 31 by Jefferies. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, September 9.

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 $60.86 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 12.94 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 important recent Baidu Inc (ADR) (NASDAQ:BIDU) news were published by: Fool.com which released: “Better Buy: Twitter Inc vs. Baidu Inc (ADR)” on October 17, 2016, also Fool.com published article titled: “Better Buy: Baidu Inc. (ADR) vs. Alphabet Inc.”, Fool.com published: “Better Buy: Baidu Inc (ADR) vs. Twitter Inc” on July 12, 2016. More interesting news about Baidu Inc (ADR) (NASDAQ:BIDU) was released by: Investorplace.com and their article: “Baidu Inc (ADR) (BIDU) Stock Soars on European Expansion” with publication date: September 06, 2016.

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