Some Traders See Unusual Bearish Options Activity in Baidu Inc (ADR)

 Some Traders See Unusual Bearish Options Activity in Baidu Inc (ADR)

In today’s session Baidu Inc (ADR) (BIDU) recorded an unusually high (974) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious BIDU decrease. With 974 contracts traded and 15774 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: BIDU161216P00150000 closed last at: $1.84 or 34.3% up. About 736,997 shares traded hands. Baidu Inc (ADR) (NASDAQ:BIDU) has declined 8.76% since April 5, 2016 and is downtrending. It has underperformed by 10.72% the S&P500.

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

Out of 18 analysts covering Baidu (NASDAQ:BIDU), 6 rate it a “Buy”, 3 “Sell”, while 9 “Hold”. This means 33% are positive. $251 is the highest target while $150 is the lowest. The $198.38 average target is 15.92% above today’s ($171.13) stock price. Baidu has been the topic of 29 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Deutsche Bank given on Wednesday, September 28. The rating was downgraded by Citigroup on Monday, June 13 to “Neutral”. The firm earned “Hold” rating on Tuesday, July 28 by Brean Capital. The firm has “Sector Weight” rating given on Tuesday, July 28 by Pacific Crest. The stock of Baidu Inc (ADR) (NASDAQ:BIDU) has “Hold” rating given on Wednesday, September 30 by Summit Research. Credit Suisse maintained the shares of BIDU in a report on Monday, February 22 with “Outperform” rating. The stock of Baidu Inc (ADR) (NASDAQ:BIDU) has “Outperform” rating given on Monday, August 3 by Oppenheimer. Credit Suisse initiated the shares of BIDU in a report on Wednesday, July 20 with “Outperform” rating. Macquarie Research downgraded Baidu Inc (ADR) (NASDAQ:BIDU) on Monday, October 31 to “Neutral” rating. The firm has “Underperform” rating given on Tuesday, July 28 by Credit Agricole.

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 $58.18 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 12.75 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 notable recent Baidu Inc (ADR) (NASDAQ:BIDU) news were published by: Fool.com which released: “Better Buy: Facebook Inc vs. Baidu Inc (ADR)” on November 02, 2016, also Profitconfidential.com with their article: “Baidu Inc (ADR): This Will Determine Where BIDU Stock Goes Next” published on October 24, 2016, Fool.com published: “Better Buy: Twitter Inc vs. Baidu Inc (ADR)” on October 17, 2016. More interesting news about Baidu Inc (ADR) (NASDAQ:BIDU) were released by: Investorplace.com and their article: “Baidu Inc ADR (BIDU) Stock Has a Brighter Future Than You Think” published on October 28, 2016 as well as Fool.com‘s news article titled: “Better Buy: Baidu Inc (ADR) vs. Twitter Inc” with publication date: July 12, 2016.

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