Baidu Inc (ADR) Is a Buy; Strong Momentum from Option Traders

 Baidu Inc (ADR) Is a Buy; Strong Momentum from Option Traders

In today’s session Baidu Inc (ADR) (BIDU) registered an unusually high (4,025) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the June, 2017 call, expecting serious BIDU increase. With 4,025 contracts traded and 5194 open interest for the Jun, 17 contract, it seems this is a quite bullish bet. The option with symbol: BIDU170616C00180000 closed last at: $12.55 or 13.6% up. About 182,965 shares traded hands. Baidu Inc (ADR) (NASDAQ:BIDU) has declined 10.25% since April 28, 2016 and is downtrending. It has underperformed by 16.18% the S&P500.

Analysts await Baidu Inc (ADR) (NASDAQ:BIDU) to report earnings on February, 23. They expect $0.85 earnings per share, down 92.27% or $10.15 from last year’s $11 per share. BIDU’s profit will be $291.00M for 48.56 P/E if the $0.85 EPS becomes a reality. After $1.28 actual earnings per share reported by Baidu Inc (ADR) for the previous quarter, Wall Street now forecasts -33.59% negative EPS growth.

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 20.16% above today’s ($165.09) stock price. Baidu has been the topic of 29 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Wednesday, September 28, the company rating was downgraded by Deutsche Bank. As per Tuesday, July 28, the company rating was downgraded by Pacific Crest. As per Tuesday, July 28, the company rating was downgraded by Brean Capital. 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 “Underweight” rating given on Wednesday, August 31 by JP Morgan. Daiwa Securities downgraded Baidu Inc (ADR) (NASDAQ:BIDU) on Wednesday, October 7 to “Underperform” rating. The stock of Baidu Inc (ADR) (NASDAQ:BIDU) earned “Sector Weight” rating by KeyBanc Capital Markets on Tuesday, July 28. Deutsche Bank maintained it with “Hold” rating and $170 target price in Wednesday, September 9 report. TH Capital maintained the shares of BIDU in a report on Tuesday, October 27 with “Buy” rating. Credit Agricole downgraded Baidu Inc (ADR) (NASDAQ:BIDU) on Tuesday, July 28 to “Underperform” rating.

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 $56.52 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 12.41 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: Profitconfidential.com which released: “Baidu Inc (ADR): A Huge Pop in BIDU Stock Is Brewing” on December 01, 2016, also Fool.com with their article: “Better Buy: Facebook Inc vs. Baidu Inc (ADR)” published on November 02, 2016, Profitconfidential.com published: “Baidu Inc (ADR): This Will Determine Where BIDU Stock Goes Next” on October 24, 2016. More interesting news about Baidu Inc (ADR) (NASDAQ:BIDU) were released by: Investorplace.com and their article: “Should You Buy Baidu Inc (ADR) (BIDU) Stock? 3 Pros, 3 Cons” published on November 09, 2016 as well as Fool.com‘s news article titled: “Better Buy: Twitter Inc vs. Baidu Inc (ADR)” with publication date: October 17, 2016.

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