Baidu Target of Unusually High Options Trading (BIDU)

Baidu, Inc. (NASDAQ:BIDU) saw unusually large options trading on Wednesday. Stock traders acquired 2,009 put options on the company. This represents an increase of approximately 171% compared to the average daily volume of 740 put options.

Baidu (NASDAQ:BIDU) traded up 9.45% on Friday, hitting $220.00. The stock had a trading volume of 12,591,474 shares. The company has a 50 day moving average price of $185.12 and a 200-day moving average price of $180.44. Baidu has a 52-week low of $156.23 and a 52-week high of $225.60. The company has a market cap of $60.12 billion, a price-to-earnings ratio of 47.93 and a beta of 1.91.

BIDU has been the subject of a number of recent research reports. Vetr downgraded Baidu from a “strong-buy” rating to a “buy” rating and set a $199.19 target price for the company. in a research report on Monday, May 8th. Deutsche Bank AG restated a “hold” rating and issued a $201.00 target price (up previously from $186.00) on shares of Baidu in a research report on Wednesday. Jefferies Group LLC reiterated a “buy” rating and issued a $208.00 price objective on shares of Baidu in a research report on Saturday, July 22nd. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $190.00 price objective on shares of Baidu in a research report on Friday, April 28th. Finally, TheStreet downgraded Baidu from a “b-” rating to a “c+” rating in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $198.92.

Several institutional investors have recently added to or reduced their stakes in BIDU. Harris Associates L P raised its position in Baidu by 9.0% in the first quarter. Harris Associates L P now owns 6,948,582 shares of the information services provider’s stock worth $1,198,769,000 after buying an additional 572,298 shares in the last quarter. Dodge & Cox bought a new position in Baidu during the fourth quarter worth about $933,189,000. UBS Asset Management Americas Inc. raised its position in Baidu by 34.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,456,384 shares of the information services provider’s stock worth $568,265,000 after buying an additional 883,702 shares in the last quarter. Capital Fund Management S.A. raised its position in Baidu by 67.4% in the first quarter. Capital Fund Management S.A. now owns 33,637 shares of the information services provider’s stock worth $5,803,000 after buying an additional 13,549 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in Baidu by 1.5% in the first quarter. Neuberger Berman Group LLC now owns 1,307,575 shares of the information services provider’s stock worth $225,583,000 after buying an additional 19,932 shares in the last quarter. 64.68% of the stock is currently owned by hedge funds and other institutional investors.

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About Baidu

Baidu, Inc is a Chinese language Internet search provider. The Company 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.

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