Baidu, Inc. (NASDAQ:BIDU – Get Free Report) was the target of unusually large options trading on Monday. Investors purchased 59,509 call options on the stock. This is an increase of 26% compared to the typical volume of 47,208 call options.
Baidu Stock Performance
Shares of NASDAQ BIDU traded up $7.04 during midday trading on Monday, reaching $100.86. The company’s stock had a trading volume of 6,021,237 shares, compared to its average volume of 3,864,837. Baidu has a 12-month low of $77.20 and a 12-month high of $116.25. The firm has a 50 day moving average price of $88.34 and a 200-day moving average price of $89.44. The stock has a market capitalization of $35.37 billion, a P/E ratio of 11.00, a PEG ratio of 2.96 and a beta of 0.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.09 and a quick ratio of 2.19.
Institutional Investors Weigh In On Baidu
Hedge funds have recently modified their holdings of the stock. Rialto Wealth Management LLC bought a new stake in shares of Baidu in the 4th quarter worth approximately $42,000. Sycomore Asset Management bought a new stake in shares of Baidu in the 4th quarter worth approximately $51,000. GeoWealth Management LLC raised its holdings in shares of Baidu by 88.5% in the 4th quarter. GeoWealth Management LLC now owns 656 shares of the information services provider’s stock worth $55,000 after purchasing an additional 308 shares during the period. World Investment Advisors LLC bought a new stake in shares of Baidu in the 3rd quarter worth approximately $72,000. Finally, Transamerica Financial Advisors Inc. bought a new stake in shares of Baidu in the 3rd quarter worth approximately $82,000.
Analyst Ratings Changes
Check Out Our Latest Research Report on BIDU
Baidu Company Profile
Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.
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