Google Sees Unusually High Options Volume (GOOG)
Google (NASDAQ:GOOG) saw unusually large options trading on Monday. Stock investors bought 9,039 put options on the stock, AnalystRatingsNetwork.com reports. This represents an increase of 344% compared to the average daily volume of 2,037 put options.
In other Google news, SVP Nikesh Arora unloaded 1,179 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $896.20, for a total value of $1,056,619.80. Following the completion of the transaction, the senior vice president now directly owns 10,984 shares of the company’s stock, valued at approximately $9,843,861. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at SunTrust reiterated a “buy” rating on shares of Google (NASDAQ:GOOG) in a research note to investors on Thursday. Separately, analysts at CRT Capital initiated coverage on shares of Google (NASDAQ:GOOG) in a research note to investors on Thursday. They set a “buy” rating and a $1,090.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Google (NASDAQ:GOOG) in a research note to investors on Wednesday, September 18th. They now have a $930.00 price target on the stock.
One research analyst has rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $970.30.
Shares of Google (NASDAQ:GOOG) traded down 1.84% on Monday, hitting $886.50. The stock had a trading volume of 1,778,378 shares. Google has a one year low of $636.00 and a one year high of $928.00. The stock’s 50-day moving average is $879.1 and its 200-day moving average is $861.3. The company has a market cap of $295.2 billion and a P/E ratio of 26.13.
Google (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 18th. The company reported $9.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.78 by $1.22. The company had revenue of $14.11 billion for the quarter, compared to the consensus estimate of $14.42 billion. During the same quarter in the previous year, the company posted $10.12 earnings per share. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. On average, analysts predict that Google will post $43.53 earnings per share for the current fiscal year.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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