Google Sees Unusually Large Options Volume (GOOG)
Shares of Google (NASDAQ:GOOG) saw unusually large options trading on Tuesday. Stock traders bought 22,947 put options on the company, Stock Ratings Network reports. This is an increase of approximately 478% compared to the average volume of 3,972 put options.
In other Google news, Chairman Eric Schmidt unloaded 63,819 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $879.25, for a total transaction of $56,112,855.75. Following the completion of the transaction, the chairman now directly owns 1,691 shares in the company, valued at approximately $1,486,812. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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, September 19th. Separately, analysts at CRT Capital initiated coverage on shares of Google (NASDAQ:GOOG) in a research note to investors on Thursday, September 19th. 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 given a buy rating and one has issued a strong buy rating to the company. Google presently has an average rating of “Buy” and a consensus price target of $970.30.
Google (NASDAQ:GOOG) traded up 1.27% on Tuesday, hitting $887.004. 1,685,083 shares of the company’s stock traded hands. Google has a 52 week low of $636.00 and a 52 week high of $928.00. The stock has a 50-day moving average of $876.3 and a 200-day moving average of $863.9. The company has a market cap of $295.4 billion and a price-to-earnings ratio of 25.34.
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. Analysts expect that Google will post $43.53 EPS 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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