Google Sees Unusually High Options Volume (GOOG)
Shares of Google (NASDAQ:GOOG) was the recipient of unusually large options trading activity on Monday. Stock traders acquired 15,357 put options on the company, ARN reports. This represents an increase of 109% compared to the typical daily volume of 7,339 put options.
In other Google news, Chairman Eric Schmidt unloaded 63,819 shares of the stock on the open market in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $879.25, for a total transaction of $56,112,855.75. Following the sale, the chairman now directly owns 1,691 shares of the company’s stock, valued at approximately $1,486,812. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Google from $950.00 to $1,020.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at SunTrust reiterated a “buy” rating on shares of Google in a research note to investors on Thursday, September 19th. Finally, analysts at CRT Capital initiated coverage on shares of Google 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. One analyst has rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $972.19.
Google (NASDAQ:GOOG) traded down 0.76% during mid-day trading on Monday, hitting $865.74. The stock had a trading volume of 1,294,017 shares. Google has a one year low of $636.00 and a one year high of $928.00. The stock has a 50-day moving average of $877.0 and a 200-day moving average of $865.2. The company has a market cap of $288.3 billion and a P/E ratio of 25.24.
Google (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, July 18th. The company reported $9.56 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $10.12 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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