Google Target of Unusually High Options Trading (GOOG)
Google (NASDAQ:GOOG) was the recipient of unusually large options trading on Tuesday. Traders acquired 29,073 put options on the stock, Analyst Ratings Network.com reports. This is an increase of approximately 235% compared to the average volume of 8,688 put options.
In other Google news, Chairman Eric Schmidt sold 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 value 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 sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on GOOG. 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, October 3rd. 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 equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Google currently has an average rating of “Buy” and a consensus price target of $972.19.
Shares of Google (NASDAQ:GOOG) traded down 1.39% on Tuesday, hitting $853.67. The stock had a trading volume of 1,945,296 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 $877.3 and its 200-day moving average is $866.3. The company has a market cap of $284.3 billion and a P/E ratio of 25.05.
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. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.