Traders Buy Large Volume of Call Options on Google (GOOG)
Shares of Google (NASDAQ:GOOG) was the recipient of unusually large options trading on Thursday. Stock investors bought 73,980 call options on the company, AnalystRatings.NET reports. This represents an increase of approximately 311% compared to the average volume of 17,999 call options.
In other Google news, CEO Lawrence Page unloaded 20,833 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $893.61, for a total value of $18,616,577.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
GOOG has been the subject of a number of recent research reports. Analysts at BGC Financial reiterated a “hold” rating on shares of Google in a research note to investors on Thursday. They now have a $850.00 price target on the stock, up previously from $810.00. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Google in a research note to investors on Tuesday. They now have a $1,020.00 price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Google in a research note to investors on Monday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $969.47.
Shares of Google (NASDAQ:GOOG) traded down 1.03% during mid-day trading on Thursday, hitting $888.794. 4,144,558 shares of the company’s stock traded hands. 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 $878.6 and a 200-day moving average of $868.8. The company has a market cap of $296.0 billion and a price-to-earnings ratio of 25.98.
Google (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 17th. The company reported $10.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.36 by $0.38. The company had revenue of $14.89 billion for the quarter, compared to the consensus estimate of $14.79 billion. During the same quarter in the previous year, the company posted $9.03 earnings per share. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. Analysts expect that Google will post $43.48 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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