Google Inc. Hits New 52-Week High at $1,137.91 (GOOG)
Google (NASDAQ:GOOG)’s share price reached a new 52-week high during trading on Tuesday, AnalystRatingsNetwork.com reports. The stock traded as high as $1,137.91 and last traded at $1,137.61, with a volume of 2,023,931 shares traded. The stock had previously closed at $1,117.32.
A number of analysts have recently weighed in on GOOG shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of Google from $1,100.00 to $1,305.00 in a research note to investors on Tuesday. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Google in a research note to investors on Monday. They now have a $1,172.00 price target on the stock, up previously from $1,075.00. Finally, analysts at UBS AG set a $1,300.00 price target on shares of Google in a research note to investors on Monday. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $1,084.15.
In other Google news, Chairman Eric Schmidt sold 35,740 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $1,111.52, for a total transaction of $39,725,724.80. Following the completion of the transaction, the chairman now directly owns 1,393 shares of the company’s stock, valued at approximately $1,548,347. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Google has a 52-week low of $695.52 and a 52-week high of $1121.00. The stock has a 50-day moving average of $1075. and a 200-day moving average of $951.. The company has a market cap of $380.5 billion and a P/E ratio of 30.41.
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.