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Investment analysts at FBN Securities initiated coverage on shares of Google (NASDAQ:GOOG) in a note issued to investors on Tuesday, reports. The firm set an “outperform” rating on the stock.

In other Google news, SVP Nikesh Arora unloaded 2,500 shares of Google stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $1,150.00, for a total value of $2,875,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Other equities research analysts have also recently issued reports about the stock. Analysts at Wells Fargo & Co. upgraded shares of Google from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $3.20 price target on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Google from $1,067.00 to $1,220.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Finally, 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, January 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. Google presently has an average rating of “Buy” and an average price target of $1,066.08.

Shares of Google (NASDAQ:GOOG) traded up 2.35% on Tuesday, hitting $1149.40. 2,484,514 shares of the company’s stock traded hands. Google has a one year low of $695.52 and a one year high of $1151.00. The stock’s 50-day moving average is $1093. and its 200-day moving average is $962.8. The company has a market cap of $384.0 billion and a P/E ratio of 30.56.

Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.

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