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Equities research analysts at Needham & Company boosted their price target on shares of Google (NASDAQ:GOOG) from $1,150.00 to $1,350.00 in a research note issued to investors on Friday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. Needham & Company’s price target indicates a potential upside of 14.31% from the stock’s previous close.

In other Google news, Chairman Eric Schmidt sold 2,033 shares of Google stock on the open market in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $1,094.04, for a total transaction of $2,224,183.32. Following the sale, the chairman now directly owns 1,293 shares in the company, valued at approximately $1,414,594. The sale was disclosed in a legal filing with the SEC, which is available at this link.

A number of other analysts have also recently weighed in on GOOG. Analysts at RBC Capital raised their price target on shares of Google from $1,300.00 to $1,400.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Google from $1,150.00 to $1,300.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Telsey Advisory Group reiterated a “not rated” rating on shares of Google in a research note to investors on Monday. They now have a $1,250.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-four have assigned a buy rating to the company. Google presently has an average rating of “Buy” and a consensus target price of $1,171.74.

Shares of Google (NASDAQ:GOOG) traded up 4.01% on Friday, hitting $1180.97. The stock had a trading volume of 5,569,794 shares. Google has a 52-week low of $758.27 and a 52-week high of $1186.54. The stock’s 50-day moving average is $1122.18 and its 200-day moving average is $982.7. The company has a market cap of $394.5 billion and a P/E ratio of 30.90. Google also was the recipient of some unusual options trading activity on Thursday. Investors acquired 72,293 call options on the company. This is an increase of 143% compared to the typical volume of 29,778 call options.

Google (NASDAQ:GOOG) last posted its quarterly earnings results on Friday, January 31st. The company reported $12.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $12.21 by $0.20. The company had revenue of $16.86 billion for the quarter, compared to the consensus estimate of $13.41 billion. Analysts expect that Google will post $52.12 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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