Google Reaches New 1-Year High at $1,189.00 (GOOG)
Google (NASDAQ:GOOG) hit a new 52-week high during mid-day trading on Tuesday , StockRatingsNetwork.com reports. The stock traded as high as $1,189.00 and last traded at $1,187.64, with a volume of 1,519,200 shares traded. The stock had previously closed at $1,172.93.
GOOG has been the subject of a number of recent research reports. Analysts at Sanford C. Bernstein raised their price target on shares of Google from $1,350.00 to $1,500.00 in a research note on Wednesday, February 5th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Google in a research note on Tuesday, February 4th. They now have a $1,192.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of Google from $1,210.00 to $1,350.00 in a research note on Tuesday, February 4th. They now have a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,204.18.
The stock’s 50-day moving average is $1135.81 and its 200-day moving average is $994.6. The company has a market cap of $399.7 billion and a P/E ratio of 30.76. Google also saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 2,730,379 shares, a decrease of 30.5% from the January 15th total of 3,931,374 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 3,043,500 shares, the short-interest ratio is currently 0.9 days.
Google (NASDAQ:GOOG) last announced its 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. On average, analysts predict that Google will post $51.82 earnings per share for the current fiscal year.
In other Google news, CFO Patrick Pichette unloaded 3,730 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,150.72, for a total value of $4,292,185.60. Following the completion of the transaction, the chief financial officer now directly owns 1,408 shares of the company’s stock, valued at approximately $1,620,214. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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.