Stock Traders Purchase High Volume of Put Options on Google (GOOG)
Google (NASDAQ:GOOG) was the recipient of some unusual options trading on Thursday. Stock investors bought 32,245 put options on the company, Analyst Ratings News reports. This is an increase of 134% compared to the average volume of 13,801 put options.
In other Google news, CEO Lawrence Page sold 41,666 shares of Google stock on the open market in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $552.48, for a total value of $23,019,631.68. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on GOOG shares. Analysts at B. Riley cut their price target on shares of Google to $641.00 in a research note on Thursday. Separately, analysts at UBS AG cut their price target on shares of Google in a research note on Thursday. Finally, analysts at SunTrust reiterated a “buy” rating on shares of Google in a research note on Thursday. They now have a $680.00 price target on the stock. Seven analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $660.17.
Shares of Google (NASDAQ:GOOG) traded down 3.67% during mid-day trading on Thursday, hitting $536.10. 6,795,393 shares of the company’s stock traded hands. Google has a one year low of $518.46 and a one year high of $604.83. The stock has a 50-day moving average of $550. and a 200-day moving average of $550.. The company has a market cap of $360.3 billion and a P/E ratio of 29.28.
Google (NASDAQ:GOOG) last released its earnings data on Wednesday, April 16th. The company reported $6.27 earnings per share for the quarter, missing the analysts’ consensus estimate of $6.44 by $0.17. The company had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.51 billion.
Google Inc (NASDAQ:GOOG), is a global technology company.
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