Stock Traders Buy Large Volume of Google Call Options (GOOGL)
Shares of Google (NASDAQ:GOOGL) saw some unusual options trading on Thursday. Stock traders bought 17,480 call options on the stock, Analyst Ratings.Net reports. This is an increase of approximately 103% compared to the typical volume of 8,630 call options.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Google in a research note on Sunday, April 20th. They now have a $625.00 price target on the stock. Finally, analysts at Argus reiterated a “buy” rating on shares of Google in a research note on Monday, April 21st. They now have a $675.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $921.79.
Shares of Google (NASDAQ:GOOGL) traded up 2.02% on Thursday, hitting $564.93. The stock had a trading volume of 1,793,323 shares. Google has a 1-year low of $421.912 and a 1-year high of $615.055. The stock has a 50-day moving average of $542. and a 200-day moving average of $561.2. The company has a market cap of $381.0 billion and a P/E ratio of 29.02.
Google (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $6.27 EPS for the quarter, missing the Thomson Reuters 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. Analysts expect that Google will post $26.78 EPS for the current fiscal year.
Google Inc (NASDAQ:GOOGL), is a global technology company.
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.