Google Target of Unusually High Options Trading (GOOG)
Google (NASDAQ:GOOG) saw unusually large options trading on Monday. Stock investors bought 12,294 call options on the stock, American Banking & Market News reports. This represents an increase of 129% compared to the average daily volume of 5,358 call options.
In other Google news, Director L John Doerr sold 7,254 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $574.46, for a total value of $4,167,132.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on GOOG shares. Analysts at Stifel Nicolaus initiated coverage on shares of Google in a research note on Wednesday, August 13th. They set a “buy” rating and a $700.00 price target on the stock. Separately, analysts at Argus reiterated a “buy” rating on shares of Google in a research note on Monday, July 21st. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Google in a research note on Friday, July 18th. They now have a $655.00 price target on the stock, up previously from $645.00. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $668.80.
Shares of Google (NASDAQ:GOOG) traded up 1.51% during mid-day trading on Monday, hitting $582.16. 1,282,226 shares of the company’s stock traded hands. Google has a 52-week low of $502.80 and a 52-week high of $604.83. The stock has a 50-day moving average of $578.7 and a 200-day moving average of $556.. The company has a market cap of $393.8 billion and a P/E ratio of 29.71.
Google (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, July 17th. The company reported $6.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $6.25 by $0.17. The company had revenue of $15.96 billion for the quarter, compared to the consensus estimate of $15.61 billion. During the same quarter in the prior year, the company posted $9.56 earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis.
Google Inc (NASDAQ:GOOG) is a global technology company.
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