Traders Buy High Volume of Call Options on Google (GOOGL)
Google (NASDAQ:GOOGL) was the recipient of unusually large options trading activity on Thursday. Stock traders bought 12,824 call options on the company, Analyst Ratings Network reports. This is an increase of 106% compared to the typical volume of 6,229 call options.
Several analysts have recently commented on the stock. 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 Zacks reiterated a “neutral” rating on shares of Google in a research note on Friday, August 8th. They now have a $600.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Google in a research note on Friday, July 18th. They now have a $610.00 price target on the stock. Three research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Google currently has an average rating of “Buy” and a consensus target price of $829.33.
Shares of Google (NASDAQ:GOOGL) traded down 0.46% on Thursday, hitting $580.32. The stock had a trading volume of 1,405,793 shares. Google has a 52-week low of $421.912 and a 52-week high of $615.055. The stock’s 50-day moving average is $588.2 and its 200-day moving average is $573.9. The company has a market cap of $392.5 billion and a price-to-earnings ratio of 30.21.
Google (NASDAQ:GOOGL) last announced its earnings results on Thursday, July 17th. The company reported $5.09 earnings per share for the quarter, missing the analysts’ consensus estimate of $5.16 by $0.07. On average, analysts predict that Google will post $26.44 EPS for the current fiscal year.
Google Inc (NASDAQ:GOOGL), is a global technology company.
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