In yesterday’s Wall Street session, Alphabet Inc (NASDAQ:GOOG) shares traded at $170.90, up 0.36% from the previous session.
GOOG stock price is now 10.68% away from the 50-day moving average and 20.69% away from the 200-day moving average. The market capitalization of the company currently stands at $2113.86B.
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With the price target enhanced from $172 to $185, Oppenheimer maintained Outperform rating for Alphabet Inc (NASDAQ: GOOG)., while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, HENNESSY JOHN L, Director sold 1,500 shares of the company’s stock on May 13 ’24. The stock was sold for $252,123 at an average price of $168.08. Upon completion of the transaction, the Director now directly owns 4,391 shares in the company, valued at $0.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 01 ’24, Chief Executive Officer Pichai Sundar sold 22,500 shares of the business’s stock. A total of $3,753,101 was realized by selling the stock at an average price of $166.80. This leaves the insider owning 2,280,511 shares of the company worth $389.74 million. A total of 57.68% of the company’s stock is owned by insiders.
During the past 12 months, Alphabet Inc has had a low of $114.93 and a high of $176.42. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 2.15, and a quick ratio of 2.15.
The net profit margin was 25.92% and return on equity was 29.76% for GOOG. The company reported revenue of $80.54 billion for the quarter, compared to $69.79 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.41 percent.
