The price of Alphabet Inc (NASDAQ:GOOG) shares last traded on Wall Street fell -1.70% to $149.54.
GOOG stock price is now -13.49% away from the 50-day moving average and -5.46% away from the 200-day moving average. The market capitalization of the company currently stands at $1840.84B.
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With the price target enhanced from $200 to $220, TD Cowen maintained Buy rating for Alphabet Inc (NASDAQ: GOOG). On June 28, 2024, Rosenblatt Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $181, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, WALKER JOHN KENT, President, Global Affairs, CLO sold 21,467 shares of the company’s stock on Sep 03 ’24. The stock was sold for $3,442,277 at an average price of $160.35. Upon completion of the transaction, the President, Global Affairs, CLO now directly owns 39,334 shares in the company, valued at $5.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 04 ’24, Chief Executive Officer Pichai Sundar sold 22,500 shares of the business’s stock. A total of $3,570,248 was realized by selling the stock at an average price of $158.68. This leaves the insider owning 2,137,385 shares of the company worth $319.62 million. A total of 57.85% of the company’s stock is owned by insiders.
During the past 12 months, Alphabet Inc has had a low of $121.46 and a high of $193.31. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 2.08, and a quick ratio of 2.08. According to the stock market information, the enterprise value for the company is $1768831451136, which is based on a 21.45 price-to-earnings ratio, a 1.16 price-to-earnings-growth ratio, and a beta of 1.06. The fifty day moving average price for GOOG is $172.11 and a two-hundred day moving average price translates $158.2267 for the stock.
The latest earnings results from Alphabet Inc (NASDAQ: GOOG) was released for 2024-06-30. The net profit margin was 26.73% and return on equity was 30.87% for GOOG. The company reported revenue of $84.74 billion for the quarter, compared to $74.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.59 percent.
