Stocks of Alphabet Inc (NASDAQ:GOOG) traded higher last session on Wall Street, up 0.81% to $168.34.
GOOG stock price is now 3.01% away from the 50-day moving average and 3.45% away from the 200-day moving average. The market capitalization of the company currently stands at $2072.27B.
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With the price target of $212, Scotiabank recently initiated with Sector Outperform rating for Alphabet Inc (NASDAQ: GOOG). On October 01, 2024, Pivotal Research Group recently initiated its ‘Buy’ rating on the stock quoting a target price of $215, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, Pichai Sundar, Chief Executive Officer sold 22,500 shares of the company’s stock on Oct 16 ’24. The stock was sold for $3,741,762 at an average price of $166.30. Upon completion of the transaction, the Chief Executive Officer now directly owns 2,106,806 shares in the company, valued at $354.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16 ’24, Director SUNDAR PICHAI bought 22,500 shares of the business’s stock. A total of $3,755,250 was incurred on buying the stock at an average price of $166.90. A total of 57.84% 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 $2000259383296, which is based on a 24.15 price-to-earnings ratio, a 1.32 price-to-earnings-growth ratio, and a beta of 1.04. The fifty day moving average price for GOOG is $163.4164 and a two-hundred day moving average price translates $162.73164 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. For the current quarter, analysts expect GOOG to generate $86.34B in revenue.
