In yesterday’s Wall Street session, Alphabet Inc (NASDAQ:GOOG) shares traded at $170.68, down -1.14% from the previous session.
GOOG stock price is now 4.12% away from the 50-day moving average and 4.44% away from the 200-day moving average. The market capitalization of the company currently stands at $2079.96B.
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With the price target maintained at $200, Seaport Research Partners recently Upgraded its rating from Neutral to Buy for Alphabet Inc (NASDAQ: GOOG). On October 11, 2024, Scotiabank recently initiated its ‘Sector Outperform’ rating on the stock quoting a target price of $212, while ‘Pivotal Research Group’ rates the stock as ‘Buy’
In other news, O’Toole Amie Thuener, VP, Chief Accounting Officer sold 1,367 shares of the company’s stock on Nov 01 ’24. The stock was sold for $234,331 at an average price of $171.42. Upon completion of the transaction, the VP, Chief Accounting Officer now directly owns 26,349 shares in the company, valued at $4.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 04 ’24, Director ARNOLD FRANCES sold 441 shares of the business’s stock. A total of $75,437 was realized by selling the stock at an average price of $171.06. This leaves the insider owning 16,490 shares of the company worth $2.81 million. A total of 58.00% of the company’s stock is owned by insiders.
During the past 12 months, Alphabet Inc has had a low of $128.11 and a high of $193.31. As of last week, the company has a debt-to-equity ratio of 0.09, a current ratio of 1.95, and a quick ratio of 1.95. According to the stock market information, the enterprise value for the company is $2025352855552, which is based on a 22.64 price-to-earnings ratio, a 1.29 price-to-earnings-growth ratio, and a beta of 1.04. The fifty day moving average price for GOOG is $163.8592 and a two-hundred day moving average price translates $163.31375 for the stock.
The latest earnings results from Alphabet Inc (NASDAQ: GOOG) was released for 2024-09-30. The net profit margin was 27.77% and return on equity was 32.10% for GOOG. The company reported revenue of $88.27 billion for the quarter, compared to $76.69 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.09 percent.
