The price of Alphabet Inc (NASDAQ:GOOG) shares last traded on Wall Street rose 2.78% to $156.50.
GOOG stock price is now 7.96% away from the 50-day moving average and 15.35% away from the 200-day moving average. The market capitalization of the company currently stands at $1945.76B.
On January 31, 2023, BofA Securities reiterated its ‘Buy’ rating on the stock by increasing its target price from $116 to quote $119, while ‘Credit Suisse’ rates the stock as ‘Outperform’
In other news, ARNOLD FRANCES, Director sold 90 shares of the company’s stock on Mar 28 ’24. The stock was sold for $13,680 at an average price of $152.00. Upon completion of the transaction, the Director now directly owns 15,412 shares in the company, valued at $2.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 27 ’24, President, Global Affairs, CLO WALKER JOHN KENT sold 12,084 shares of the business’s stock. A total of $1,826,930 was realized by selling the stock at an average price of $151.19. This leaves the insider owning 48,717 shares of the company worth $7.62 million. A total of 57.58% of the company’s stock is owned by insiders.
During the past 12 months, Alphabet Inc has had a low of $100.29 and a high of $155.20. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 2.10, and a quick ratio of 2.10. According to the stock market information, the enterprise value for the company is $1.86T, which is based on a 26.96 price-to-earnings ratio, a 1.40 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for GOOG is $144.96 and a two-hundred day moving average price translates $135.68 for the stock.
The latest earnings results from Alphabet Inc (NASDAQ: GOOG) was released for Dec, 2023. According to the Internet Content & Information Company, earnings per share came in at $1.64, beating analysts’ expectations of $1.59 by 0.05. This compares to $0.99 EPS in the same period last year. The net profit margin was 24.03% and return on equity was 27.36% for GOOG. The company reported revenue of $86.31 billion for the quarter, compared to $76.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.49 percent. For the current quarter, analysts expect GOOG to generate $78.6B in revenue.
