In yesterday’s Wall Street session, Alphabet Inc (NASDAQ:GOOG) shares traded at $198.16, up 3.54% from the previous session.
GOOG stock price is now 14.06% away from the 50-day moving average and 17.82% away from the 200-day moving average. The market capitalization of the company currently stands at $2386.78B.
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, HENNESSY JOHN L, Director sold 1,500 shares of the company’s stock on Dec 12 ’24. The stock was sold for $291,336 at an average price of $194.22. Upon completion of the transaction, the Director now directly owns 23,324 shares in the company, valued at $4.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12 ’24, Director HENNESSY JOHN L bought 1,500 shares of the business’s stock. A total of $292,500 was incurred on buying the stock at an average price of $195.00. 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 $131.06 and a high of $196.89. 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 $2361735512064, which is based on a 26.29 price-to-earnings ratio, a 1.66 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for GOOG is $173.1448 and a two-hundred day moving average price translates $167.8913 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.
