Stocks of Alphabet Inc (NASDAQ:GOOG) traded higher last session on Wall Street, down -0.57% to $185.80.
GOOG stock price is now -3.73% away from the 50-day moving average and 4.99% away from the 200-day moving average. The market capitalization of the company currently stands at $2251.32B.
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, JOHN KENT WALKER JR, TTEE OF T, Officer bought 17,690 shares of the company’s stock on Feb 18 ’25. The stock was bought for $3,305,730 at an average price of $186.87. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 18 ’25, Director K. RAM SHRIRAM bought 29,066 shares of the business’s stock. A total of $5,383,895 was incurred on buying the stock at an average price of $185.23. A total of 58.12% of the company’s stock is owned by insiders.
During the past 12 months, Alphabet Inc has had a low of $131.55 and a high of $208.70. As of last week, the company has a debt-to-equity ratio of 0.09, a current ratio of 1.84, and a quick ratio of 1.84.
The net profit margin was 28.62% and return on equity was 32.91% for GOOG. The company reported revenue of $96.47 billion for the quarter, compared to $86.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.77 percent.
