In Tuesday’s Wall Street session, Alphabet Inc (NASDAQ:GOOG) shares traded at $173.98, up 2.59% from the previous session.
GOOG stock price is now 7.85% away from the 50-day moving average and 0.75% away from the 200-day moving average. The market capitalization of the company currently stands at $2103.58B.
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, Pichai Sundar, Chief Executive Officer sold 32,500 shares of the company’s stock on May 21 ’25. The stock was sold for $5,553,298 at an average price of $170.87. Upon completion of the transaction, the Chief Executive Officer now directly owns 2,620,196 shares in the company, valued at $455.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22 ’25, Director Shriram Kavitark Ram sold 10,500 shares of the business’s stock. A total of $1,837,500 was realized by selling the stock at an average price of $175.00. This leaves the insider owning 261,966 shares of the company worth $45.58 million. A total of 58.22% of the company’s stock is owned by insiders.
During the past 12 months, Alphabet Inc has had a low of $142.66 and a high of $208.70. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 1.77, and a quick ratio of 1.77.
The net profit margin was 30.89% and return on equity was 34.79% for GOOG. The company reported revenue of $90.23 billion for the quarter, compared to $80.54 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.04 percent. For the current quarter, analysts expect GOOG to generate $93.6B in revenue.
