Stock Update (NASDAQ:GOOG): Google CEO Pichai Receives Record $199 Million Stock Grant

[at Bloomberg] – Google Inc.’s Sundar Pichai is poised to become one of the highest-paid executives of a publicly traded company this year after parent Alphabet Inc. awarded him restricted stock worth about $199 million…. Read more on this. Alphabet Inc. (GOOG) , valued at $458.39B, opened at $667.85. Looking at the equity, the company’s one day range is $663.06 to $682.80 with a one year range of $515.18 to $789.87. Priced at 19.80x this year’s forecasted earnings, GOOG shares are relatively expensive compared to the industry ’s 6.91x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 35 sell-side analysts are looking at $7.92 per share, which would be $1.04 better than the year-ago quarter and a $0.13 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $34.53, which would be a $4.95 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $20.28 Billion. If realized, that would be a 17.50% increase over the year-ago quarter. In terms of ratings, Goldman upgraded GOOG from Neutral to Buy (Aug 26, 2015). Previously, Atlantic Equities upgraded GOOG from Neutral to Overweight. The average price target for GOOG shares by the analysts covering the stock is $924.42, which is 38.42% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Stock Update: Google Inc (NASDAQ:GOOG) – Google Vs. Facebook: Clash Of The Internet Titans Stock Update: Google Inc (NASDAQ:GOOG) – It was ‘very clear’ that Sundar Pichai was being ‘groomed for CEO,’ former Google employee says Company Update: Google Inc (NASDAQ:GOOG) – Google creates new umbrella company Alphabet, puts Sundar Pichai in lead of Google