[at Forbes] – Sony/ATV Music Publishing bought out Michael Jackson’s 50% ownership form his estate last year, but we’ve just discovered that Google was a secret bidder in the negotiation. A look at what might have happened to the music industry had Google won the bid. Read more on this. Alphabet Inc. (GOOG) , valued at $493.72B, opened at $719.56. Looking at the equity, the company’s one day range is $716.63 to $721.90 with its 52-week range being $515.18 to $789.87. GOOG shares are currently priced at 21.33x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 1.90x forward p/e ratio. Consensus earnings for the current quarter by the 37 sell-side analysts covering the stock is an estimate of $8.06 per share, which would be $1.07 better than the year-ago quarter and a $0.13 sequential decrease. The full-year EPS estimate is $33.60 which would be a $4.02 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.75 Billion. If reported, that would be a 17.03% increase over the year-ago quarter. In terms of ratings, Pivotal Research Group upgraded GOOG from Hold to Buy (Apr 11, 2016). Previously, Goldman upgraded GOOG from Neutral to Buy. With the above information in mind, readers should note that the average price target is $924.83, which is 28.53% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Company Update: Google Inc (NASDAQ:GOOG) – Here’s who Google has been ‘forgetting’ in European privacy cases Market Update: Google Inc (NASDAQ:GOOG) – Google Express vs. Amazon Prime Now (GOOG, AMZN) Stock Update: Google Inc (NASDAQ:GOOG) – Review: Google’s Pixel C is Winning Only Half the Battle