Alphabet Inc. (NASDAQ:GOOG)‘s stock had its “buy” rating reissued by Macquarie in a note issued to investors on Friday, October 27th.
Several other equities analysts have also commented on GOOG. Vetr lowered shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,047.63 price objective for the company. in a research report on Wednesday, July 12th. Societe Generale reissued a “buy” rating on shares of Alphabet in a research report on Friday, July 7th. BidaskClub lowered shares of Alphabet from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, July 5th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $1,220.00 price target on shares of Alphabet in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have given a buy rating to the stock. Alphabet has a consensus rating of “Buy” and an average price target of $1,045.44.
Alphabet (GOOG) opened at $1,028.07 on Friday. The stock has a market cap of $716,520.50, a PE ratio of 34.53 and a beta of 0.95. Alphabet has a 1-year low of $727.54 and a 1-year high of $1,048.39. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.31 by $1.26. The business had revenue of $27.77 billion during the quarter, compared to analyst estimates of $27.17 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm posted $9.06 earnings per share.
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In related news, SVP David C. Drummond sold 2,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $931.32, for a total transaction of $1,862,640.00. Following the sale, the senior vice president now owns 800 shares of the company’s stock, valued at $745,056. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP James Grier Campbell sold 183 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $933.08, for a total value of $170,753.64. The disclosure for this sale can be found here. Insiders sold 41,714 shares of company stock valued at $39,425,705 in the last quarter. 13.92% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Burt Wealth Advisors lifted its position in Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after buying an additional 20 shares during the period. Signature Estate & Investment Advisors LLC raised its holdings in shares of Alphabet by 3.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after purchasing an additional 5 shares during the period. Riggs Asset Managment Co. Inc. raised its holdings in shares of Alphabet by 39.6% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock worth $128,000 after purchasing an additional 40 shares during the period. Farmers National Bank raised its holdings in shares of Alphabet by 15.0% in the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock worth $134,000 after purchasing an additional 21 shares during the period. Finally, Archford Capital Strategies LLC raised its holdings in shares of Alphabet by 400.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after purchasing an additional 832 shares during the period. 34.50% of the stock is currently owned by institutional investors and hedge funds.
Alphabet Company Profile
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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