Alphabet Inc. (GOOG) Given Buy Rating at Societe Generale

Alphabet Inc. (NASDAQ:GOOG)‘s stock had its “buy” rating restated by equities research analysts at Societe Generale in a report released on Friday, October 27th.

GOOG has been the subject of a number of other research reports. Citigroup Inc. reiterated a “buy” rating and issued a $1,180.00 price objective on shares of Alphabet in a report on Thursday, July 27th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. BidaskClub upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 20th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have issued a buy rating to the company. Alphabet currently has an average rating of “Buy” and an average price target of $1,045.44.

Alphabet (NASDAQ:GOOG) traded down $3.19 during trading hours on Friday, reaching $1,028.07. 720,600 shares of the company’s stock traded hands, compared to its average volume of 1,500,613. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet has a one year low of $727.54 and a one year high of $1,048.39. The stock has a market capitalization of $716,520.50, a price-to-earnings ratio of 34.53 and a beta of 0.95.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.31 by $1.26. The business had revenue of $27.77 billion for 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 revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the prior year, the company posted $9.06 EPS.

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In other Alphabet news, Director Ann Mather sold 38 shares of Alphabet stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,017.21, for a total transaction of $38,653.98. Following the sale, the director now owns 1,805 shares in the company, valued at $1,836,064.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $924.36, for a total transaction of $3,697,440.00. Following the sale, the chief executive officer now owns 1,324 shares in the company, valued at approximately $1,223,852.64. The disclosure for this sale can be found here. In the last three months, insiders sold 41,714 shares of company stock worth $39,425,705. Insiders own 13.92% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Investment Advisory Services LLC lifted its position in Alphabet by 0.4% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock worth $230,000 after buying an additional 1 shares in the last quarter. Capital Advantage Inc. lifted its position in Alphabet by 0.4% during the 2nd quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock worth $248,000 after buying an additional 1 shares in the last quarter. Foster & Motley Inc. lifted its position in Alphabet by 0.8% during the 2nd quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock worth $241,000 after buying an additional 2 shares in the last quarter. Gradient Investments LLC lifted its position in Alphabet by 0.6% during the 2nd quarter. Gradient Investments LLC now owns 506 shares of the information services provider’s stock worth $460,000 after buying an additional 3 shares in the last quarter. Finally, Saratoga Research & Investment Management lifted its position in Alphabet by 1.2% during the 2nd quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock worth $234,000 after buying an additional 3 shares in the last quarter. Institutional investors and hedge funds own 34.50% of the company’s stock.

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.

Analyst Recommendations for Alphabet (NASDAQ:GOOG)

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