News headlines about Alphabet (NASDAQ:GOOG) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alphabet earned a news impact score of 0.08 on Accern’s scale. Accern also gave press coverage about the information services provider an impact score of 43.9383870577473 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s analysis:
Several equities analysts recently weighed in on GOOG shares. Canaccord Genuity restated a “hold” rating and set a $1,000.00 target price on shares of Alphabet in a report on Thursday, July 27th. Citigroup Inc. restated a “buy” rating and set a $1,180.00 target price on shares of Alphabet in a report on Thursday, July 27th. BMO Capital Markets restated a “market perform” rating and set a $970.00 target price on shares of Alphabet in a report on Thursday, July 27th. KeyCorp restated an “overweight” rating and set a $1,100.00 target price on shares of Alphabet in a report on Thursday, July 27th. Finally, B. Riley restated a “buy” rating and set a $1,050.00 target price (up previously from $1,032.00) on shares of Alphabet in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-eight have given a buy rating to the company. Alphabet presently has a consensus rating of “Buy” and a consensus price target of $1,047.52.
Shares of Alphabet (NASDAQ:GOOG) traded up $1.47 during trading on Thursday, hitting $1,035.96. 716,661 shares of the stock were exchanged, compared to its average volume of 1,482,992. The firm has a market cap of $718,764.69, a price-to-earnings ratio of 34.63 and a beta of 0.95. 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 has a 1-year low of $737.02 and a 1-year high of $1,048.39.
Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business posted $9.06 EPS.
In related news, Director Ann Mather sold 37 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $940.67, for a total transaction of $34,804.79. Following the completion of the sale, the director now owns 1,789 shares of the company’s stock, valued at approximately $1,682,858.63. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $931.44, for a total transaction of $3,725,760.00. Following the sale, the chief executive officer now directly owns 1,618 shares of the company’s stock, valued at approximately $1,507,069.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,394 shares of company stock worth $37,937,930. Company insiders own 13.92% of the company’s stock.
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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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