Morningstar reaffirmed their neutral rating on shares of Alphabet (NASDAQ:GOOG) in a research report released on Friday.
A number of other equities research analysts also recently issued reports on the stock. Deutsche Bank reissued a buy rating on shares of Alphabet in a research report on Wednesday, October 25th. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Alphabet in a report on Friday, October 27th. Vetr downgraded shares of Alphabet from a buy rating to a hold rating and set a $1,067.64 target price for the company. in a report on Monday, November 20th. Goldman Sachs Group reaffirmed a buy rating on shares of Alphabet in a report on Friday, October 20th. Finally, Morgan Stanley reaffirmed a buy rating on shares of Alphabet in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet has an average rating of Buy and an average price target of $1,052.31.
Shares of Alphabet (GOOG) traded up $17.24 during midday trading on Friday, reaching $1,154.75. 827,450 shares of the company were exchanged, compared to its average volume of 1,290,000. Alphabet has a 52 week low of $790.52 and a 52 week high of $1,159.88. The stock has a market cap of $804,420.00, a price-to-earnings ratio of 38.47 and a beta of 0.94. 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 (NASDAQ:GOOG) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating analysts’ consensus estimates of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $27.77 billion during the quarter, compared to analyst estimates of $27.17 billion. During the same period in the previous year, the business earned $9.06 EPS. The company’s quarterly revenue was up 23.7% compared to the same quarter last year.
In other news, Director L John Doerr sold 12,236 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total transaction of $12,499,930.52. Following the transaction, the director now directly owns 3,485 shares of the company’s stock, valued at $3,560,171.45. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP James Grier Campbell sold 183 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total transaction of $186,149.43. The disclosure for this sale can be found here. Insiders sold a total of 36,900 shares of company stock worth $38,411,507 over the last three months. 13.92% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the company. Burt Wealth Advisors raised its holdings in Alphabet by 17.2% during the 2nd 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 increased its position in shares of Alphabet by 3.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 5 shares during the last quarter. Archford Capital Strategies LLC increased its position in shares of Alphabet by 400.0% during the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock valued at $139,000 after acquiring an additional 832 shares during the last quarter. Almanack Investment Partners LLC. increased its position in shares of Alphabet by 4.5% during the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after acquiring an additional 7 shares during the last quarter. Finally, WealthTrust Arizona LLC increased its position in shares of Alphabet by 134.9% during the fourth quarter. WealthTrust Arizona LLC now owns 148 shares of the information services provider’s stock valued at $155,000 after acquiring an additional 85 shares during the last quarter. 34.62% of the stock is currently owned by institutional investors and hedge funds.
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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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