Media stories about Alphabet (NASDAQ:GOOG) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alphabet earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the information services provider an impact score of 45.2786657798117 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
Shares of Alphabet (GOOG) traded up $0.16 during mid-day trading on Wednesday, hitting $1,052.10. 1,264,900 shares of the stock traded hands, compared to its average volume of 1,803,926. The company has a market cap of $738,630.00, a P/E ratio of 59.50 and a beta of 1.01. Alphabet has a 12-month low of $803.37 and a 12-month high of $1,186.89. The company has a quick ratio of 5.11, a current ratio of 5.14 and a debt-to-equity ratio of 0.03.
Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.07 by ($0.37). The company had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.88 billion. Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The business’s revenue was up 24.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.36 earnings per share.
Alphabet announced that its Board of Directors has initiated a share repurchase plan on Thursday, February 1st that authorizes the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Several brokerages recently issued reports on GOOG. Wells Fargo & Co reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Stifel Nicolaus restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Royal Bank of Canada restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Societe Generale reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirty-six have issued a buy rating to the company. Alphabet currently has an average rating of “Buy” and an average target price of $1,061.93.
In related news, SVP David C. Drummond sold 5,690 shares of Alphabet stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $1,052.50, for a total transaction of $5,988,725.00. Following the completion of the transaction, the senior vice president now directly owns 2,897 shares of the company’s stock, valued at approximately $3,049,092.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 38 shares of Alphabet stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $1,015.80, for a total transaction of $38,600.40. Following the transaction, the director now directly owns 1,813 shares of the company’s stock, valued at $1,841,645.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,435 shares of company stock worth $29,030,612. 13.92% of the stock is currently owned by insiders.
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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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