A number of other research analysts also recently issued reports on the stock. Stifel Nicolaus reissued a buy rating on shares of Alphabet in a research report on Friday. Royal Bank Of Canada reissued a buy rating on shares of Alphabet in a research report on Friday. Societe Generale reissued a buy rating on shares of Alphabet in a research report on Friday. Cantor Fitzgerald reissued a buy rating on shares of Alphabet in a research report on Friday. Finally, Barclays PLC reissued a buy rating on shares of Alphabet in a research report on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-nine have given a buy rating to the company’s stock. Alphabet has an average rating of Buy and an average target price of $1,042.22.
Alphabet (NASDAQ GOOG) traded down 0.80% during midday trading on Friday, hitting $1011.08. 1,084,406 shares of the stock were exchanged. The stock has a market cap of $700.56 billion, a PE ratio of 36.64 and a beta of 0.94. The company’s 50 day moving average is $957.73 and its 200-day moving average is $935.53. Alphabet has a 1-year low of $727.54 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 EPS for the quarter, topping the consensus estimate of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $27.17 billion. During the same period in the previous year, the firm earned $9.06 earnings per share. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, analysts expect that Alphabet will post $30.63 earnings per share for the current year.
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In other news, SVP David C. Drummond sold 2,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $931.32, for a total value of $1,862,640.00. Following the transaction, the senior vice president now owns 800 shares of the company’s stock, valued at approximately $745,056. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP James Grier Campbell sold 184 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $932.38, for a total value of $171,557.92. The disclosure for this sale can be found here. Insiders have sold 40,169 shares of company stock worth $37,644,407 in the last three months. 13.92% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Perennial Advisors LLC lifted its stake in Alphabet by 8.7% during the 2nd quarter. Perennial Advisors LLC now owns 3,232 shares of the information services provider’s stock worth $2,937,000 after acquiring an additional 260 shares in the last quarter. Doyle Wealth Management increased its holdings in Alphabet by 6.7% during the 2nd quarter. Doyle Wealth Management now owns 3,182 shares of the information services provider’s stock worth $2,891,000 after purchasing an additional 200 shares during the period. Carret Asset Management LLC increased its holdings in Alphabet by 1.5% during the 1st quarter. Carret Asset Management LLC now owns 9,982 shares of the information services provider’s stock worth $8,281,000 after purchasing an additional 145 shares during the period. Adviser Investments LLC purchased a new stake in Alphabet during the 1st quarter worth about $1,276,000. Finally, Rothschild Investment Corp IL increased its holdings in Alphabet by 1.7% during the 2nd quarter. Rothschild Investment Corp IL now owns 10,809 shares of the information services provider’s stock worth $9,823,000 after purchasing an additional 184 shares during the period. 34.50% of the stock is currently owned by hedge funds and other institutional investors.
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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