News coverage about Alphabet (NASDAQ:GOOG) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alphabet earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned media coverage about the information services provider an impact score of 44.4079732578511 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Airbags on the outside? Google spinoff Waymo sees cars predicting crashes and softening the impact (finance.yahoo.com)
- Google Plans to Re-Enter China and It's Not Search (finance.yahoo.com)
- Google self-driving spinoff Waymo: Humans can’t be trusted for backup, they nap, put on make-up (finance.yahoo.com)
- PRESS DIGEST- New York Times business news – Nov 1 (finance.yahoo.com)
- Notable Tuesday Option Activity: TPX, FSLR, GOOG (marketnewsvideo.com)
A number of research analysts have commented on the stock. Cowen and Company reissued an “outperform” rating and set a $1,075.00 target price on shares of Alphabet in a research report on Thursday, August 10th. UBS AG reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Wells Fargo & Company reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Needham & Company LLC reissued a “buy” rating and set a $1,050.00 target price on shares of Alphabet in a research report on Monday, July 17th. Finally, J P Morgan Chase & Co reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have given a buy rating to the stock. Alphabet has a consensus rating of “Buy” and an average price target of $1,045.44.
Shares of Alphabet (NASDAQ:GOOG) opened at 1016.64 on Wednesday. The stock has a market cap of $704.41 billion, a price-to-earnings ratio of 36.84 and a beta of 0.94. The company has a 50-day moving average of $962.68 and a 200 day moving average of $939.11. Alphabet has a one year low of $727.54 and a one year high of $1,048.39.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $8.31 by $1.26. The firm had revenue of $27.77 billion during the quarter, compared to analysts’ expectations of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. Alphabet’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.06 earnings per share. On average, equities analysts forecast that Alphabet will post $31.97 earnings per share for the current fiscal year.
In other Alphabet news, SVP David C. Drummond sold 2,000 shares of the 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 completion of the transaction, the senior vice president now owns 800 shares in the company, valued at $745,056. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP James Grier Campbell sold 183 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $933.08, for a total value of $170,753.64. The disclosure for this sale can be found here. Insiders sold 33,493 shares of company stock valued at $31,427,581 in the last quarter. 13.92% of the stock is currently owned by company insiders.
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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