Alphabet (GOOG) Upgraded to Buy by BidaskClub

BidaskClub upgraded shares of Alphabet (NASDAQ:GOOG) from a hold rating to a buy rating in a report published on Tuesday.

Several other equities analysts have also weighed in on GOOG. Vetr lowered shares of Alphabet from a buy rating to a hold rating and set a $1,065.12 target price on the stock. in a report on Thursday, December 7th. Bank of America reiterated a buy rating and issued a $1,100.00 target price on shares of Alphabet in a report on Tuesday, September 26th. Royal Bank of Canada restated a buy rating on shares of Alphabet in a report on Friday, October 27th. SunTrust Banks started coverage on shares of Alphabet in a report on Wednesday, August 16th. They issued a buy rating and a $1,100.00 price objective on the stock. Finally, Morgan Stanley restated a buy rating on shares of Alphabet in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have assigned a buy rating to the company. Alphabet has a consensus rating of Buy and an average price target of $1,047.45.

Alphabet (NASDAQ:GOOG) opened at $1,040.48 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The firm has a market cap of $723,357.31, a PE ratio of 34.85 and a beta of 0.93. Alphabet has a 52-week low of $770.41 and a 52-week high of $1,062.38.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating the consensus estimate of $8.31 by $1.26. The company 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%. Alphabet’s revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the business posted $9.06 EPS.

In other Alphabet news, Director Ann Mather sold 38 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $959.26, for a total value of $36,451.88. Following the sale, the director now directly owns 1,797 shares of the company’s stock, valued at approximately $1,723,790.22. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $958.40, for a total transaction of $3,833,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,900 shares of company stock worth $36,837,100. 13.92% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in GOOG. Burt Wealth Advisors boosted its stake 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 purchasing an additional 20 shares during the period. Signature Estate & Investment Advisors LLC lifted its stake in shares of Alphabet by 3.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after acquiring an additional 5 shares during the period. Almanack Investment Partners LLC. lifted its stake in shares of Alphabet by 4.5% in the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after acquiring an additional 7 shares during the period. St. Johns Investment Management Company LLC lifted its stake in shares of Alphabet by 1,046.7% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after acquiring an additional 157 shares during the period. Finally, Catamount Wealth Management lifted its stake in shares of Alphabet by 5.8% in the 2nd quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock worth $165,000 after acquiring an additional 10 shares during the period. 34.74% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Alphabet (GOOG) Upgraded to Buy by BidaskClub” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://www.com-unik.info/2017/12/13/alphabet-goog-upgraded-to-buy-by-bidaskclub.html.

About Alphabet

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.

Analyst Recommendations for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit