News articles about Alphabet (NASDAQ:GOOG) have trended neutral on Saturday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Alphabet earned a news impact score of 0.17 on their scale. InfoTrie also gave press coverage about the information services provider an news buzz score of 9 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Alphabet’s score:
Several research firms have recently weighed in on GOOG. Pivotal Research initiated coverage on shares of Alphabet in a research report on Wednesday, May 29th. They issued a “hold” rating for the company. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, May 15th. Credit Suisse Group reaffirmed a “sell” rating on shares of Alphabet in a report on Wednesday, May 15th. Deutsche Bank lifted their price target on shares of Alphabet from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Finally, Zacks Investment Research lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $1,361.50.
Shares of GOOG stock traded down $3.42 during trading hours on Friday, reaching $1,085.35. 1,108,843 shares of the stock traded hands, compared to its average volume of 1,548,524. Alphabet has a 1-year low of $970.11 and a 1-year high of $1,289.27. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.96 and a quick ratio of 3.93. The firm has a market capitalization of $753.49 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.28 and a beta of 1.03.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Monday, April 29th. The information services provider reported $11.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $10.51 by $1.39. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. The business had revenue of $36.34 billion for the quarter, compared to analyst estimates of $37.36 billion. During the same quarter in the previous year, the business earned $9.93 earnings per share. The firm’s revenue was up 16.7% compared to the same quarter last year. Sell-side analysts predict that Alphabet will post 48.44 EPS for the current fiscal year.
In other Alphabet news, CAO Amie Thuener O’toole sold 69 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $1,042.90, for a total value of $71,960.10. Following the completion of the sale, the chief accounting officer now directly owns 388 shares of the company’s stock, valued at $404,645.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 75 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $1,280.51, for a total transaction of $96,038.25. Following the transaction, the director now owns 159 shares of the company’s stock, valued at $203,601.09. The disclosure for this sale can be found here. Insiders have sold 423 shares of company stock worth $494,939 over the last ninety days. 13.11% of the stock is currently owned by insiders.
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Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.
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