Media headlines about Alphabet (NASDAQ:GOOG) have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Alphabet earned a news sentiment score of 1.38 on their scale. InfoTrie also assigned news articles about the information services provider an news buzz score of 5 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have impacted Alphabet’s ranking:
- 4 Must-See Quotes From Alphabet’s Earnings Call – Yahoo Finance (finance.yahoo.com)
- Breaking the Curse of Bigness: Is the Supreme Court About to Undermine Tech Platforms? (finance.yahoo.com)
- Companies breaking from Beijing, Google CEO's privacy philosophy, Disney earnings on deck, Chick-fil-A's big boost and "extreme" water goes viral (finance.yahoo.com)
- 4 Must-See Quotes From Alphabet's Earnings Call (finance.yahoo.com)
- BlueSky Wealth Advisors, LLC Buys Amazon. … (gurufocus.com)
GOOG has been the topic of several recent analyst reports. UBS Group restated a “buy” rating on shares of Alphabet in a research report on Tuesday, February 5th. Deutsche Bank restated a “buy” rating and set a $1,380.00 price objective (up from $1,300.00) on shares of Alphabet in a research report on Tuesday, February 5th. BidaskClub downgraded shares of Alphabet from a “sell” rating to a “strong sell” rating in a research report on Monday, February 25th. Barclays restated a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. Finally, Credit Suisse Group restated a “buy” rating on shares of Alphabet in a research report on Monday, January 28th. Four analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $1,354.36.
GOOG opened at $1,162.38 on Friday. The firm has a market cap of $808.07 billion, a P/E ratio of 24.47, a P/E/G ratio of 1.39 and a beta of 1.03. Alphabet has a fifty-two week low of $970.11 and a fifty-two week 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.
Alphabet (NASDAQ:GOOG) last posted its earnings results on Monday, April 29th. The information services provider reported $11.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $10.51 by $1.39. The company had revenue of $36.34 billion during the quarter, compared to analysts’ expectations of $37.36 billion. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. Alphabet’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the company posted $9.93 earnings per share. As a group, research analysts predict that Alphabet will post 48.57 EPS for the current year.
In related news, Director John L. Hennessy sold 75 shares of the firm’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 completion of the transaction, the director now directly owns 159 shares of the company’s stock, valued at $203,601.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mather sold 38 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $1,124.90, for a total transaction of $42,746.20. Following the transaction, the director now directly owns 1,797 shares of the company’s stock, valued at $2,021,445.30. The disclosure for this sale can be found here. Insiders have sold 817 shares of company stock valued at $974,730 over the last ninety days. 13.11% of the stock is currently owned by corporate 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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