Alphabet (GOOG) Earning Neutral News Coverage, Study Finds

Headlines about Alphabet (NASDAQ:GOOG) have been trending neutral this week, according to InfoTrie. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Alphabet earned a news sentiment score of 0.17 on their scale. InfoTrie also gave media headlines about the information services provider an news buzz score of 9 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the next few days.

Here are some of the headlines that may have effected Alphabet’s analysis:

GOOG opened at $1,116.46 on Thursday. The company has a quick ratio of 3.93, a current ratio of 3.96 and a debt-to-equity ratio of 0.02. Alphabet has a 52-week low of $970.11 and a 52-week high of $1,289.27. The company has a market cap of $787.38 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, April 29th. The information services provider reported $11.90 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $36.34 billion during the quarter, compared to the consensus estimate of $37.36 billion. During the same period in the previous year, the firm earned $9.93 earnings per share. Alphabet’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, research analysts predict that Alphabet will post 48.44 earnings per share for the current fiscal year.

A number of research firms recently issued reports on GOOG. Cowen restated an “outperform” rating and issued a $1,420.00 target price (up from $1,390.00) on shares of Alphabet in a report on Thursday, April 11th. Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a report on Tuesday, April 23rd. Credit Suisse Group restated a “buy” rating on shares of Alphabet in a report on Tuesday, April 30th. Stifel Nicolaus downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 target price for the company. in a report on Tuesday, April 30th. Finally, Deutsche Bank boosted their target price 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-six have issued a buy rating to the company. Alphabet presently has an average rating of “Buy” and an average target price of $1,361.50.

In other news, Director Ann Mather sold 38 shares of the business’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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 375 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $1,200.00, for a total transaction of $450,000.00. Following the transaction, the director now directly owns 80 shares in the company, valued at $96,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 817 shares of company stock valued at $974,730. 13.11% of the stock is owned by insiders.

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Alphabet Company Profile

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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