Media stories about Alphabet (NASDAQ:GOOG) have trended somewhat positive recently, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Alphabet earned a media sentiment score of 1.83 on their scale. InfoTrie also gave media headlines about the information services provider an news buzz score of 8 out of 10, indicating that recent press coverage is very likely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have impacted Alphabet’s score:
- Richard Chadwick appointed new head of Alphabet Partner – FleetNews (fleetnews.co.uk)
- Counterfeits Put Google in Trouble as InvenTel Lawsuit Cleared (finance.yahoo.com)
- Richard Chadwick named as new head of Alphabet Partner – Verdict (verdict.co.uk)
- The Democratic Debate Sent a Clear Message: More Taxes for Wealthy Investors (finance.yahoo.com)
- 5 Top Stock Trades for Wednesday: ROKU, NVDA, GOOGL (feedproxy.google.com)
GOOG has been the topic of a number of research reports. BidaskClub upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Friday, September 20th. Benchmark restated a “buy” rating and issued a $1,360.00 price target (up from $1,315.00) on shares of Alphabet in a report on Friday, July 26th. Bank of America reaffirmed a “buy” rating and issued a $1,450.00 target price (up previously from $1,350.00) on shares of Alphabet in a research report on Friday, July 26th. Wedbush lifted their target price on Alphabet from $1,350.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-six have given a buy rating to the stock. Alphabet currently has an average rating of “Buy” and an average price target of $1,378.33.
Shares of NASDAQ:GOOG traded up $1.49 during midday trading on Wednesday, reaching $1,244.50. The company had a trading volume of 57,612 shares, compared to its average volume of 1,301,481. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average price is $1,210.52 and its 200 day moving average price is $1,172.41. The stock has a market cap of $842.79 billion, a PE ratio of 26.19, a P/E/G ratio of 1.42 and a beta of 0.99. Alphabet has a 1-year low of $970.11 and a 1-year high of $1,289.27.
Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, topping analysts’ consensus estimates of $11.49 by $2.72. The firm had revenue of $38.94 billion for the quarter, compared to the consensus estimate of $38.21 billion. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The business’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $11.75 earnings per share. On average, research analysts expect that Alphabet will post 51.66 earnings per share for the current fiscal year.
In other Alphabet news, Director John L. Hennessy sold 150 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $1,225.00, for a total transaction of $183,750.00. Following the transaction, the director now owns 276 shares of the company’s stock, valued at $338,100. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Amie Thuener O’toole sold 55 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $1,200.74, for a total value of $66,040.70. Following the transaction, the vice president now directly owns 388 shares in the company, valued at approximately $465,887.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,391 shares of company stock worth $6,502,992. Company insiders own 12.99% of the company’s stock.
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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