Alphabet (NASDAQ:GOOG – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Monday, January 30th. Analysts expect Alphabet to post earnings of $1.17 per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.
Alphabet Trading Up 1.6 %
Shares of GOOG opened at $100.71 on Friday. The stock has a fifty day moving average price of $93.66 and a two-hundred day moving average price of $101.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52. Alphabet has a 52-week low of $83.45 and a 52-week high of $152.10. The company has a market cap of $1.30 trillion, a price-to-earnings ratio of 20.00, a PEG ratio of 1.77 and a beta of 1.08.
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Analyst Ratings Changes
Several research firms have recently commented on GOOG. Sanford C. Bernstein set a $120.00 target price on Alphabet in a research note on Thursday, January 12th. Oppenheimer lowered their target price on Alphabet from $135.00 to $130.00 and set an "outperform" rating for the company in a research note on Thursday. Cowen lowered their target price on Alphabet from $135.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, January 11th. Credit Suisse Group set a $145.00 target price on Alphabet in a research note on Wednesday. Finally, JPMorgan Chase & Co. set a $115.00 price target on shares of Alphabet in a research note on Wednesday, October 26th. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $140.90.
Insider Buying and Selling
In other Alphabet news, SVP Prabhakar Raghavan sold 22,203 shares of the business's stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total value of $1,992,719.25. Following the transaction, the senior vice president now directly owns 76,579 shares of the company's stock, valued at $6,872,965.25. The sale was disclosed in a legal filing with the SEC, which is available through
this link. In other news, Director Ann Mather sold 340 shares of the business's stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $96.92, for a total transaction of $32,952.80. Following the completion of the sale, the director now owns 11,300 shares in the company, valued at $1,095,196. The transaction was disclosed in a filing with the SEC, which is available at
this hyperlink. Also, SVP Prabhakar Raghavan sold 22,203 shares of the business's stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total value of $1,992,719.25. Following the sale, the senior vice president now owns 76,579 shares of the company's stock, valued at approximately $6,872,965.25. The disclosure for this sale can be found
here. Over the last ninety days, insiders have purchased 661,702 shares of company stock valued at $23,399,217 and have sold 202,117 shares valued at $9,699,988. 12.99% of the stock is owned by insiders.
Institutional Investors Weigh In On Alphabet
Several institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in Alphabet by 1,807.4% during the third quarter. Bank of New York Mellon Corp now owns 57,069,444 shares of the information services provider's stock worth $5,487,226,000 after buying an additional 54,077,519 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in Alphabet by 1,892.4% during the third quarter. CIBC Private Wealth Group LLC now owns 5,718,430 shares of the information services provider's stock worth $549,828,000 after buying an additional 5,431,413 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Alphabet by 1,943.1% during the third quarter. Baird Financial Group Inc. now owns 5,262,096 shares of the information services provider's stock worth $505,951,000 after buying an additional 5,004,540 shares in the last quarter. Retirement Systems of Alabama grew its holdings in Alphabet by 1,865.8% during the third quarter. Retirement Systems of Alabama now owns 2,730,923 shares of the information services provider's stock worth $262,578,000 after buying an additional 2,592,001 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in Alphabet by 1,891.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,275,546 shares of the information services provider's stock valued at $218,793,000 after purchasing an additional 2,161,273 shares during the period. Institutional investors own 28.69% of the company's stock.
About Alphabet
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Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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