Alphabet Inc. (NASDAQ:GOOG)‘s stock had its “buy” rating reaffirmed by equities researchers at JMP Securities in a note issued to investors on Friday.
Several other equities research analysts also recently commented on the company. Credit Suisse Group restated a “buy” rating on shares of Alphabet in a report on Friday. Cowen and Company reaffirmed an “outperform” rating and set a $1,050.00 target price on shares of Alphabet in a research report on Friday. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,040.00 target price on shares of Alphabet in a research report on Friday. Finally, Needham & Company LLC lifted their target price on Alphabet from $925.00 to $935.00 and gave the company a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $946.91.
Shares of Alphabet (NASDAQ:GOOG) traded down 0.18% during trading on Friday, hitting $830.62. 1,631,997 shares of the company traded hands. The stock has a market cap of $572.49 billion, a price-to-earnings ratio of 30.40 and a beta of 0.93. The firm has a 50 day moving average price of $797.24 and a 200-day moving average price of $776.06. Alphabet has a one year low of $663.06 and a one year high of $841.95.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, January 26th. The company reported $9.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $9.67 by $0.31. The firm had revenue of $26.04 billion for the quarter, compared to the consensus estimate of $25.18 billion. Alphabet had a net margin of 22.29% and a return on equity of 15.08%. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.67 EPS. Analysts predict that Alphabet will post $34.48 EPS for the current year.
In other Alphabet news, insider Diane B. Greene sold 4,042 shares of Alphabet stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $797.97, for a total value of $3,225,394.74. Following the completion of the sale, the insider now directly owns 89,569 shares in the company, valued at $71,473,374.93. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP James Grier Campbell sold 194 shares of Alphabet stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $778.20, for a total value of $150,970.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 749,588 shares of company stock valued at $589,494,319. 13.92% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the stock. Signature Estate & Investment Advisors LLC purchased a new stake in Alphabet during the third quarter valued at approximately $102,000. Quantbot Technologies LP increased its stake in Alphabet by 64.2% in the third quarter. Quantbot Technologies LP now owns 156 shares of the company’s stock valued at $121,000 after buying an additional 61 shares in the last quarter. Whitnell & Co. increased its stake in Alphabet by 20.6% in the second quarter. Whitnell & Co. now owns 187 shares of the company’s stock valued at $129,000 after buying an additional 32 shares in the last quarter. Trust Department MB Financial Bank N A increased its stake in Alphabet by 3.0% in the third quarter. Trust Department MB Financial Bank N A now owns 170 shares of the company’s stock valued at $132,000 after buying an additional 5 shares in the last quarter. Finally, Klingman & Associates LLC increased its stake in Alphabet by 28.7% in the third quarter. Klingman & Associates LLC now owns 184 shares of the company’s stock valued at $143,000 after buying an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 34.66% of the company’s stock.
Alphabet Company Profile
Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.