Media headlines about Alphabet (NASDAQ:GOOG) have trended somewhat positive on Saturday, according to Accern. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alphabet earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned news stories about the information services provider an impact score of 42.8929204564564 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Alphabet (GOOG) Given Buy Rating at Morgan Stanley (americanbankingnews.com)
- Noteworthy Friday Option Activity: NXPI, GOOG, CHDN – Nasdaq (nasdaq.com)
- Alphabet (GOOG) Price Target Raised to $1,250.00 at SunTrust Banks (americanbankingnews.com)
- Bloomberg: Google will launch new online store featuring Home, Nest – Seeking Alpha (seekingalpha.com)
- Alphabet Inc. (GOOG) is worth Technically buying or selling right now? – Wall Street Morning (wallstreetmorning.com)
Several equities research analysts recently weighed in on GOOG shares. SunTrust Banks reaffirmed a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a report on Saturday, September 23rd. Robert W. Baird reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Alphabet in a report on Saturday, September 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,100.00 price target on shares of Alphabet in a report on Saturday, September 23rd. Bank of America reaffirmed a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a report on Tuesday, September 26th. Finally, Morgan Stanley reissued a “buy” rating on shares of Alphabet in a report on Friday, September 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $1,052.31.
Alphabet (NASDAQ:GOOG) opened at $1,122.26 on Friday. The firm has a market capitalization of $782,040.00, a PE ratio of 37.38 and a beta of 0.94. Alphabet has a 52 week low of $790.52 and a 52 week high of $1,124.29. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating the consensus estimate of $8.31 by $1.26. The business had revenue of $27.77 billion for the quarter, compared to analyst estimates of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company posted $9.06 EPS.
In related news, VP James Grier Campbell sold 184 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $1,012.66, for a total transaction of $186,329.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $1,065.21, for a total value of $4,260,840.00. Following the transaction, the chief executive officer now directly owns 1,031 shares in the company, valued at $1,098,231.51. The disclosure for this sale can be found here. Insiders have sold a total of 36,900 shares of company stock worth $37,877,147 over the last three months. 13.92% of the stock is currently owned by corporate insiders.
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Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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