Headlines about Alphabet (NASDAQ:GOOG) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alphabet earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the information services provider an impact score of 44.9845678141119 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s rankings:
- Alphabet leads Silicon Valley tech stock sell-off as Dow plunges more than 700 points (bizjournals.com)
- How Amazon.com, Inc. (AMZN) Can be Hit in a Trade War (yahoo.com)
- Alphabet (GOOG) Cut to “Hold” at Vetr (americanbankingnews.com)
- Alphabet (GOOG) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
- 52-week High Price Level To Watch- Alphabet Inc. (GOOG) – The Stocks News (press release) (thestocksnews.com)
GOOG stock traded down $27.51 during midday trading on Friday, hitting $1,021.57. The stock had a trading volume of 2,143,261 shares, compared to its average volume of 1,894,665. Alphabet has a 12 month low of $803.37 and a 12 month high of $1,186.89. The firm has a market capitalization of $728,882.94, a PE ratio of 56.88 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.11 and a current ratio of 5.14.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $10.07 by ($0.37). Alphabet had a return on equity of 14.94% and a net margin of 11.42%. The company had revenue of $32.32 billion during the quarter, compared to analyst estimates of $31.88 billion. During the same period last year, the firm earned $9.36 earnings per share. The business’s revenue was up 24.0% compared to the same quarter last year.
Alphabet declared that its board has authorized a share buyback program on Thursday, February 1st that authorizes the company to repurchase $8.59 billion in shares. This repurchase authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
GOOG has been the topic of several analyst reports. Vetr upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,172.75 target price on the stock in a research note on Monday, March 19th. SunTrust Banks lifted their price target on Alphabet to $1,250.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research note on Friday, January 12th. Finally, Morningstar restated a “neutral” rating on shares of Alphabet in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company. Alphabet has a consensus rating of “Buy” and a consensus price target of $1,075.75.
In other news, Director L John Doerr sold 11,575 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $1,079.99, for a total value of $12,500,884.25. Following the completion of the transaction, the director now directly owns 3,485 shares of the company’s stock, valued at $3,763,765.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $1,092.73, for a total value of $4,370,920.00. Following the completion of the transaction, the chief executive officer now directly owns 628 shares of the company’s stock, valued at $686,234.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,709 shares of company stock valued at $53,035,301. Insiders own 13.92% of the company’s stock.
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Alphabet Company Profile
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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