Media headlines about Alphabet (NASDAQ:GOOG) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty 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 coverage optimism score of 0.09 on Accern’s scale. Accern also gave press coverage about the information services provider an impact score of 44.8492298985864 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Amazon is now second most valuable U.S.-listed company, tops Alphabet (feeds.reuters.com)
- Here’s the stock market’s biggest tail risk – MarketWatch (marketwatch.com)
- Google unveils $300 million plan to fight fake news, support journalism – MarketWatch (marketwatch.com)
- Amazon just passed Alphabet to become the world’s second most valuable company (finance.yahoo.com)
- Alphabet Inc’s Next Big Thing Could Be Shopping Actions (investorplace.com)
Shares of Alphabet (NASDAQ:GOOG) traded down $2.11 during mid-day trading on Tuesday, reaching $1,097.71. 1,831,826 shares of the company’s stock were exchanged, compared to its average volume of 1,814,091. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11. Alphabet has a twelve month low of $803.37 and a twelve month high of $1,186.89. The company has a market cap of $789,085.88, a P/E ratio of 61.12 and a beta of 1.04.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $10.07 by ($0.37). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The business had revenue of $32.32 billion for the quarter, compared to the consensus estimate of $31.88 billion. During the same quarter in the prior year, the business posted $9.36 earnings per share. Alphabet’s revenue for the quarter was up 24.0% on a year-over-year basis.
Alphabet declared that its board has initiated a share buyback plan on Thursday, February 1st that allows the company to buyback $8.59 billion in outstanding shares. This buyback authorization allows the information services provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
Several research analysts have commented on GOOG shares. UBS reissued a “buy” rating on shares of Alphabet in a report on Thursday, January 11th. BidaskClub upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Tuesday, December 12th. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,084.59 target price on the stock in a research report on Wednesday, November 29th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research report on Friday, January 12th. Finally, SunTrust Banks upped their target price on shares of Alphabet to $1,250.00 and gave the company a “buy” rating in a research report on Friday, January 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-five have assigned a buy rating and one has issued a strong buy rating to the company. Alphabet has a consensus rating of “Buy” and an average price target of $1,073.56.
In other Alphabet news, VP James Grier Campbell sold 183 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $1,048.34, for a total value of $191,846.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $1,072.64, for a total transaction of $4,290,560.00. Following the completion of the sale, the chief executive officer now owns 803 shares of the company’s stock, valued at $861,329.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,709 shares of company stock worth $52,954,941. Insiders own 13.92% of the company’s stock.
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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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