Very Negative News Coverage Somewhat Likely to Impact Alphabet (NASDAQ:GOOG) Stock Price

Media stories about Alphabet (NASDAQ:GOOG) have been trending very negative recently, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Alphabet earned a news impact score of -3.17 on their scale. InfoTrie also gave press coverage about the information services provider an news buzz score of 5 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the near term.

These are some of the news articles that may have effected Alphabet’s score:

Shares of NASDAQ:GOOG opened at $1,085.35 on Monday. Alphabet has a one year low of $970.11 and a one year high of $1,289.27. The company has a quick ratio of 3.93, a current ratio of 3.96 and a debt-to-equity ratio of 0.02. The company has a market cap of $753.50 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 1.28 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, topping the consensus estimate of $10.51 by $1.39. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. The company had revenue of $36.34 billion during the quarter, compared to analysts’ expectations of $37.36 billion. During the same quarter in the previous year, the company earned $9.93 EPS. Alphabet’s revenue was up 16.7% on a year-over-year basis. As a group, equities research analysts forecast that Alphabet will post 48.44 earnings per share for the current fiscal year.

GOOG has been the subject of several analyst reports. BidaskClub downgraded shares of Alphabet from a “sell” rating to a “strong sell” rating in a report on Monday, February 25th. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, May 15th. Barclays reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, April 30th. Pivotal Research initiated coverage on shares of Alphabet in a research note on Wednesday, May 29th. They issued a “hold” rating for the company. Finally, Deutsche Bank dropped their target price on shares of Alphabet from $1,385.00 to $1,300.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $1,361.50.

In other news, Director Ann Mather sold 39 shares of Alphabet stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $1,182.00, for a total transaction of $46,098.00. Following the completion of the sale, the director now owns 1,797 shares in the company, valued at approximately $2,124,054. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Amie Thuener O’toole sold 89 shares of Alphabet stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $1,195.32, for a total transaction of $106,383.48. Following the sale, the vice president now owns 388 shares of the company’s stock, valued at approximately $463,784.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 423 shares of company stock valued at $494,939. 13.11% of the stock is owned by corporate insiders.

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About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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