News coverage about Alphabet (NASDAQ:GOOG) has trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Alphabet earned a daily sentiment score of -1.73 on their scale. InfoTrie also assigned news stories about the information services provider an news buzz score of 0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Alphabet’s ranking:
- Alphabet’s Loon agrees airspace deal with Uganda for internet balloon service – Yahoo Finance (finance.yahoo.com)
- Alphabet Roundup: CEO Pichai, Labor Trouble, Digital Tax in Europe, Verily, Waymo – Yahoo Finance (finance.yahoo.com)
- U.S. Justice Department to review Google’s deal for Fitbit: source (feeds.reuters.com)
- U.S. attorney general says Big Tech probes to be completed next year (feeds.reuters.com)
- Alphabet’s Loon closer to Kenya launch – Seeking Alpha (seekingalpha.com)
Several equities analysts have recently commented on the stock. BidaskClub upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a report on Saturday. Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a report on Tuesday, October 29th. Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a report on Monday, October 28th. Deutsche Bank decreased their price objective on shares of Alphabet from $1,600.00 to $1,550.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Finally, Raymond James upped their price objective on shares of Alphabet from $1,360.00 to $1,475.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $1,469.93.
Alphabet stock opened at $1,344.66 on Wednesday. The firm has a market cap of $924.61 billion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 1.64 and a beta of 1.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.78 and a quick ratio of 3.75. Alphabet has a fifty-two week low of $970.11 and a fifty-two week high of $1,359.45. The firm has a fifty day moving average price of $1,299.02 and a two-hundred day moving average price of $1,198.51.
Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $12.57 by ($2.45). The firm had revenue of $40.50 billion for the quarter, compared to analyst estimates of $40.17 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. The firm’s revenue was up 20.0% on a year-over-year basis. During the same period in the prior year, the firm earned $13.06 EPS. As a group, sell-side analysts expect that Alphabet will post 49.03 earnings per share for the current year.
In other Alphabet news, Director Ann Mather sold 31 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $1,300.50, for a total transaction of $40,315.50. Following the completion of the transaction, the director now owns 1,773 shares of the company’s stock, valued at approximately $2,305,786.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David C. Drummond sold 1,600 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $1,220.75, for a total transaction of $1,953,200.00. Following the transaction, the senior vice president now directly owns 45,806 shares of the company’s stock, valued at approximately $55,917,674.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 87,260 shares of company stock valued at $111,762,027. Company insiders own 12.99% of the company’s stock.
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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