Alphabet (GOOG) Earning Somewhat Positive Media Coverage, Analysis Shows

Press coverage about Alphabet (NASDAQ:GOOG) has trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Alphabet earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news articles about the information services provider an impact score of 45.2371758805853 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

A number of equities analysts have recently commented on GOOG shares. UBS Group reissued a “buy” rating on shares of Alphabet in a research report on Thursday, January 11th. Deutsche Bank reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, October 25th. Morningstar reissued a “neutral” rating on shares of Alphabet in a research report on Friday, January 19th. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research report on Friday, January 12th. Finally, Piper Jaffray Companies boosted their price objective on Alphabet from $1,150.00 to $1,300.00 and gave the stock an “overweight” rating in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty-six have issued a buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and an average target price of $1,064.49.

Shares of Alphabet (NASDAQ GOOG) traded up $5.28 during midday trading on Friday, reaching $1,094.80. The company’s stock had a trading volume of 1,680,000 shares, compared to its average volume of 1,870,000. 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 has a one year low of $803.37 and a one year high of $1,186.89. The stock has a market capitalization of $761,450.00, a PE ratio of 60.96 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data 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 net margin of 11.42% and a return on equity of 14.94%. The firm had revenue of $32.32 billion during the quarter, compared to analysts’ expectations of $31.88 billion. During the same quarter in the prior year, the firm posted $9.36 EPS. Alphabet’s quarterly revenue was up 24.0% compared to the same quarter last year.

Alphabet announced that its Board of Directors has authorized a share buyback plan on Thursday, February 1st that permits the company to repurchase $8.59 billion in shares. This repurchase authorization permits the information services provider to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

In other news, VP James Grier Campbell sold 184 shares of the company’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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 38 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $1,015.80, for a total value of $38,600.40. Following the sale, the director now owns 1,813 shares of the company’s stock, valued at approximately $1,841,645.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,010 shares of company stock valued at $41,531,496. 13.92% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Alphabet (NASDAQ:GOOG)

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