Alphabet’s (GOOG) “Buy” Rating Reaffirmed at UBS Group

Alphabet (NASDAQ:GOOG)‘s stock had its “buy” rating reissued by research analysts at UBS Group in a note issued to investors on Thursday, www.boersen-zeitung.de reports.

GOOG has been the topic of several other research reports. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 20th. Wells Fargo & Co reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 6th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $1,150.00 price target on shares of Alphabet in a report on Thursday, October 19th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, six have given a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $1,052.31.

Alphabet (GOOG) traded up $16.74 during trading on Thursday, reaching $1,122.26. The company had a trading volume of 1,708,400 shares, compared to its average volume of 1,350,000. The company has a market capitalization of $782,650.00, a PE ratio of 37.38 and a beta of 0.94. Alphabet has a fifty-two week low of $790.52 and a fifty-two week high of $1,124.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.31 by $1.26. The business had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the business earned $9.06 earnings per share.

In related news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $993.58, for a total value of $3,974,320.00. Following the sale, the chief executive officer now owns 1,471 shares of the company’s stock, valued at approximately $1,461,556.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP James Grier Campbell sold 183 shares of Alphabet 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 disclosure for this sale can be found here. In the last three months, insiders sold 36,900 shares of company stock worth $37,877,147. 13.92% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Alphabet by 3.0% in the second quarter. Vanguard Group Inc. now owns 20,440,038 shares of the information services provider’s stock valued at $18,574,476,000 after purchasing an additional 589,654 shares in the last quarter. BlackRock Inc. grew its stake in Alphabet by 4.8% in the second quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock valued at $16,409,850,000 after purchasing an additional 826,480 shares in the last quarter. FMR LLC grew its stake in Alphabet by 0.4% in the second quarter. FMR LLC now owns 13,971,679 shares of the information services provider’s stock valued at $12,696,484,000 after purchasing an additional 62,507 shares in the last quarter. Capital World Investors grew its stake in Alphabet by 13.9% in the second quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock valued at $5,789,842,000 after purchasing an additional 776,853 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in Alphabet by 3.2% in the second quarter. Capital Research Global Investors now owns 4,983,431 shares of the information services provider’s stock valued at $4,528,593,000 after purchasing an additional 155,151 shares in the last quarter. Hedge funds and other institutional investors own 34.65% of the company’s stock.

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About Alphabet

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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