Alphabet Inc (NASDAQ:GOOG) has earned a consensus recommendation of “Buy” from the thirty-one analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-six have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $1,307.47.
A number of analysts have recently issued reports on GOOG shares. Morgan Stanley restated a “buy” rating on shares of Alphabet in a report on Friday, June 1st. BidaskClub upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Wednesday, June 6th. Societe Generale restated a “buy” rating on shares of Alphabet in a report on Friday, July 6th. Royal Bank of Canada restated a “buy” rating on shares of Alphabet in a report on Tuesday, July 10th. Finally, Nomura restated a “buy” rating on shares of Alphabet in a report on Wednesday, July 11th.
Shares of NASDAQ:GOOG traded up $16.56 on Friday, reaching $1,197.05. 61,176 shares of the company traded hands, compared to its average volume of 1,460,837. Alphabet has a fifty-two week low of $927.74 and a fifty-two week high of $1,273.89. The company has a market capitalization of $824.45 billion, a PE ratio of 28.93 and a beta of 1.11. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.13 and a current ratio of 4.15.
Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, beating analysts’ consensus estimates of $9.66 by $2.09. Alphabet had a return on equity of 18.24% and a net margin of 13.16%. The company had revenue of $32.66 billion during the quarter, compared to the consensus estimate of $32.13 billion. During the same quarter in the prior year, the firm earned $5.01 EPS. The company’s quarterly revenue was up 25.6% compared to the same quarter last year.
In other Alphabet news, VP Amie Thuener O’toole sold 73 shares of the stock in a transaction on Tuesday, July 3rd. The shares were sold at an average price of $1,135.82, for a total transaction of $82,914.86. Following the transaction, the vice president now directly owns 388 shares of the company’s stock, valued at $440,698.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 24 shares of the stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $1,100.00, for a total transaction of $26,400.00. Following the transaction, the director now directly owns 1,870 shares in the company, valued at $2,057,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,362 shares of company stock valued at $105,424,908. 13.11% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. Summit X LLC increased its position in Alphabet by 19.8% during the second quarter. Summit X LLC now owns 612 shares of the information services provider’s stock worth $677,000 after buying an additional 101 shares during the last quarter. Rehmann Capital Advisory Group grew its position in shares of Alphabet by 3.9% in the second quarter. Rehmann Capital Advisory Group now owns 2,509 shares of the information services provider’s stock valued at $2,799,000 after purchasing an additional 95 shares during the last quarter. Northern Trust Corp grew its position in shares of Alphabet by 0.6% in the second quarter. Northern Trust Corp now owns 4,038,140 shares of the information services provider’s stock valued at $4,505,150,000 after purchasing an additional 22,736 shares during the last quarter. SP Asset Management acquired a new stake in shares of Alphabet in the second quarter valued at about $1,892,000. Finally, Ashburton Jersey Ltd grew its position in shares of Alphabet by 1.5% in the second quarter. Ashburton Jersey Ltd now owns 20,500 shares of the information services provider’s stock valued at $22,871,000 after purchasing an additional 296 shares during the last quarter. 34.20% of the stock is currently owned by hedge funds and other institutional investors.
Alphabet Company Profile
Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.
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