News coverage about Alphabet (NASDAQ:GOOG) has been trending somewhat negative recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alphabet earned a news impact score of -0.01 on Accern’s scale. Accern also assigned headlines about the information services provider an impact score of 38 out of 100, meaning that recent news coverage is unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Google Fiber CEO Gregory McCray Steps Down (markets.businessinsider.com)
- Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Tealwood Asset Management Inc (hoyentv.com)
- Nest Labs Tech Chief on What Robots Can Do Better Than Humans (finance.yahoo.com)
- [$$] Netflix boosted as viewers outside the US tune in (finance.yahoo.com)
- [$$] Head of troubled Google Fiber steps down (finance.yahoo.com)
Shares of Alphabet (NASDAQ:GOOG) opened at 953.42 on Tuesday. Alphabet has a 12 month low of $719.05 and a 12 month high of $988.25. The firm’s 50-day moving average price is $952.24 and its 200-day moving average price is $860.20. The company has a market cap of $659.53 billion, a PE ratio of 32.22 and a beta of 0.95.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, April 27th. The information services provider reported $7.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $7.38 by $0.35. The firm had revenue of $24.75 billion for the quarter, compared to analyst estimates of $24.18 billion. Alphabet had a return on equity of 15.16% and a net margin of 21.84%. The business’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.50 EPS. Equities analysts predict that Alphabet will post $34.00 EPS for the current fiscal year.
GOOG has been the subject of a number of recent research reports. Nomura reiterated a “buy” rating and set a $985.00 price target on shares of Alphabet in a research note on Monday, May 1st. Barclays PLC restated an “overweight” rating on shares of Alphabet in a research note on Monday, April 17th. Wedbush restated an “underperform” rating and issued a $725.00 target price (up previously from $700.00) on shares of Alphabet in a research note on Saturday, April 29th. Cantor Fitzgerald restated a “buy” rating on shares of Alphabet in a research note on Friday, April 28th. Finally, Morgan Stanley restated a “buy” rating on shares of Alphabet in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $994.64.
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In related news, VP James Grier Campbell sold 183 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $968.95, for a total transaction of $177,317.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David C. Drummond sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $949.77, for a total value of $1,899,540.00. Following the transaction, the senior vice president now directly owns 1,800 shares in the company, valued at $1,709,586. The disclosure for this sale can be found here. Insiders have sold a total of 46,268 shares of company stock worth $42,981,057 in the last ninety days. Insiders own 13.92% of the company’s stock.
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.
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