Alphabet Inc Class C (NASDAQ:GOOG) has been assigned an average recommendation of “Buy” from the thirty-six research firms that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $1,144.84.
GOOG has been the topic of several research reports. BidaskClub downgraded shares of Alphabet Inc Class C from a “buy” rating to a “hold” rating in a research note on Saturday, April 7th. Vetr downgraded shares of Alphabet Inc Class C from a “strong-buy” rating to a “buy” rating and set a $1,177.20 price target on the stock. in a research note on Wednesday, April 18th. Deutsche Bank reissued a “buy” rating and issued a $1,225.00 price target on shares of Alphabet Inc Class C in a research note on Tuesday, April 24th. Pivotal Research decreased their price target on shares of Alphabet Inc Class C from $1,110.00 to $1,040.00 and set a “hold” rating on the stock in a research note on Monday, April 2nd. Finally, TheStreet raised shares of Alphabet Inc Class C from a “c+” rating to an “a-” rating in a research note on Monday, April 23rd.
In other Alphabet Inc Class C news, VP Amie Thuener O’toole sold 78 shares of Alphabet Inc Class C stock in a transaction dated Wednesday, May 2nd. The shares were sold at an average price of $1,028.10, for a total transaction of $80,191.80. Following the completion of the sale, the vice president now directly owns 388 shares in the company, valued at $398,902.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director L John Doerr sold 11,563 shares of Alphabet Inc Class C stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $1,081.12, for a total transaction of $12,500,990.56. Following the sale, the director now owns 3,485 shares of the company’s stock, valued at $3,767,703.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,091 shares of company stock valued at $64,068,776. Company insiders own 13.11% of the company’s stock.
Several hedge funds have recently made changes to their positions in GOOG. Smart Portfolios LLC acquired a new position in shares of Alphabet Inc Class C in the first quarter valued at approximately $103,000. Stuart Chaussee & Associates Inc. grew its holdings in shares of Alphabet Inc Class C by 108.3% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 100 shares of the information services provider’s stock valued at $105,000 after purchasing an additional 52 shares in the last quarter. Braun Bostich & Associates Inc. acquired a new position in shares of Alphabet Inc Class C in the first quarter valued at approximately $107,000. Litman Gregory Asset Management LLC acquired a new position in shares of Alphabet Inc Class C in the first quarter valued at approximately $113,000. Finally, Price Wealth Management Inc. acquired a new position in Alphabet Inc Class C during the 4th quarter worth approximately $125,000. Hedge funds and other institutional investors own 34.22% of the company’s stock.
Shares of Alphabet Inc Class C traded up $17.33, hitting $1,152.12, during midday trading on Thursday, Marketbeat.com reports. The company’s stock had a trading volume of 1,346,744 shares, compared to its average volume of 1,802,736. The company has a current ratio of 4.87, a quick ratio of 4.85 and a debt-to-equity ratio of 0.02. The company has a market cap of $785.28 billion, a P/E ratio of 35.95 and a beta of 1.10. Alphabet Inc Class C has a 12-month low of $894.79 and a 12-month high of $1,186.89.
Alphabet Inc Class C (NASDAQ:GOOG) last posted its quarterly earnings results on Monday, April 23rd. The information services provider reported $9.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $9.28 by $0.65. The firm had revenue of $31.15 billion for the quarter, compared to the consensus estimate of $30.28 billion. Alphabet Inc Class C had a net margin of 14.19% and a return on equity of 15.58%. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period last year, the firm posted $7.73 earnings per share.
Alphabet Inc Class C 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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