Alphabet Inc (NASDAQ:GOOG) has received an average recommendation of “Buy” from the forty-six analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty-six have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $1,042.43.
Several research firms recently commented on GOOG. BidaskClub raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. TheStreet cut shares of Alphabet from an “a” rating to a “c+” rating in a research note on Thursday, February 1st. Cantor Fitzgerald reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. JMP Securities reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Finally, Vetr cut shares of Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 target price on the stock. in a research note on Wednesday, January 10th.
In other Alphabet news, SVP David C. Drummond sold 5,690 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $1,052.50, for a total value of $5,988,725.00. Following the sale, the senior vice president now owns 2,897 shares of the company’s stock, valued at approximately $3,049,092.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 38 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $1,015.80, for a total transaction of $38,600.40. Following the completion of the sale, the director now directly owns 1,813 shares in the company, valued at approximately $1,841,645.40. The disclosure for this sale can be found here. In the last three months, insiders sold 27,435 shares of company stock worth $29,030,612. Insiders own 13.92% of the company’s stock.
Alphabet (GOOG) traded up $0.16 during trading on Friday, hitting $1,052.10. 1,264,900 shares of the stock were exchanged, compared to its average volume of 1,815,858. Alphabet has a 1 year low of $803.37 and a 1 year high of $1,186.89. The company has a market cap of $741,510.00, a P/E ratio of 59.35 and a beta of 1.01. The company has a quick ratio of 5.11, a current ratio of 5.14 and a debt-to-equity ratio of 0.03.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $10.07 by ($0.37). The business had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.88 billion. Alphabet had a return on equity of 14.94% and a net margin of 11.42%. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period last year, the business posted $9.36 earnings per share.
Alphabet announced that its Board of Directors has initiated a share repurchase program on Thursday, February 1st that permits the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization permits the information services provider to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
ILLEGAL ACTIVITY WARNING: “Brokerages Set Alphabet Inc (GOOG) PT at $1,041.73” was first reported by Markets Daily and is owned by of Markets Daily. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.themarketsdaily.com/2018/02/14/brokerages-set-alphabet-inc-goog-pt-at-1041-73.html.
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.
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.