3 days Ago By ABMN Staff
Alphabet ( NASDAQ:GOOG – Get Free Report ) is expected to be posting its quarterly earnings results before the market opens on Thursday, April 24th. Analysts expect Alphabet to post earnings of $2.04 per share and revenue of $89.
30 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link . Alphabet ( NASDAQ:GOOG – Get Free Report ) last released its quarterly earnings data on Tuesday, February 4th.
The information services provider reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.
03. Alphabet had a net margin of 28.60% and a return on equity of 32.
49%. On average, analysts expect Alphabet to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year. Alphabet Price Performance Shares of NASDAQ GOOG opened at $155.
50 on Thursday. The stock has a market cap of $1.90 trillion, a price-to-earnings ratio of 19.
32, a PEG ratio of 1.34 and a beta of 1.04.
The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.
84. Alphabet has a fifty-two week low of $142.66 and a fifty-two week high of $208.
70. The firm’s 50-day simple moving average is $168.53 and its 200 day simple moving average is $177.
67. Alphabet Announces Dividend Insider Activity In related news, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.
08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.
84. This represents a 6.98 % decrease in their position.
The transaction was disclosed in a filing with the SEC, which is available through this link . Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $158.
56, for a total transaction of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares in the company, valued at approximately $430,917,877.
76. This trade represents a 1.18 % decrease in their position.
The disclosure for this sale can be found here . Over the last three months, insiders have sold 115,663 shares of company stock valued at $20,286,447. 12.
99% of the stock is currently owned by insiders. Institutional Trading of Alphabet A hedge fund recently raised its stake in Alphabet stock. Brighton Jones LLC boosted its holdings in shares of Alphabet Inc.
( NASDAQ:GOOG – Free Report ) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,253 shares of the information services provider’s stock after acquiring an additional 6,410 shares during the period.
Alphabet accounts for about 0.7% of Brighton Jones LLC’s investment portfolio, making the stock its 22nd largest holding. Brighton Jones LLC’s holdings in Alphabet were worth $22,901,000 as of its most recent SEC filing.
27.26% of the stock is owned by institutional investors. Analysts Set New Price Targets GOOG has been the subject of several analyst reports.
The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Oppenheimer boosted their price target on shares of Alphabet from $215.00 to $225.
00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. UBS Group dropped their price objective on Alphabet from $209.
00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Finally, Scotiabank raised their target price on Alphabet from $212.
00 to $240.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock.
According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $210.88.
Read Our Latest Stock Report on Alphabet Alphabet Company Profile ( Get Free Report ) Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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