1 week Ago By ABMN Staff
Alphabet ( NASDAQ:GOOG – Get Free Report ) was downgraded by equities research analysts at Citizens Jmp from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports. Several other analysts also recently weighed in on GOOG.
UBS Group upped their price target on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th.
Scotiabank assumed coverage on Alphabet in a research note on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 target price on the stock.
Oppenheimer lifted their price target on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th.
Citigroup increased their price objective on shares of Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th.
Finally, DA Davidson raised shares of Alphabet to a “hold” rating in a report on Tuesday, September 10th. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $200.
56. Read Our Latest Report on Alphabet Alphabet Stock Performance Alphabet ( NASDAQ:GOOG – Get Free Report ) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.
12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29.
Alphabet had a net margin of 27.74% and a return on equity of 31.66%.
The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion.
During the same period last year, the business posted $1.55 earnings per share. Alphabet’s quarterly revenue was up 15.
1% compared to the same quarter last year. As a group, research analysts predict that Alphabet will post 8.02 EPS for the current year.
Insider Buying and Selling at Alphabet In related news, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $167.23, for a total transaction of $473,929.
82. Following the sale, the chief accounting officer now owns 26,349 shares of the company’s stock, valued at $4,406,343.27.
This represents a 9.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link .
Also, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction on Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.
40. Following the completion of the transaction, the insider now directly owns 43,981 shares of the company’s stock, valued at $8,471,620.22.
The trade was a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
In the last ninety days, insiders have sold 154,519 shares of company stock worth $27,734,316. Insiders own 12.99% of the company’s stock.
Institutional Inflows and Outflows A number of hedge funds have recently bought and sold shares of the company. M&G PLC purchased a new stake in shares of Alphabet in the third quarter worth approximately $2,240,000. Coldstream Capital Management Inc.
grew its position in Alphabet by 14.4% in the 3rd quarter. Coldstream Capital Management Inc.
now owns 116,776 shares of the information services provider’s stock valued at $19,642,000 after acquiring an additional 14,738 shares during the last quarter. Metis Global Partners LLC increased its stake in Alphabet by 1.4% in the third quarter.
Metis Global Partners LLC now owns 301,980 shares of the information services provider’s stock worth $50,488,000 after purchasing an additional 4,292 shares during the period. Stevens Capital Management LP lifted its position in shares of Alphabet by 172.9% during the third quarter.
Stevens Capital Management LP now owns 91,237 shares of the information services provider’s stock worth $15,254,000 after purchasing an additional 57,810 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its stake in shares of Alphabet by 10.2% during the third quarter.
Verdence Capital Advisors LLC now owns 63,545 shares of the information services provider’s stock valued at $10,624,000 after purchasing an additional 5,892 shares during the period. Institutional investors own 27.26% of the company’s stock.
About Alphabet ( 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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