Alphabet (GOOG) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Alphabet (NASDAQ: GOOG) in the last few weeks:

  • 10/11/2018 – Alphabet was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/2/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Morgan Stanley.
  • 9/28/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc.
  • 9/27/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Macquarie.
  • 9/26/2018 – Alphabet had its “neutral” rating reaffirmed by analysts at Morningstar, Inc..
  • 9/26/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Morgan Stanley.
  • 9/24/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc.
  • 9/14/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Barclays PLC.
  • 9/11/2018 – Alphabet was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/10/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Wells Fargo & Co.
  • 9/10/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Macquarie.
  • 9/5/2018 – Alphabet was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/3/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Robert W. Baird.
  • 8/30/2018 – Alphabet was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/29/2018 – Alphabet was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/29/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Morgan Stanley.
  • 8/27/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Macquarie.
  • 8/23/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Wells Fargo & Co.
  • 8/21/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc.
  • 8/21/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Macquarie.
  • 8/20/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Barclays PLC.
  • 8/20/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Royal Bank of Canada.

Shares of GOOG opened at $1,121.28 on Wednesday. The firm has a market cap of $830.59 billion, a price-to-earnings ratio of 29.15 and a beta of 1.11. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02. Alphabet Inc has a 1-year low of $960.52 and a 1-year high of $1,273.89.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, beating analysts’ consensus estimates of $9.66 by $2.09. The business had revenue of $32.66 billion during the quarter, compared to analyst estimates of $32.13 billion. Alphabet had a net margin of 13.16% and a return on equity of 18.24%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business earned $5.01 EPS.

In other Alphabet news, VP Amie Thuener O’toole sold 80 shares of the business’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $1,206.20, for a total transaction of $96,496.00. Following the completion of the sale, the vice president now directly owns 388 shares in the company, valued at approximately $468,005.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John L. Hennessy sold 724 shares of the business’s stock in a transaction on Wednesday, July 25th. The shares were sold at an average price of $1,250.30, for a total transaction of $905,217.20. Following the sale, the director now owns 442 shares of the company’s stock, valued at $552,632.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,370 shares of company stock valued at $94,026,373. Company insiders own 13.11% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Chickasaw Capital Management LLC increased its stake in shares of Alphabet by 16.1% in the 3rd quarter. Chickasaw Capital Management LLC now owns 1,839 shares of the information services provider’s stock worth $2,195,000 after purchasing an additional 255 shares in the last quarter. First American Bank purchased a new stake in shares of Alphabet in the 3rd quarter worth $3,639,000. Monte Financial Group LLC increased its stake in shares of Alphabet by 17.2% in the 3rd quarter. Monte Financial Group LLC now owns 476 shares of the information services provider’s stock worth $568,000 after purchasing an additional 70 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Alphabet by 0.6% in the 3rd quarter. Louisiana State Employees Retirement System now owns 18,000 shares of the information services provider’s stock worth $21,482,000 after purchasing an additional 100 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Alphabet by 3.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 101,570 shares of the information services provider’s stock worth $121,210,000 after purchasing an additional 3,199 shares in the last quarter. Institutional investors and hedge funds own 34.18% of the company’s stock.

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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