Alphabet Inc. (GOOG) Rating Reiterated by JPMorgan Chase & Co.
GOOG has been the topic of several other reports. Citigroup Inc. restated a buy rating and issued a $900.00 price target on shares of Alphabet in a research report on Saturday, June 18th. Stifel Nicolaus restated a buy rating and issued a $925.00 price target (up from $888.00) on shares of Alphabet in a research report on Friday, July 29th. Longbow Research began coverage on shares of Alphabet in a research report on Wednesday, July 6th. They issued a buy rating on the stock. Macquarie restated an outperform rating and issued a $975.00 price target on shares of Alphabet in a research report on Friday, July 29th. Finally, Goldman Sachs Group Inc. set a $810.00 target price on shares of Alphabet and gave the company a buy rating in a research report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $925.99.
Alphabet (NASDAQ:GOOG) opened at 777.29 on Tuesday. The company has a market capitalization of $534.21 billion, a PE ratio of 30.12 and a beta of 1.03. The stock has a 50 day moving average of $773.79 and a 200 day moving average of $738.90. Alphabet has a 12-month low of $625.56 and a 12-month high of $789.87.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.03 by $0.39. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $20.74 billion. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. The business’s quarterly revenue was up 21.3% on a year-over-year basis. During the same period last year, the business posted $6.99 EPS. On average, equities research analysts predict that Alphabet will post $34.30 EPS for the current year.
In other news, insider Sergey Brin sold 33,332 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $792.82, for a total value of $26,426,276.24. Following the sale, the insider now directly owns 16,666 shares in the company, valued at approximately $13,213,138.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 43 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $773.49, for a total transaction of $33,260.07. Following the completion of the sale, the director now owns 1,656 shares in the company, valued at $1,280,899.44. The disclosure for this sale can be found here. Company insiders own 13.92% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Evercore Wealth Management LLC increased its stake in Alphabet by 0.5% in the second quarter. Evercore Wealth Management LLC now owns 58,503 shares of the company’s stock worth $40,490,000 after buying an additional 300 shares during the last quarter. Carnick & Kubik Group LLC bought a new stake in Alphabet during the second quarter worth $911,000. Williams Jones & Associates LLC increased its stake in Alphabet by 13.8% in the second quarter. Williams Jones & Associates LLC now owns 43,394 shares of the company’s stock worth $30,033,000 after buying an additional 5,260 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Alphabet during the second quarter worth $8,254,000. Finally, Kentucky Retirement Systems bought a new stake in Alphabet during the second quarter worth $17,383,000. Institutional investors own 34.39% of the company’s stock.
Alphabet Company Profile
Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.
Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.