Somewhat Positive Press Coverage Somewhat Unlikely to Affect Alphabet (NASDAQ:GOOG) Share Price
News headlines about Alphabet (NASDAQ:GOOG) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alphabet earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave media coverage about the information services provider an impact score of 44.1469859377515 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s analysis:
- Alphabet Inc (GOOGL) Stock Is More Than Worth Its Premium (investorplace.com)
- Trade of the Day: Alphabet Inc (GOOGL) Stock Ready for a Brief Correction (investorplace.com)
- Snap earnings: As Facebook and Google challenge turf, new approach rolls out – MarketWatch (marketwatch.com)
- Google’s firing of memo writer James Damore struck a nerve in Silicon Valley – Business Insider (businessinsider.com)
- Snap Has a New Competitor: Google (investopedia.com)
Several analysts recently issued reports on GOOG shares. Nomura reissued a “buy” rating and issued a $985.00 target price on shares of Alphabet in a research note on Monday, May 1st. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, June 28th. Barclays PLC reissued an “overweight” rating on shares of Alphabet in a research note on Monday, April 17th. Wedbush reissued an “underperform” rating and issued a $725.00 target price (up from $700.00) on shares of Alphabet in a research note on Saturday, April 29th. Finally, Cantor Fitzgerald reissued a “buy” rating on shares of Alphabet in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $1,022.32.
Shares of Alphabet (NASDAQ GOOG) traded down 0.42% during midday trading on Wednesday, hitting $922.90. 1,191,577 shares of the stock were exchanged. The stock has a market cap of $639.46 billion, a price-to-earnings ratio of 33.45 and a beta of 0.94. The firm’s 50-day moving average is $941.33 and its 200-day moving average is $885.08. Alphabet has a 12 month low of $727.54 and a 12 month high of $988.25.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The company had revenue of $26.01 billion during the quarter, compared to analysts’ expectations of $25.61 billion. During the same quarter in the previous year, the company earned $8.42 earnings per share. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. Equities research analysts predict that Alphabet will post $30.59 earnings per share for the current year.
In other Alphabet news, SVP David C. Drummond sold 2,000 shares of Alphabet stock in a transaction on Friday, May 12th. The shares were sold at an average price of $945.65, for a total value of $1,891,300.00. Following the completion of the transaction, the senior vice president now owns 3,800 shares of the company’s stock, valued at $3,593,470. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP James Grier Campbell sold 183 shares of Alphabet stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $968.95, for a total transaction of $177,317.85. The disclosure for this sale can be found here. Insiders sold 47,218 shares of company stock valued at $44,511,312 in the last ninety days. 13.92% of the stock is owned by corporate insiders.
Alphabet Company Profile
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.
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