Somewhat Positive Press Coverage Somewhat Unlikely to Affect Alphabet (GOOG) Share Price
News stories about Alphabet (NASDAQ:GOOG) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alphabet earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave media coverage about the information services provider an impact score of 42.3794794901424 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Cramer: ‘This time it’s different’ can actually make you money (finance.yahoo.com)
- Everything to Know About Facebook’s Big News Feed Change (finance.yahoo.com)
- Android Circuit: Samsung Confirms Galaxy S9 Launch Date, Huawei Vs USA, Radical Galaxy X Cancelled (finance.yahoo.com)
- Facebook Kills its "Answer" to Siri and Alexa (finance.yahoo.com)
- Alphabet (GOOG) Given Buy Rating at Morgan Stanley (americanbankingnews.com)
Alphabet (NASDAQ GOOG) traded up $16.74 during mid-day trading on Friday, hitting $1,122.26. The company had a trading volume of 1,718,490 shares, compared to its average volume of 1,350,000. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The stock has a market cap of $782,650.00, a P/E ratio of 37.38 and a beta of 0.94. Alphabet has a 52-week low of $790.52 and a 52-week high of $1,124.29.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $8.31 by $1.26. The firm had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.06 EPS.
GOOG has been the topic of a number of recent research reports. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 20th. Wells Fargo & Co reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 6th. Piper Jaffray Companies reissued an “overweight” rating and set a $1,150.00 price objective on shares of Alphabet in a research note on Thursday, October 19th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $1,052.31.
In other Alphabet news, Director Ann Mather sold 38 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total transaction of $38,653.98. Following the sale, the director now owns 1,805 shares in the company, valued at approximately $1,836,064.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director L John Doerr sold 12,236 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the sale, the director now owns 3,485 shares in the company, valued at approximately $3,560,171.45. The disclosure for this sale can be found here. Insiders sold a total of 36,900 shares of company stock worth $37,877,147 in the last quarter. Company insiders own 13.92% of the company’s stock.
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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