Alphabet (GOOGL) Receiving Somewhat Positive Media Coverage, Report Shows
Media coverage about Alphabet (NASDAQ:GOOGL) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Alphabet earned a news impact score of 0.19 on Accern’s scale. Accern also assigned press coverage about the information services provider an impact score of 46.4680531277979 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Alphabet Inc (GOOGL) Stake Boosted by Marco Investment Management LLC (americanbankingnews.com)
- Alphabet Inc (GOOGL) Stake Lowered by Sterling Capital Management LLC (americanbankingnews.com)
- Parallel Advisors LLC Increases Position in Alphabet Inc (GOOGL) (americanbankingnews.com)
- Alphabet Inc (GOOGL) Shares Sold by First Western Capital Management Co (americanbankingnews.com)
- Northern Oak Wealth Management Inc. Acquires 676 Shares of Alphabet Inc (GOOGL) (americanbankingnews.com)
Alphabet (NASDAQ:GOOGL) traded up $12.73 during trading hours on Friday, reaching $1,084.14. The company’s stock had a trading volume of 2,508,145 shares, compared to its average volume of 2,410,000. Alphabet has a 1 year low of $824.30 and a 1 year high of $1,198.00. The company has a quick ratio of 5.11, a current ratio of 5.14 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $751,580.00, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 1.12 and a beta of 0.99.
Alphabet announced that its board has approved a share buyback program on Thursday, February 1st that allows the company to buyback $8.59 billion in outstanding shares. This buyback authorization allows the information services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,199.00 price target on the stock in a research note on Tuesday, December 26th. SunTrust Banks cut their price target on Alphabet from $1,250.00 to $1,180.00 in a research note on Monday, January 15th. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $1,250.00 price target (up previously from $1,120.00) on shares of Alphabet in a research note on Monday, January 29th. Cowen upped their price target on Alphabet from $1,150.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. Finally, Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $1,055.90 price target on the stock in a research note on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. Alphabet currently has an average rating of “Buy” and an average price target of $1,161.00.
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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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