Alphabet Inc (GOOG) Receives $1,288.84 Consensus Target Price from Analysts
Alphabet Inc (NASDAQ:GOOG) has been assigned an average rating of “Buy” from the thirty-four ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $1,288.84.
GOOG has been the topic of a number of research analyst reports. Barclays restated a “buy” rating on shares of Alphabet in a research note on Friday, September 14th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research note on Wednesday, August 29th. DZ Bank restated a “buy” rating on shares of Alphabet in a research note on Thursday, October 18th. ValuEngine lowered Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, Macquarie restated a “buy” rating on shares of Alphabet in a research note on Monday, September 10th.
In related news, Director Ann Mather sold 24 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $1,206.20, for a total transaction of $28,948.80. Following the transaction, the director now directly owns 1,898 shares in the company, valued at approximately $2,289,367.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 80 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $1,193.80, for a total value of $95,504.00. Following the transaction, the chief accounting officer now owns 388 shares in the company, valued at $463,194.40. The disclosure for this sale can be found here. Insiders have sold a total of 67,359 shares of company stock worth $76,841,496 over the last quarter. Corporate insiders own 13.11% of the company’s stock.
GOOG traded down $0.17 during trading on Friday, reaching $1,064.54. 74,212 shares of the company were exchanged, compared to its average volume of 2,070,118. The stock has a market capitalization of $720.96 billion, a price-to-earnings ratio of 23.31 and a beta of 1.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. Alphabet has a 12-month low of $980.64 and a 12-month high of $1,273.89.
Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, topping analysts’ consensus estimates of $10.41 by $2.65. The business had revenue of $27.16 billion for the quarter. Alphabet had a return on equity of 19.40% and a net margin of 14.45%.
Alphabet Company Profile
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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