Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Alphabet (GOOG) Stock Price
News headlines about Alphabet (NASDAQ:GOOG) have been trending somewhat positive on Sunday, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty 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 media sentiment score of 0.03 on Accern’s scale. Accern also gave news headlines about the information services provider an impact score of 44.2418404839991 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’s analysis:
- [$$] Alphabet Gets Approval for Giant Balloons to Restore Puerto Rico’s Wireless Service (finance.yahoo.com)
- [$$] Why Big Tech Is Tuning In to Speakers (finance.yahoo.com)
- Google to deploy Project Loon balloons to Puerto Rico to restore cell service (digitaltrends.com)
- Alphabet Inc (GOOG) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- Notable ETF Inflow Detected – IWF, GOOG, PEP, MO (nasdaq.com)
Shares of Alphabet (GOOG) traded up 0.92% during mid-day trading on Friday, hitting $978.89. The stock had a trading volume of 1,173,882 shares. The stock has a market cap of $678.25 billion, a P/E ratio of 35.48 and a beta of 0.94. Alphabet has a one year low of $727.54 and a one year high of $988.25. The firm has a 50 day moving average of $932.79 and a 200-day moving average of $918.65.
Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, topping the Zacks’ consensus estimate of $4.43 by $0.58. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The firm had revenue of $26.01 billion for the quarter, compared to the consensus estimate of $25.61 billion. During the same quarter last year, the business posted $8.42 earnings per share. The firm’s revenue was up 21.0% compared to the same quarter last year. Equities research analysts expect that Alphabet will post $30.59 earnings per share for the current fiscal year.
A number of brokerages have commented on GOOG. UBS AG restated a “buy” rating and issued a $1,080.00 target price on shares of Alphabet in a report on Tuesday, July 25th. Barclays PLC restated a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. J P Morgan Chase & Co restated a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Finally, Robert W. Baird restated an “outperform” rating and issued a $1,100.00 target price on shares of Alphabet in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-nine have assigned a buy rating to the company’s stock. Alphabet presently has an average rating of “Buy” and an average target price of $1,034.31.
In related news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $958.40, for a total transaction of $3,833,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 38 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $959.26, for a total value of $36,451.88. Following the transaction, the director now directly owns 1,797 shares of the company’s stock, valued at $1,723,790.22. The disclosure for this sale can be found here. Insiders sold 42,694 shares of company stock worth $39,941,804 in the last 90 days. Company insiders own 13.92% of the company’s stock.
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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