Alphabet Inc. (GOOG) Earns Buy Rating from Barclays PLC

Barclays PLC reissued their buy rating on shares of Alphabet Inc. (NASDAQ:GOOG) in a research note released on Friday, October 27th.

Several other research analysts have also recently issued reports on GOOG. Atlantic Securities reissued a buy rating on shares of Alphabet in a research note on Friday, October 27th. JMP Securities reaffirmed a buy rating on shares of Alphabet in a research note on Friday, October 27th. Morgan Stanley reaffirmed a buy rating on shares of Alphabet in a report on Friday, October 27th. J P Morgan Chase & Co reaffirmed a buy rating on shares of Alphabet in a report on Friday, October 27th. Finally, Deutsche Bank AG reaffirmed a buy rating on shares of Alphabet in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirty-nine have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $1,047.52.

Shares of Alphabet (GOOG) traded down $2.32 on Friday, reaching $1,025.75. The company had a trading volume of 885,700 shares, compared to its average volume of 1,497,805. The company has a market cap of $716,660.00, a P/E ratio of 34.42 and a beta of 0.96. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet has a 52-week low of $727.54 and a 52-week high of $1,048.39.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the Zacks’ consensus estimate of $8.31 by $1.26. The firm had revenue of $27.77 billion during 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 firm’s revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the business earned $9.06 EPS.

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In other news, Director Ann Mather sold 37 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $940.67, for a total value of $34,804.79. Following the sale, the director now directly owns 1,789 shares in the company, valued at $1,682,858.63. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $1,018.97, for a total value of $4,075,880.00. Following the completion of the sale, the chief executive officer now owns 1,699 shares in the company, valued at $1,731,230.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,158 shares of company stock worth $25,062,399. Corporate insiders own 13.92% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Burt Wealth Advisors raised its holdings in Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after acquiring an additional 20 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in Alphabet by 3.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after acquiring an additional 5 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its holdings in Alphabet by 39.6% during the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock worth $128,000 after acquiring an additional 40 shares in the last quarter. Farmers National Bank raised its holdings in Alphabet by 15.0% during the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock worth $134,000 after acquiring an additional 21 shares in the last quarter. Finally, Archford Capital Strategies LLC raised its holdings in Alphabet by 400.0% during the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after acquiring an additional 832 shares in the last quarter. Institutional investors and hedge funds own 34.28% of the company’s stock.

About Alphabet

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.

Analyst Recommendations for Alphabet (NASDAQ:GOOG)

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