Alphabet Inc. (GOOG) Given Buy Rating at Macquarie

Alphabet Inc. (NASDAQ:GOOG)‘s stock had its “buy” rating reaffirmed by equities research analysts at Macquarie in a research report issued to clients and investors on Friday, October 27th.

A number of other analysts have also issued reports on the company. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Vetr downgraded Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,033.60 price objective for the company. in a research report on Wednesday, August 30th. Deutsche Bank AG reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, October 25th. UBS AG reiterated a “buy” rating and issued a $1,080.00 price objective on shares of Alphabet in a research report on Monday, September 11th. Finally, Credit Suisse Group AG reiterated an “outperform” rating on shares of Alphabet in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirty-nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,047.52.

Alphabet (NASDAQ GOOG) traded down $2.32 on Friday, reaching $1,025.75. The company’s stock had a trading volume of 885,700 shares, compared to its average volume of 1,497,805. The firm has a market cap of $716,660.00, a price-to-earnings ratio of 34.42 and a beta of 0.96. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet has a 12-month low of $727.54 and a 12-month high of $1,048.39.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $8.31 by $1.26. The firm had revenue of $27.77 billion for the quarter, compared to analyst estimates of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The company’s revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the firm posted $9.06 EPS.

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In other Alphabet news, Director Ann Mather sold 37 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $940.67, for a total transaction of $34,804.79. Following the transaction, the director now owns 1,789 shares of the company’s stock, valued at $1,682,858.63. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $924.36, for a total value of $3,697,440.00. Following the transaction, the chief executive officer now directly owns 1,324 shares in the company, valued at approximately $1,223,852.64. The disclosure for this sale can be found here. Insiders have sold 26,158 shares of company stock worth $25,062,399 in the last quarter. 13.92% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Burt Wealth Advisors grew its position in shares of Alphabet by 17.2% in the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after purchasing an additional 20 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its position in shares of Alphabet by 3.8% in the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 5 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its position in shares of Alphabet by 39.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after purchasing an additional 40 shares during the last quarter. Farmers National Bank grew its position in shares of Alphabet by 15.0% in the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after purchasing an additional 21 shares during the last quarter. Finally, Almanack Investment Partners LLC. grew its position in shares of Alphabet by 4.5% in the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after purchasing an additional 7 shares during the last quarter. 34.28% of the stock is currently owned by institutional investors.

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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