Alphabet (GOOG) – Research Analysts’ Recent Ratings Updates

Alphabet (NASDAQ: GOOG) has recently received a number of price target changes and ratings updates:

  • 10/29/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Nomura.
  • 10/29/2018 – Alphabet had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co..
  • 10/26/2018 – Alphabet had its price target lowered by analysts at JPMorgan Chase & Co. to $1,350.00. They now have an “overweight” rating on the stock.
  • 10/26/2018 – Alphabet had its price target lowered by analysts at Piper Jaffray Companies to $1,250.00. They now have an “overweight” rating on the stock.
  • 10/26/2018 – Alphabet had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $1,300.00 price target on the stock, down previously from $1,405.00.
  • 10/26/2018 – Alphabet had its price target lowered by analysts at Canaccord Genuity from $1,170.00 to $1,140.00. They now have a “hold” rating on the stock.
  • 10/26/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Macquarie.
  • 10/26/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Royal Bank of Canada.
  • 10/26/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Stifel Nicolaus.
  • 10/26/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Atlantic Securities.
  • 10/26/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Wells Fargo & Co.
  • 10/26/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG.
  • 10/26/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Barclays PLC.
  • 10/25/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Morningstar, Inc..
  • 10/23/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $1,375.00 price target on the stock, up previously from $1,350.00.
  • 10/23/2018 – Alphabet had its price target raised by analysts at $1 to $1,375.00. They now have a “buy” rating on the stock.
  • 10/22/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc.
  • 10/22/2018 – Alphabet had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co..
  • 10/18/2018 – Alphabet had its “buy” rating reaffirmed by analysts at DZ Bank AG.
  • 10/17/2018 – Alphabet is now covered by analysts at Wedbush. They set an “outperform” rating on the stock.
  • 10/11/2018 – Alphabet was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/2/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Morgan Stanley.
  • 9/28/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc.
  • 9/27/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Macquarie.
  • 9/26/2018 – Alphabet had its “neutral” rating reaffirmed by analysts at Morningstar, Inc..
  • 9/26/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Morgan Stanley.
  • 9/24/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc.
  • 9/14/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Barclays PLC.
  • 9/11/2018 – Alphabet was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/10/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Wells Fargo & Co.
  • 9/10/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Macquarie.
  • 9/5/2018 – Alphabet was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/3/2018 – Alphabet had its “buy” rating reaffirmed by analysts at Robert W. Baird.

Alphabet stock traded up $16.13 during midday trading on Tuesday, hitting $1,036.21. The company’s stock had a trading volume of 3,209,727 shares, compared to its average volume of 1,704,140. Alphabet Inc has a 1-year low of $980.64 and a 1-year high of $1,273.89. The company has a quick ratio of 4.10, a current ratio of 4.14 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $745.69 billion, a price-to-earnings ratio of 32.33 and a beta of 1.11.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, topping the consensus estimate of $10.41 by $2.65. Alphabet had a net margin of 14.45% and a return on equity of 19.40%. The business had revenue of $27.16 billion during the quarter.



In other Alphabet news, SVP David C. Drummond sold 5,690 shares of the firm’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $1,244.09, for a total value of $7,078,872.10. Following the transaction, the senior vice president now directly owns 41,234 shares of the company’s stock, valued at approximately $51,298,807.06. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 17th. The shares were sold at an average price of $1,113.91, for a total transaction of $11,139,100.00. Following the completion of the transaction, the chief executive officer now directly owns 532 shares in the company, valued at $592,600.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,646 shares of company stock worth $104,260,256. Insiders own 13.11% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in GOOG. IMS Capital Management grew its holdings in Alphabet by 2.9% during the 2nd quarter. IMS Capital Management now owns 1,465 shares of the information services provider’s stock worth $1,634,000 after acquiring an additional 41 shares during the last quarter. Trust Co. of Virginia VA grew its holdings in Alphabet by 7.2% during the 2nd quarter. Trust Co. of Virginia VA now owns 614 shares of the information services provider’s stock worth $685,000 after acquiring an additional 41 shares during the last quarter. Intl Fcstone Inc. grew its holdings in Alphabet by 13.8% during the 2nd quarter. Intl Fcstone Inc. now owns 347 shares of the information services provider’s stock worth $387,000 after acquiring an additional 42 shares during the last quarter. Security National Trust Co. grew its holdings in Alphabet by 1.9% during the 2nd quarter. Security National Trust Co. now owns 2,229 shares of the information services provider’s stock worth $2,487,000 after acquiring an additional 42 shares during the last quarter. Finally, Providence First Trust Co grew its holdings in Alphabet by 2.7% during the 2nd quarter. Providence First Trust Co now owns 1,581 shares of the information services provider’s stock worth $1,764,000 after acquiring an additional 42 shares during the last quarter. 34.16% of the stock is currently owned by hedge funds and other institutional investors.

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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