Alphabet (NASDAQ:GOOG) Given Buy Rating at Goldman Sachs Group

Goldman Sachs Group reissued their buy rating on shares of Alphabet (NASDAQ:GOOG) in a research report sent to investors on Friday, Borsen Zeitung reports.

Other equities analysts have also issued reports about the company. Cowen reaffirmed an outperform rating and issued a $1,420.00 target price (up from $1,390.00) on shares of Alphabet in a report on Thursday, April 11th. Oppenheimer initiated coverage on Identiv in a report on Tuesday, April 30th. They issued an outperform rating and a $7.00 target price for the company. JPMorgan Chase & Co. upped their target price on Weight Watchers International from $12.00 to $14.00 and gave the company an underweight rating in a report on Tuesday, April 30th. BidaskClub lowered Zogenix from a hold rating to a sell rating in a report on Tuesday, April 16th. Finally, Barclays reaffirmed a buy rating on shares of Alphabet in a report on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-six have given a buy rating to the company. Alphabet has a consensus rating of Buy and an average target price of $1,361.50.

GOOG stock opened at $1,150.34 on Friday. The company has a market capitalization of $798.62 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 1.35 and a beta of 0.95. The company has a current ratio of 3.96, a quick ratio of 3.93 and a debt-to-equity ratio of 0.02. The firm has a 50 day simple moving average of $1,101.81. Alphabet has a 12-month low of $970.11 and a 12-month high of $1,289.27.



Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, April 29th. The information services provider reported $11.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.51 by $1.39. The company had revenue of $36.34 billion during the quarter, compared to analyst estimates of $37.36 billion. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. Alphabet’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the company posted $9.93 earnings per share. On average, equities research analysts anticipate that Alphabet will post 48.44 earnings per share for the current year.

In related news, VP Amie Thuener O’toole sold 73 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $1,167.74, for a total value of $85,245.02. Following the transaction, the vice president now owns 388 shares in the company, valued at $453,083.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Capitalg Lp bought 140,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were bought at an average price of $34.00 per share, for a total transaction of $4,760,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders sold 403 shares of company stock worth $461,293. 12.99% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of GOOG. Ayalon Holdings Ltd. purchased a new position in Alphabet during the fourth quarter worth about $32,000. 1 North Wealth Services LLC acquired a new stake in shares of Alphabet during the fourth quarter valued at about $34,000. TD Capital Management LLC increased its position in shares of Alphabet by 38.5% during the fourth quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 10 shares during the last quarter. Truehand Inc acquired a new stake in shares of Alphabet during the fourth quarter valued at about $38,000. Finally, HMS Capital Management LLC acquired a new stake in shares of Alphabet during the second quarter valued at about $38,000. Hedge funds and other institutional investors own 33.97% of the company’s stock.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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