Alphabet (GOOG) Stock Rating Reaffirmed by Morningstar

Alphabet (NASDAQ:GOOG)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Morningstar in a report issued on Friday.

A number of other research analysts have also weighed in on GOOG. UBS Group reissued a “buy” rating on shares of Alphabet in a report on Thursday, January 11th. BidaskClub raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. Vetr lowered shares of Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 target price for the company. in a report on Wednesday, January 10th. Bank of America reissued a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a report on Tuesday, September 26th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $1,052.31.

Alphabet (NASDAQ:GOOG) traded up $7.72 during mid-day trading on Friday, hitting $1,137.51. 1,390,118 shares of the company were exchanged, compared to its average volume of 1,300,000. Alphabet has a 1 year low of $790.52 and a 1 year high of $1,139.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The stock has a market capitalization of $792,490.00, a price-to-earnings ratio of 37.89 and a beta of 0.94.

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

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $1,002.86, for a total value of $4,011,440.00. Following the completion of the transaction, the chief executive officer now directly owns 1,178 shares in the company, valued at $1,181,369.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James Grier Campbell sold 183 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $1,048.34, for a total transaction of $191,846.22. The disclosure for this sale can be found here. Insiders sold 36,900 shares of company stock valued at $38,411,507 over the last quarter. 13.92% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in GOOG. Janus Henderson Group PLC grew its stake in shares of Alphabet by 759.0% during the second quarter. Janus Henderson Group PLC now owns 3,204,087 shares of the information services provider’s stock worth $2,911,734,000 after acquiring an additional 2,831,099 shares during the last quarter. Harbour Capital Advisors LLC grew its stake in shares of Alphabet by 87,001.5% during the second quarter. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider’s stock worth $2,194,000 after acquiring an additional 1,991,465 shares during the last quarter. Koch Industries Inc. grew its stake in shares of Alphabet by 214,636.6% during the second quarter. Koch Industries Inc. now owns 1,161,725 shares of the information services provider’s stock worth $1,160,000 after acquiring an additional 1,161,184 shares during the last quarter. BlackRock Inc. grew its stake in shares of Alphabet by 4.8% during the second quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock worth $16,409,850,000 after acquiring an additional 826,480 shares during the last quarter. Finally, Capital World Investors grew its stake in shares of Alphabet by 13.9% during the second quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock worth $5,789,842,000 after acquiring an additional 776,853 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

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Alphabet Company Profile

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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