News stories about Alphabet (NASDAQ:GOOG) have trended somewhat positive recently, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than 6,000 news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Alphabet earned a media sentiment score of 1.10 on their scale. InfoTrie also assigned press coverage about the information services provider an news buzz score of 1 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have impacted Alphabet’s score:
- Google CEO to address anti-conservative bias allegations on Capitol Hill (finance.yahoo.com)
- Top U.S. general urges Google to work with military (feeds.reuters.com)
- Alphabet Inc (GOOG) CEO Sells $10,417,500.00 in Stock (americanbankingnews.com)
- NOTICE: Pawar Law Group Reminds of Important Deadline in Securities Class Action Lawsuit Against Alphabet Inc. – GOOG, GOOGL (finance.yahoo.com)
- Alphabet Inc (GOOG) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
Several brokerages have recently weighed in on GOOG. Nomura reiterated a “buy” rating on shares of Alphabet in a report on Tuesday. JMP Securities reiterated a “buy” rating on shares of Alphabet in a report on Monday, November 19th. Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet in a report on Monday, November 19th. BidaskClub lowered shares of Alphabet from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 6th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a report on Monday, October 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $1,301.81.
NASDAQ GOOG opened at $1,036.58 on Friday. Alphabet has a one year low of $980.64 and a one year high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. The company has a market capitalization of $743.70 billion, a P/E ratio of 24.05 and a beta of 1.15.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $27.16 billion for the quarter.
In other news, Director L John Doerr sold 11,908 shares of Alphabet stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $1,049.76, for a total transaction of $12,500,542.08. Following the sale, the director now owns 3,485 shares in the company, valued at $3,658,413.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 10,000 shares of Alphabet stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $1,041.75, for a total transaction of $10,417,500.00. Following the sale, the chief executive officer now owns 830 shares in the company, valued at approximately $864,652.50. The disclosure for this sale can be found here. Insiders sold 89,437 shares of company stock worth $98,403,047 in the last 90 days. 13.11% of the stock is currently owned by insiders.
COPYRIGHT VIOLATION NOTICE: “Alphabet (GOOG) Getting Somewhat Favorable News Coverage, InfoTrie Reports” was first published by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2018/12/08/alphabet-goog-getting-somewhat-favorable-news-coverage-infotrie-reports.html.
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.
Featured Story: What are the Benefits of Index Funds?
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.