News stories about Alphabet (NASDAQ:GOOG) have trended somewhat negative recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alphabet earned a news impact score of -0.05 on Accern’s scale. Accern also assigned media stories about the information services provider an impact score of 45.3264700066123 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Why Alphabet Inc. Stock Jumped 12% Last Month (fool.com)
- Google to buy Chelsea Market building for over $2 billion -report (finance.yahoo.com)
- Former Uber CEO set to testify in high-tech heist case (finance.yahoo.com)
- Waymo calls ex-Uber CEO Kalanick to testify in U.S. car secrets trial (finance.yahoo.com)
- Waymo may try to push Uber ex-CEO’s buttons in car secrets trial (feeds.reuters.com)
Shares of Alphabet (NASDAQ GOOG) opened at $1,048.58 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.11 and a current ratio of 5.14. Alphabet has a 12 month low of $803.19 and a 12 month high of $1,186.89. The firm has a market cap of $729,840.00, a P/E ratio of 58.38 and a beta of 1.01.
Alphabet announced that its board has authorized a stock buyback plan on Thursday, February 1st that authorizes the company to buyback $8.59 billion in shares. This buyback authorization authorizes the information services provider to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
A number of brokerages have recently weighed in on GOOG. BidaskClub upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. TheStreet lowered Alphabet from an “a” rating to a “c+” rating in a research report on Thursday, February 1st. JMP Securities restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Cantor Fitzgerald restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Vetr lowered Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price target for the company. in a research report on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirty-five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $1,061.56.
In other news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,020.69, for a total transaction of $4,082,760.00. Following the completion of the sale, the chief executive officer now owns 949 shares of the company’s stock, valued at $968,634.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mather sold 38 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $1,015.80, for a total transaction of $38,600.40. Following the completion of the transaction, the director now directly owns 1,813 shares of the company’s stock, valued at approximately $1,841,645.40. The disclosure for this sale can be found here. Insiders have sold 33,981 shares of company stock valued at $35,552,537 in the last ninety days. Insiders own 13.92% of the company’s stock.
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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.
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