Alphabet Inc (GOOG) Receives Average Recommendation of “Buy” from Brokerages

Shares of Alphabet Inc (NASDAQ:GOOG) have been assigned an average recommendation of “Buy” from the thirty-four research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-nine have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $1,288.84.

Several equities research analysts have issued reports on the stock. JMP Securities reiterated a “neutral” rating on shares of Alphabet in a research note on Friday, November 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet in a research note on Monday, November 19th. Nomura reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday. Macquarie restated a “buy” rating on shares of Alphabet in a research note on Wednesday, August 15th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Alphabet in a research note on Friday, October 26th.

In other news, VP Amie Thuener O’toole sold 80 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $1,103.12, for a total transaction of $88,249.60. Following the completion of the sale, the vice president now owns 388 shares of the company’s stock, valued at approximately $428,010.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director L John Doerr sold 11,908 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $1,049.76, for a total transaction of $12,500,542.08. Following the sale, the director now directly owns 3,485 shares of the company’s stock, valued at approximately $3,658,413.60. The disclosure for this sale can be found here. Insiders sold a total of 79,437 shares of company stock valued at $87,985,547 in the last three months. Insiders own 13.11% of the company’s stock.

Several institutional investors have recently modified their holdings of GOOG. IMS Capital Management increased its position 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 purchasing an additional 41 shares in the last quarter. Trust Co. of Virginia VA increased its position in Alphabet by 7.2% in the 2nd quarter. Trust Co. of Virginia VA now owns 614 shares of the information services provider’s stock valued at $685,000 after acquiring an additional 41 shares during the period. Intl Fcstone Inc. increased its position in Alphabet by 13.8% in the 2nd quarter. Intl Fcstone Inc. now owns 347 shares of the information services provider’s stock valued at $387,000 after acquiring an additional 42 shares during the period. Security National Trust Co. increased its position in Alphabet by 1.9% in the 2nd quarter. Security National Trust Co. now owns 2,229 shares of the information services provider’s stock valued at $2,487,000 after acquiring an additional 42 shares during the period. Finally, Providence First Trust Co increased its position in Alphabet by 2.7% in the 2nd quarter. Providence First Trust Co now owns 1,581 shares of the information services provider’s stock valued at $1,764,000 after acquiring an additional 42 shares during the period. 40.44% of the stock is owned by institutional investors.

GOOG stock traded up $7.74 during midday trading on Thursday, hitting $1,058.56. The company’s stock had a trading volume of 120,414 shares, compared to its average volume of 1,703,780. The company has a current ratio of 4.14, a quick ratio of 4.10 and a debt-to-equity ratio of 0.02. Alphabet has a twelve month low of $980.64 and a twelve month high of $1,273.89. The firm has a market capitalization of $731.24 billion, a P/E ratio of 23.65 and a beta of 1.15.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $27.16 billion for the quarter.

Alphabet Company Profile

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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Analyst Recommendations for Alphabet (NASDAQ:GOOG)

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