GOOG Stock: Alphabet Earns “Buy” Rating from UBS

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Alphabet (NASDAQ:GOOG)‘s stock had its “buy” rating reiterated by equities researchers at UBS in a report released on Monday, November 27th, www.boersen-zeitung.de reports.

GOOG has been the topic of several other reports. BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Royal Bank Of Canada reissued a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Cantor Fitzgerald reissued a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Vetr lowered shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,031.46 target price on the stock. in a report on Tuesday, August 22nd. Finally, Robert W. Baird restated an “outperform” rating and issued a $1,100.00 price target on shares of Alphabet in a research report on Saturday, September 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-eight have issued a buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and an average target price of $1,047.45.

Shares of Alphabet (NASDAQ:GOOG) opened at $1,037.05 on Monday. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. Alphabet has a 12 month low of $770.41 and a 12 month high of $1,062.38. The firm has a market cap of $716,291.25, a PE ratio of 34.51 and a beta of 0.93.

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

In related news, Director Ann Mather sold 38 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $959.26, for a total value of $36,451.88. Following the sale, the director now directly owns 1,797 shares of the company’s stock, valued at $1,723,790.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $958.40, for a total transaction of $3,833,600.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,396 shares of company stock worth $38,242,981. Insiders own 13.92% of the company’s stock.

A number of hedge funds have recently made changes to their positions in GOOG. Burt Wealth Advisors lifted its position in Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after buying an additional 20 shares during the period. Signature Estate & Investment Advisors LLC raised its position in shares of Alphabet by 3.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after purchasing an additional 5 shares during the last quarter. Farmers National Bank raised its position in shares of Alphabet by 15.0% in the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock worth $134,000 after purchasing an additional 21 shares during the last quarter. Archford Capital Strategies LLC raised its position in shares of Alphabet by 400.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after purchasing an additional 832 shares during the last quarter. Finally, Almanack Investment Partners LLC. raised its position in shares of Alphabet by 4.5% in the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after purchasing an additional 7 shares during the last quarter. 34.74% of the stock is owned by institutional investors.

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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