Google Inc (NASDAQ:GOOG) Institutional Investor Sentiment

Shares of Alphabet Inc (NASDAQ GOOGL) opened at $1,110.14 on Thursday.

A number of equities research analysts recently weighed in on the company. Moffett Nathanson initiated it with "Buy" rating and $730 target in Tuesday, September 8 report. Zacks Investment Research lowered shares of Alphabet from a "buy" rating to a "hold" rating in a research note on Monday. Gardiner Nancy B grew its stake in shares of Alphabet by 5.4% in the third quarter. Alphabet accounts for about 1.3% of BKS Advisors LLC's portfolio, making the stock its 23rd largest position. Robert W. Baird restated a "buy" rating and set a $1,150.00 target price on shares of Alphabet in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have assigned a buy rating to the stock. The stock has a consensus rating of "Buy" and an average target price of $1,048.36. The firm has a market capitalization of $780,660.00, a price-to-earnings ratio of 36.83 and a beta of 0.94. 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 (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $8.31 by $1.26. The business had revenue of $22.27 billion for the quarter, compared to analysts' expectations of $21.94 billion. The company's revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm posted $9.06 earnings per share. sell-side analysts anticipate that Alphabet Inc will post 32.34 EPS for the current year. The company had a trading volume of 976,100 shares, compared to its average volume of 1,390,000. The shares were sold at an average price of $1,017.21, for a total value of $38,653.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction dated Wednesday, October 18th. The disclosure for this sale can be found here. Following the completion of the transaction, the director now directly owns 1,805 shares in the company, valued at approximately $1,836,064.05. Institutional investors and hedge funds own 33.55% of the company's stock.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GOOGL.

Grand Jean Capital Management Inc holds 5.54% of its portfolio in Alphabet Inc. for 16,101 shares. Odey Holdings AG now owns 130 shares of the information services provider's stock worth $121,000 after purchasing an additional 20 shares in the last quarter. BKS Advisors LLC's holdings in Alphabet were worth $2,728,000 as of its most recent filing with the SEC. Gardiner Nancy B now owns 1,450 shares of the information services provider's stock worth $1,412,000 after purchasing an additional 74 shares during the last quarter. FMR LLC increased its stake in shares of Alphabet by 2.1% during the second quarter. Assenagon Asset Management S.A. now owns 62,530 shares of the information services provider's stock valued at $59,973,000 after buying an additional 1,666 shares during the last quarter. Narwhal Capital Management raised its position in shares of Alphabet by 1.6% during the third quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider's stock valued at $124,000 after purchasing an additional 5 shares in the last quarter. The Oregon-based Mengis Capital Management Inc. has invested 2.47% in the stock. State Street Corp now owns 11,946,348 shares of the information services provider's stock valued at $10,128,119,000 after acquiring an additional 142,214 shares during the period.

COPYRIGHT VIOLATION NOTICE: This report was first reported by Registrar Journal and is the property of of Registrar Journal. If you are reading this news story on another site, it was stolen and reposted in violation of USA and global copyright and trademark laws. S&P Research maintained Alphabet Inc. 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.

Altre Notizie