A number of other institutional investors have also bought and sold shares of GOOG. JMP Securities reissued a "buy" rating on shares of Alphabet in a research report on Friday, October 27th. Barclays restated a "buy" rating on shares of Alphabet in a report on Friday, October 27th. Societe Generale reiterated a "buy" rating on shares of Alphabet in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty-six have issued a buy rating to the company. Their average price target spell out an upbeat performance - a 21% and would give GOOGL a market capitalization of almost $852.45B.
Microsoft Corporation (MSFT) shares Jumped 1.08% and ended the day at $89.13. The company trades on average around 177000 shares per market session. The stock is now showing downward return of -0.74% throughout last week and witnessed decreasing return of -5.17% in one month period. The current share price indicates that stock is -11.97% away from its one year high and is moving 27.93% ahead of its 52-week low.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, July 24th. The information services provider reported $9.70 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $10.12 by ($0.42). The Return on Investment and Return on Equity (ROE) values are 11.7 percent and 14.2 percent, respectively. The company had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. The firm had revenue of $25.87 billion during the quarter, compared to analysts' expectations of $25.65 billion. sell-side analysts predict that Alphabet Inc will post 42.51 earnings per share for the current fiscal year. Stock value has moved between $12.72 - 24.71 in last one year. S&CO Inc. now owns 7,366 shares of the information services provider's stock valued at $6,694,000 after purchasing an additional 104 shares during the last quarter. This buyback authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. The Stock shows P/E value of 59.82 and Forward P/E of 22.4.
In other Alphabet news, Director Ann Mather sold 38 shares of the business's stock in a transaction that occurred on Friday, December 1st. Following the completion of the transaction, the chief executive officer now owns 1,178 shares in the company, valued at approximately $1,181,369.08.
Alphabet Inc. (NASDAQ:GOOGL) operates in the Internet Information Providers segment of the Technology sector. The shares were sold at an average price of $1,002.86, for a total value of $4,011,440.00. The disclosure for this sale can be found here. Over the trailing year, the stock is underperforming the S&P 500 by 13.62, and it's gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. Harbour Capital Advisors LLC increased its stake in shares of Alphabet by 87,001.5% in the second quarter. Opera Trading Capital's holdings in Alphabet were worth $4,187,000 as of its most recent filing with the SEC. Finally, Bank of Stockton boosted its stake in Alphabet by 1.1% during the 2nd quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider's stock valued at $16,409,850,000 after purchasing an additional 826,480 shares during the period. Finally, Edge Wealth Management LLC increased its holdings in shares of Alphabet by 0.9% in the second quarter. The institutional investor owned 242,541 shares of the information services provider's stock after buying an additional 8,048 shares during the quarter. BidaskClub upgraded Alphabet from a "buy" rating to a "strong-buy" rating in a report on Wednesday, January 10th. If you are viewing this piece on another publication, it was illegally copied and republished in violation of USA and global copyright laws.
With that said, researchers took a deep dive into the hotly debated question: is it too late to buy Alphabet Inc.
Over the previous year, Alphabet Inc. 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.