Somewhat Positive Press Coverage Likely to Impact Alphabet (GOOG) Stock Price

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Press coverage about Alphabet (NASDAQ:GOOG) has trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Alphabet earned a coverage optimism score of 1.50 on their scale. InfoTrie also assigned press coverage about the information services provider an news buzz score of 7 out of 10, meaning that recent press coverage is likely to have an effect on the stock’s share price in the next few days.

These are some of the news stories that may have impacted Alphabet’s ranking:

NASDAQ:GOOG opened at $1,221.10 on Tuesday. Alphabet has a one year low of $970.11 and a one year high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.89 and a current ratio of 3.92. The firm has a market capitalization of $846.65 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, beating the consensus estimate of $10.86 by $1.91. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The company had revenue of $39.28 billion for the quarter, compared to analyst estimates of $38.91 billion. During the same period in the prior year, the company earned $9.70 earnings per share. The firm’s revenue was up 21.5% on a year-over-year basis. Sell-side analysts anticipate that Alphabet will post 47.34 earnings per share for the current year.

A number of brokerages have recently weighed in on GOOG. BidaskClub lowered shares of Alphabet from a “hold” rating to a “sell” rating in a report on Saturday, March 30th. Deutsche Bank reissued a “buy” rating and set a $1,380.00 price objective (up from $1,300.00) on shares of Alphabet in a report on Tuesday, February 5th. Piper Jaffray Companies boosted their price objective on shares of Alphabet from $1,250.00 to $1,355.00 and gave the company an “overweight” rating in a report on Tuesday, February 5th. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Wednesday, February 6th. Finally, Cowen reissued an “outperform” rating and set a $1,420.00 price objective (up from $1,390.00) on shares of Alphabet in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $1,349.78.

In other Alphabet news, CEO Sundar Pichai sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 16th. The shares were sold at an average price of $1,086.33, for a total value of $10,863,300.00. Following the completion of the transaction, the chief executive officer now owns 491 shares in the company, valued at $533,388.03. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ann Mather sold 38 shares of the company’s stock in a transaction dated Friday, January 18th. The stock was sold at an average price of $1,100.00, for a total transaction of $41,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,797 shares of company stock worth $11,795,783. 13.11% of the stock is owned by corporate insiders.

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About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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