Alphabet (NASDAQ:GOOG) Earns News Impact Rating of -1.17

Media headlines about Alphabet (NASDAQ:GOOG) have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Alphabet earned a daily sentiment score of -1.17 on their scale. InfoTrie also assigned media headlines about the information services provider an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the immediate future.

These are some of the media stories that may have effected Alphabet’s ranking:

Shares of Alphabet stock traded up $4.90 during trading on Friday, hitting $1,080.91. 1,692,790 shares of the stock were exchanged, compared to its average volume of 1,695,675. The firm has a market cap of $747.01 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 1.27 and a beta of 1.03. The stock has a fifty day moving average of $1,111.38. Alphabet has a 1-year low of $970.11 and a 1-year high of $1,289.27. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.96 and a quick ratio of 3.93.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, April 29th. The information services provider reported $11.90 earnings per share for the quarter, topping the consensus estimate of $10.51 by $1.39. The company had revenue of $36.34 billion for the quarter, compared to analyst estimates of $37.36 billion. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. Alphabet’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business earned $9.93 EPS. Equities research analysts expect that Alphabet will post 48.44 earnings per share for the current fiscal year.

GOOG has been the topic of several recent research reports. Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research note on Monday, April 29th. BidaskClub upgraded shares of Alphabet from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Wedbush reiterated an “outperform” rating on shares of Alphabet in a research note on Thursday, April 25th. Oppenheimer lowered their price target on shares of Alphabet from $1,342.00 to $1,435.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 30th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-six have given a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and a consensus target price of $1,361.50.

In related news, Director Ann Mather sold 39 shares of Alphabet stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $1,182.00, for a total transaction of $46,098.00. Following the completion of the sale, the director now owns 1,797 shares of the company’s stock, valued at approximately $2,124,054. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Amie Thuener O’toole sold 89 shares of Alphabet stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $1,195.32, for a total transaction of $106,383.48. Following the sale, the vice president now directly owns 388 shares of the company’s stock, valued at approximately $463,784.16. The disclosure for this sale can be found here. Insiders have sold a total of 423 shares of company stock valued at $494,939 in the last ninety days. 12.99% of the stock is currently owned by insiders.

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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