Alphabet (GOOG) is set to report earnings on Tuesday
Alphabet (NASDAQ:GOOG – Get Rating) will release its quarterly earnings data after market close on Tuesday, October 25. Analysts expect the company to report earnings of $1.25 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Alphabet Inc (NASDAQ:GOOG – Get Rating) last released quarterly earnings data on Tuesday, July 26. The information services provider reported earnings per share (EPS) of $1.21 for the quarter, missing the consensus estimate of $1.27 per ($0.06). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. The company posted revenue of $57.47 billion for the quarter, versus $57.55 billion expected by analysts. In the same quarter of the previous year, the company had earned earnings per share of $27.26. On average, analysts expect Alphabet to post EPS of $5 for the current fiscal year and EPS of $6 for the next fiscal year.
Alphabet Price Performance
NASDAQ GOOG shares opened at $100.78 on Tuesday. Alphabet has a 12-month low of $95.27 and a 12-month high of $152.10. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt ratio of 0.06. The company has a market capitalization of $1.31 trillion, a price-to-earnings ratio of 18.75, a growth price-to-earnings ratio of 1.65 and a beta of 1.10. The company has a 50-day simple moving average of $107.63 and a 200-day simple moving average of $114.23.
Analysts set new price targets
GOOG has been the subject of a number of recent research reports. Susquehanna Bancshares lowered its price target on Alphabet from $187.00 to $150.00 in a Wednesday July 27 research note. Cowen reduced his price target on Alphabet from $300.00 to $150.00 in a Monday, July 25 research report. Evercore ISI reduced its price target on Alphabet from $165.00 to $155.50 and set an “outperform” rating for the company in a Thursday, July 7 research report. Barclays set a price target of $150.00 on Alphabet in a research report on Thursday, September 8. Finally, Itau BBA Securities began covering Alphabet in a research report on Tuesday, July 26. They set a “market performance” rating for the company. One equity research analyst gave the stock a hold rating and eighteen gave the company a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.14.
Insider activity at Alphabet
Separately, SVP Philipp Schindler sold 76,678 shares of the company in a trade on Wednesday, October 5. The stock was sold at an average price of $100.80, for a total transaction of $7,729,142.40. As a result of the transaction, the senior vice president now directly owns 226,365 shares of the company, valued at $22,817,592. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. In other Alphabet news, SVP Philipp Schindler sold 76,678 shares of the company in a trade dated Wednesday, October 5. The stock was sold at an average price of $100.80, for a total value of $7,729,142.40. As a result of the transaction, the senior vice president now directly owns 226,365 shares of the company, valued at approximately $22,817,592. The sale was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Additionally, CAO Amie Thuener O’toole sold 847 shares of the company in a trade dated Tuesday, August 2. The stock was sold at an average price of $114.33, for a total value of $96,837.51. Following the completion of the transaction, the chief accounting officer now directly owns 24,052 shares of the company, valued at $2,749,865.16. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 174,306 shares of the company valued at $18,149,359. Insiders of the company own 12.99% of the shares of the company.
Institutional entries and exits
Several hedge funds have recently bought and sold shares of GOOG. Tradewinds LLC. purchased a new stake in Alphabet stock during Q2 worth approximately $3,566,000. Taikang Asset Management Hong Kong Co Ltd increased its stake in Alphabet shares by 32.1% during Q2. Taikang Asset Management Hong Kong Co Ltd now owns 5,586 shares of the information services provider worth $95,883,000 after acquiring 1,358 additional shares last quarter. Wealthfront Advisers LLC increased its stake in Alphabet shares by 11.4% in Q1. Wealthfront Advisers LLC now owns 20,766 shares of the information services provider worth $57,999,000 after acquiring 2,118 additional shares in the last quarter. Weiss Multi Strategy Advisers LLC purchased a new stake in Alphabet stock during Q1 for approximately $11,071,000. Finally, Continuum Advisory LLC increased its stake in Alphabet shares by 37.6% during the 1st quarter. Continuum Advisory LLC now owns 2,219 shares of the information services provider worth $2,344,000 after acquiring 606 additional shares in the last quarter. 1.49% of the shares are held by institutional investors and hedge funds.
Alphabet Company Profile
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Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, Asia-Pacific, Canada and Latin America. It operates through Google Services, Google Cloud and Other Bets segments. The Google Services segment offers products and services, including Ads, Android, Chrome, Hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search and YouTube.
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