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Alphabet Inc. (GOOGL) has an Analysts' Mean Recommendation of 1.8. Morningstar reiterated a "neutral" rating on shares of Alphabet in a research note on Friday, January 19th. Mizuho reaffirmed a "buy" rating on shares of Alphabet in a report on Tuesday, October 17th.
Alphabet Inc. insiders have sold a net of -163,301 shares during the past three months, which implies that the company's top executives have been feeling bearish about the stock's outlook. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirty-six have given a buy rating to the company's stock. Alphabet now has a consensus rating of "Buy" and an average price target of $1,157.02.
Alphabet Inc (NASDAQ:GOOG) opened at $1,069.70 on Thursday. Stock's distance from 52 week High is -11.97% and the distance from 52 week Low is 27.93%. The company trades on average around 177000 shares per market session. Zooming in closer, company stock has been 0.96% for the quarter, -6.77% over the past month, and -2.79% over the past week.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, February 1st. Company fiscal year is ending in December and analysts' consensus recommendation is Outperform for GOOGL and estimated EPS for next quarter is 9.33. The company had revenue of $20.92 billion during the quarter, compared to analysts' expectations of $20.83 billion. Stock value has moved between $12.72 - 24.71 in last one year. During the same quarter past year, the firm posted $9.36 EPS.
Alphabet announced that its Board of Directors has approved a share buyback plan on Thursday, February 1st that permits the company to buyback $8.59 billion in outstanding shares. This buyback authorization permits the information services provider to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued. A favorite tool among technical stock analysts is the moving average. Following the transaction, the director now directly owns 1,813 shares of the company's stock, valued at $1,841,645.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
In related news, SVP David C. Drummond sold 5,690 shares of the business's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $1,052.50, for a total value of $5,988,725.00. The disclosure for this sale can be found here. The current trading volume of 2.8 sits 58.19% higher than the past 3 month's readings, indicating near-term traders have been more active toward GOOGL than usual of late. Insiders own 13.92% of the company's stock.
A number of other institutional investors have also recently modified their holdings of the stock. River Wealth Advisors LLC now owns 1,580 shares of the information services provider's stock valued at $1,436,000 after purchasing an additional 49 shares during the last quarter. Opera Trading Capital's holdings in Alphabet were worth $4,187,000 as of its most recent filing with the SEC. The institutional investor owned 242,541 shares of the information services provider's stock after buying an additional 8,048 shares during the quarter.
Alphabet Inc. (NASDAQ:GOOGL) operates in the Internet Information Providers segment of the Technology sector. Koch Industries Inc. now owns 1,161,725 shares of the information services provider's stock worth $1,160,000 after buying an additional 1,161,184 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Alphabet by 4.4% in the second quarter. Baystate Wealth Management LLC grew its position in shares of Alphabet by 0.7% in the 2nd quarter.