Analysts from Zacks Investment Research downgraded the rating of Alphabet (NASDAQ GOOG) to “hold” from “buy” on Tuesday, 29th June. The current, quick, and debt/equity ratios were 3.10, 3.09, and 0.06 respectively in their last report.
Commentary On GOOG Stock
Several research analysts have issued their reports on GOOG stocks. Oppenheimer increased their objective price to $2510 from $2350 while issuing a rating of “outperform” on 26th April, Monday. Raymond James increased their objective price to $2750 from $2440 while issuing a rating of “outperform” on 28th April, Wednesday. Credit Suisse Group reissued a rating of “buy” on 20th May, Thursday. Canaccord Genuity increased their objective price to $2600 from $2400 while issuing a rating of “buy” on 26th April, Monday. Deutsche Bank Aktiengesellschaft increased their price target to $3050 from $2600 while issuing a rating of “buy” on 28th April, Wednesday.
The stocks of GOOG traded downwards on Tuesday by $16.02 reaching $2520.37. The highest and lowest value of the stock over a period of 52 weeks currently stands at $2555.92 and $1383.96 respectively. The market capitalization value stands at $1.69Tn with a 1.01 beta. The moving average over a period of 50 days currently stands at $2414.36.
The latest quarterly earnings of GOOG was announced on 26th April, Monday. An EPS of $26.29 was reported, beating the consensus $15.74 estimate by Zacks. A 23.54% equity return and a 26.11% net margin were also reported. The revenue was reported to be $55.30Bn. In the same period last year, the EPS reported was $9.87.
Sergey Brin, a Director, sold off 13,889 shares on 10th May, Monday at a $2301.36 average price per share. Prabhakar Raghavan, an SVP, sold off 2,254 GOOG shares on 5th April, Monday at a $2152.94 average price per share. Total Clarity Wealth Management, Brand Asset Management Group Inc., Better Money Decisions LLC, Macosma Wealth Management LLC, and Resolute Partners Group all boosted their holdings of the share.