Alphabet Inc. (GOOG) Sees New 52-Week High

Lloyd Doyle
October 13, 2017

Baystate Wealth Management LLC now owns 295 shares of the information services provider's stock valued at $288,000 after buying an additional 2 shares in the last quarter.

Eastern Bank decreased its stake in Alphabet Inc. The institutional investor owned 20,965 shares of the information services provider's stock after selling 135 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Alphabet by 39.6% during the second quarter. Curbstone Financial Management Corp now owns 790 shares of the information services provider's stock valued at $769,000 after acquiring an additional 395 shares in the last quarter. Delta Asset Management LLC TN boosted its holdings in shares of Alphabet by 1.5% in the 1st quarter. More interesting news about Alphabet Inc (NASDAQ:GOOGL) were released by: Investorplace.com and their article: "Alphabet Inc (GOOGL) and the Ever-Growing Headaches" published on September 27, 2017 as well as Bloomberg.com's news article titled: "Alphabet Considers Lyft Investment of About $1 Billion" with publication date: September 14, 2017. RB Capital Management LLC boosted its holdings in shares of Alphabet by 0.4% in the 2nd quarter. Lourd Capital, LLC claims 1,194 shares worth $1,145,000. Baird reaffirmed an outperform rating and set a $960.00 price objective on shares of Alphabet in a report on Sunday, March 5th. "(GOOG) Acquired by Deroy & Devereaux Private Investment Counsel Inc." was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this news story on another website, it was illegally copied and republished in violation of USA & worldwide copyright & trademark law. Alphabet also saw unusually large options trading activity on Friday. Google has $1250.0 highest and $670 lowest target. (GOOGL) opened at 1005.65 on Thursday. Shares of the company are trading at $989.25 which is marginally higher than $938.42, the stock's 50 day moving average and which is marginally over the 200 day moving average of $922.72. The Company's businesses include Google Inc. and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The company has market cap of $691.11 billion.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, April 27th. 149,437 shares or 1.34% more from 147,465 shares in 2017Q1 were reported.


Currently, the 14-day ADX for Alphabet Class A (GOOGL) is sitting at 19.80. The business had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. The information services provider reported $7.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.24 by $0.49. The business's revenue was up 21.0% on a year-over-year basis. In the latest earnings report the EPS was $27.59 and is expected to be $30.58 for the current year with 692,879,000 shares presently outstanding. Sundar Pichai, CEO let go of $3,748,040 worth of shares at an average price of $937.01 on Wednesday the 6th. The value of the position overall is down by 32.9%.

The company is now up by 1.71% percent from yesterday's close. The sale was disclosed in a filing with the SEC, which is accessible through this link. The total value of its holdings decreased 5.1%. In the last three months, insiders sold 40,694 shares of company stock worth $38,042,264.

Several other research analysts also recently commented on the company. Societe Generale set a $1,210.00 target price on Alphabet and gave the company a "buy" rating in a research report on Friday, July 7th. SunTrust Banks, Inc. assumed coverage on shares of Alphabet in a research note on Wednesday, August 16th. The company now has a consensus rating of Buy and an average target price of $1,002.75. The stock has a consensus rating of Buy and a consensus target price of $1,058.31. It fall, as 1 investors sold Alphabet Inc shares while 11 reduced holdings. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock now has an average rating of "Buy" and a consensus price target of $1,058.31.

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