Is It Time To Buy Stock? Alphabet Inc. (GOOGL)

Doris Richards
April 25, 2018

The same analysts see shares reaching $1278.21 within the next year on a consensus basis. Insiders sold a total of 54,410 shares of company stock worth $58,408,136 over the last quarter.

While looking at the Stock's Performance, Lowe's Companies, Inc. now shows a Weekly Performance of -3.77%, where Monthly Performance is -1.03%, Quarterly performance is -22.59%, 6 Months performance is 3.59% and yearly performance percentage is -1.5%. The firm has "Buy" rating by UBS given on Friday, October 27. (NASDAQ:GOOGL) earned "Hold" rating by Stifel Nicolaus on Friday, February 2. On Tuesday, April 24 the stock rating was maintained by Mizuho with "Buy". (NASDAQ:GOOGL)'s Buy count is 4 and Strong Buy is 22 while the number of analysts recommending Sell and Strong Sell are 0 and 4, respectively. Barclays and their recent target price per share indicates a potential upside of 21.98 % from the company's previous stock close. Monness Crespi & Hardt reaffirmed a "buy" rating and set a $1,306.00 price objective (up previously from $1,280.00) on shares of Alphabet in a research note on Tuesday. Alphabet Inc. has a 12-month low of $862.81 and a 12-month high of $1,186.89.

Alphabet Inc. has a Return on Assets of N/A. (NASDAQ:GOOG) now has a PEG ratio of 2.31 where as its P/E ratio is 56.68. Its quick ratio for most recent quarter is N/A along with current ratio for most recent quarter of N/A.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Monday, April 23rd. The information services provider reported $9.93 EPS for the quarter, beating the consensus estimate of $9.21 by $0.72. Alphabet had a net margin of 14.19% and a return on equity of 15.79%. The business had revenue of $24.86 billion during the quarter, compared to analyst estimates of $24.20 billion. The firm's quarterly revenue was up 25.8% compared to the same quarter past year. The stock has a market capitalization of $745,474.38, a price-to-earnings ratio of 31.82 and a beta of 1.08. This buyback authorization permits the information services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.


In related news, Director Ann Mather sold 38 shares of the stock in a transaction that occurred on Thursday, February 1st. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The shares were sold at an average price of $1,079.99, for a total transaction of $12,500,884.25. Corporate insiders own 13.92% of the company's stock. J.P. Morgan maintained Alphabet Inc. Certified Advisory Corp bought a new position in Alphabet during the fourth quarter valued at approximately $401,000. Pictet & Cie Europe SA now owns 20,004 shares of the information services provider's stock valued at $18,178,000 after purchasing an additional 1,155 shares in the last quarter. Alphabet Inc.'s EPS for the trailing 12 months is 32.10. WealthTrust Arizona LLC grew its holdings in Alphabet by 134.9% during the fourth quarter. Finally, Almanack Investment Partners LLC. lifted its stake in shares of Alphabet by 4.5% in the second quarter. WealthTrust Arizona LLC now owns 148 shares of the information services provider's stock worth $155,000 after acquiring an additional 85 shares during the period. A fast growing company on the other hand is able to command a higher price to earnings multiple for its stock.

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Alphabet had its "overweight" rating reaffirmed by analysts at JPMorgan Chase. It operates through Google and Other Bets segments.

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