Alphabet’s (GOOG) “Outperform” Rating Reaffirmed at Robert W. Baird

Robert W. Baird restated their outperform rating on shares of Alphabet Inc. (NASDAQ:GOOG) in a research report released on Thursday. The brokerage currently has a $960.00 target price on the stock.

Several other analysts have also recently issued reports on the company. MKM Partners restated a buy rating and set a $1,000.00 price objective (up previously from $935.00) on shares of Alphabet in a research note on Thursday, February 2nd. Societe Generale reaffirmed a buy rating on shares of Alphabet in a report on Thursday, February 2nd. Aegis reaffirmed a buy rating and set a $1,011.00 target price on shares of Alphabet in a report on Tuesday, January 31st. Argus reaffirmed a buy rating and set a $950.00 target price on shares of Alphabet in a report on Tuesday, January 31st. Finally, Susquehanna Bancshares Inc reaffirmed a positive rating and set a $1,000.00 target price on shares of Alphabet in a report on Tuesday, January 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have given a buy rating to the company. Alphabet presently has an average rating of Buy and an average price target of $960.88.

Analyst Recommendations for Alphabet (NASDAQ:GOOG)

Alphabet (NASDAQ:GOOG) opened at 820.45 on Thursday. Alphabet has a one year low of $663.28 and a one year high of $841.95. The firm has a market cap of $567.28 billion, a price-to-earnings ratio of 29.43 and a beta of 0.94. The company’s 50-day moving average price is $804.84 and its 200-day moving average price is $783.98.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, January 26th. The company reported $9.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $9.67 by $0.31. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. The firm had revenue of $26.04 billion for the quarter, compared to analyst estimates of $25.18 billion. During the same quarter in the previous year, the company earned $8.67 EPS. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. On average, analysts anticipate that Alphabet will post $33.23 EPS for the current year.

This article was originally published by sleekmoney and is the sole property of of sleekmoney. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright legislation. The original version of this article can be viewed at http://sleekmoney.com/alphabets-goog-outperform-rating-reaffirmed-at-robert-w-baird/1661871.html.

In related news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, December 7th. The shares were sold at an average price of $762.78, for a total value of $3,051,120.00. Following the completion of the transaction, the chief executive officer now owns 2,938 shares of the company’s stock, valued at $2,241,047.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Lawrence Page sold 33,332 shares of the firm’s stock in a transaction on Friday, November 25th. The shares were sold at an average price of $771.38, for a total transaction of $25,711,638.16. Following the completion of the transaction, the chief executive officer now directly owns 30,666 shares of the company’s stock, valued at approximately $23,655,139.08. The disclosure for this sale can be found here. Insiders sold 810,924 shares of company stock worth $644,921,243 over the last 90 days. 13.92% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC bought a new stake in shares of Alphabet during the third quarter valued at approximately $102,000. Empirical Finance LLC bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $115,000. Quantbot Technologies LP increased its stake in shares of Alphabet by 64.2% in the third quarter. Quantbot Technologies LP now owns 156 shares of the company’s stock valued at $121,000 after buying an additional 61 shares during the last quarter. Trust Department MB Financial Bank N A increased its stake in shares of Alphabet by 3.0% in the third quarter. Trust Department MB Financial Bank N A now owns 170 shares of the company’s stock valued at $132,000 after buying an additional 5 shares during the last quarter. Finally, Klingman & Associates LLC increased its stake in shares of Alphabet by 28.7% in the third quarter. Klingman & Associates LLC now owns 184 shares of the company’s stock valued at $143,000 after buying an additional 41 shares during the last quarter. 34.74% of the stock is owned by institutional investors and hedge funds.

About Alphabet

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

5 Day Chart for NASDAQ:GOOG

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/alphabets-goog-outperform-rating-reaffirmed-at-robert-w-baird/1661871.html

Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *