The stock of Alphabet Inc (NASDAQ:GOOG) is a huge mover today! About 593,557 shares traded hands. Alphabet Inc (NASDAQ:GOOG) has risen 5.33% since April 25, 2016 and is uptrending. It has underperformed by 0.69% the S&P500.
The move comes after 7 months positive chart setup for the $541.70B company. It was reported on Nov, 28 by Barchart.com. We have $806.83 PT which if reached, will make NASDAQ:GOOG worth $21.67B more.
Analysts await Alphabet Inc (NASDAQ:GOOG) to report earnings on February, 6.
Alphabet Inc (NASDAQ:GOOG) Ratings Coverage
Out of 28 analysts covering Google Inc. (NASDAQ:GOOG), 24 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 86% are positive. Google Inc. has been the topic of 42 analyst reports since July 21, 2015 according to StockzIntelligence Inc. UBS maintained the shares of GOOG in a report on Friday, October 23 with “Buy” rating. The stock has “Buy” rating given by Nomura on Friday, October 23. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, August 12. On Tuesday, February 2 the stock rating was maintained by Needham with “Buy”. On Friday, July 29 the stock rating was maintained by Needham with “Buy”. Credit Suisse maintained the shares of GOOG in a report on Friday, October 23 with “Outperform” rating. Atlantic Securities upgraded Alphabet Inc (NASDAQ:GOOG) on Wednesday, August 19 to “Overweight” rating. The firm has “Buy” rating given on Tuesday, August 11 by Deutsche Bank. The stock of Alphabet Inc (NASDAQ:GOOG) has “Hold” rating given on Monday, August 10 by Stifel Nicolaus. The firm has “Buy” rating given on Tuesday, August 11 by Axiom Securities.
According to Zacks Investment Research, “Alphabet Inc. is engaged in technology business. The Company provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products through its subsidiaries. Alphabet Inc., formerly known as Google Inc., is headquartered in Mountain View, California.”
Insitutional Activity: The institutional sentiment is 0.88 in Q2 2016. Its the same as in 2016Q1. The ratio is flat, as 8 funds sold all Alphabet Inc shares owned while 9 reduced positions. only 4 funds bought stakes while 11 increased positions. They now own 216,684 shares or 9.70% less from 239,969 shares in 2016Q1.
Bridges Investment Counsel reported 9,288 shares or 0.84% of all its holdings. Ashford Management Inc has 0.11% invested in the company for 710 shares. Amer Money Mngmt, a California-based fund reported 577 shares. Stanley owns 2,712 shares or 0.73% of their US portfolio. Levy Harkins & Com accumulated 13,413 shares or 4.2% of the stock. The Connecticut-based Parametric Risk Ltd Liability Company has invested 0.59% in Alphabet Inc (NASDAQ:GOOG). Grand Jean Capital has 16,696 shares for 4.99% of their US portfolio. Moreover, Staley Capital Advisers has 0.14% invested in Alphabet Inc (NASDAQ:GOOG) for 1,999 shares. And Mngmt, a Massachusetts-based fund reported 499 shares. Nadler Fincl Gp owns 724 shares or 0.21% of their US portfolio. Focused Wealth accumulated 139 shares or 0.04% of the stock. Concannon Wealth Mngmt Ltd holds 0.01% of its portfolio in Alphabet Inc (NASDAQ:GOOG) for 16 shares. Nelson Roberts Invest Advsrs Limited holds 2.51% or 9,638 shares in its portfolio. Hendershot Invs Incorporated reported 2,119 shares or 0.75% of all its holdings. Hikari holds 34,704 shares or 2.77% of its portfolio.
More recent Alphabet Inc (NASDAQ:GOOG) news were published by: Profitconfidential.com which released: “Google Stock: This Is Huge for Fans of Alphabet Inc” on November 24, 2016. Also Profitconfidential.com published the news titled: “Alphabet Inc: This Could Hammer Google Stock” on November 14, 2016. Profitconfidential.com‘s news article titled: “GOOG Stock: New Report Is Great News for Alphabet Inc” with publication date: November 05, 2016 was also an interesting one.
GOOG Company Profile
Alphabet Inc., incorporated on July 23, 2015, is a holding company. The Firm holds interests in Google Inc. (Google). The Company’s divisions 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. The Company’s technical infrastructure and Virtual Reality are also included in Google segment. Google segment is engaged in advertising, sales of digital content, applications and cloud services, as well as sale of Google branded hardware. The Other Bets segment consists of various operating divisions and includes businesses, such as Access/Google Fiber, Calico, Nest, Verily, GV, Google Capital, X and other initiatives. Other Bets segment is engaged in the sale of Nest hardware products, Internet and television services through Google Fiber, and licensing and research and development (R&D) services through Verily. Google offers products, including Gmail, which is an e-mail service; Chrome, which is a browser, and Google Play, which allows access to movies, books, music and application on various devices. Google offers platforms, including Chrome OS and Android mobile operating system.
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