Alphabet (NASDAQ:GOOG) Earning Very Critical Media Coverage, Report Finds

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News headlines about Alphabet (NASDAQ:GOOG) have been trending very negative on Wednesday, InfoTrie reports. InfoTrie identifies positive and negative media coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Alphabet earned a coverage optimism score of -3.42 on their scale. InfoTrie also gave headlines about the information services provider an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the near term.

Here are some of the headlines that may have effected Alphabet’s analysis:

NASDAQ:GOOG opened at $1,078.72 on Wednesday. The company has a market capitalization of $740.09 billion, a PE ratio of 22.71, a P/E/G ratio of 1.26 and a beta of 1.03. The company has a current ratio of 3.96, a quick ratio of 3.93 and a debt-to-equity ratio of 0.02. Alphabet has a 12-month low of $970.11 and a 12-month high of $1,289.27.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Monday, April 29th. The information services provider reported $11.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $10.51 by $1.39. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. The firm had revenue of $36.34 billion for the quarter, compared to the consensus estimate of $37.36 billion. During the same period in the previous year, the business earned $9.93 earnings per share. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. Equities analysts predict that Alphabet will post 48.44 earnings per share for the current year.

Several research firms recently weighed in on GOOG. Zacks Investment Research cut Alphabet from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Pivotal Research began coverage on Alphabet in a research note on Wednesday, May 29th. They set a “hold” rating for the company. BidaskClub cut Alphabet from a “hold” rating to a “sell” rating in a research note on Saturday, March 30th. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research note on Tuesday, April 30th. Finally, Credit Suisse Group restated a “buy” rating on shares of Alphabet in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $1,361.50.

In other Alphabet news, Director John L. Hennessy sold 75 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $1,280.51, for a total transaction of $96,038.25. Following the sale, the director now directly owns 159 shares in the company, valued at $203,601.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Amie Thuener O’toole sold 89 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $1,195.32, for a total value of $106,383.48. Following the sale, the vice president now owns 388 shares in the company, valued at $463,784.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 423 shares of company stock worth $494,939. Company insiders own 13.11% of the company’s stock.

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About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

Further Reading: Sell-Side Analysts

Insider Buying and Selling by Quarter for Alphabet (NASDAQ:GOOG)

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