Alphabet Inc. (NASDAQ:GOOGL) registered a -1.39% decrease, still its new closing price is 25.63% up from the company’s 1 year high of 861.00.It posted 2.04% gains in previous 5 sessions and is now the subject of 1 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 1 sells versus 21 buy or better ratings. The 50 stock analysts following this company have an average price target at $987.53, with individual PT in the $700.00-$1,100.00 range. The shares moved at $845.03, implying that brokerage firms see shares gaining about 12.93% in twelve months time.
Alphabet Inc. (GOOGL) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 6.64% rise year to date. A CEO, Google Inc. at Alphabet Inc. (GOOGL) offloaded shares in a transaction closed on Wednesday January 18, 2017. Pichai Sundar sold 4,000 shares in the company at $808.06 each and collected $3,232,000 in proceeds. Pichai Sundar now owns 353,939 shares in the company after this transaction. A SVP, Corporate Development in the company, Drummond David C, disclosed a transaction on Thursday January 12, 2017 that ended up generating $1,635,001 from the sale of 2,000 shares at $817.76 per share.
Alphabet Inc. (NASDAQ:GOOGL) Upcoming Results on Tap
Alphabet Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $7.85 in that period. Sales during the quarter are predicted to arrive at $24.2 billion.
Earnings surprise history: Last quarter, the company posted approximately $26.06 billion in revenue and EPS of $9.36. The mean forecast was for $25.22 billion and $9.64 a share, respectively. One quarter earlier, revenue for the stock was at $22.45 billion, with earnings at $9.06/share.
Alphabet Inc. (GOOGL) Brokerage Update
Alphabet Inc. (GOOGL) is in Pivotal Research Group’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Hold by Pivotal Research Group, according to news reported on Monday April 11, 2016.Another important research note was issued by Goldman on Wednesday August 26, 2015.The firm upgraded GOOGL to Buy from Neutral. Over the last six months and over the last three months, the shares of Alphabet Inc. (GOOGL), have changed 10.34% and 2.79%, respectively.