Alphabet (GOOGL) to Release Quarterly Earnings on Tuesday

Alphabet (NASDAQ:GOOGL) will likely be issuing its quarterly earnings data after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $2.12 per share and revenue of $96.67 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Alphabet Stock Up 1.6 %

NASDAQ GOOGL opened at $204.02 on Friday. Alphabet has a fifty-two week low of $130.66 and a fifty-two week high of $205.48. The business has a fifty day moving average price of $188.97 and a two-hundred day moving average price of $174.15. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market capitalization of $2.50 trillion, a PE ratio of 27.06, a PEG ratio of 1.26 and a beta of 0.98.

Insider Buying and Selling

In other news, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the sale, the insider now directly owns 43,981 shares in the company, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the transaction, the chief accounting officer now owns 17,847 shares of the company’s stock, valued at approximately $3,468,029.04. This represents a 13.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,630 shares of company stock worth $22,258,133 in the last quarter. 11.55% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on GOOGL shares. JMP Securities reiterated a “market perform” rating on shares of Alphabet in a research report on Monday, January 27th. Wolfe Research raised their price target on shares of Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Morgan Stanley raised their target price on Alphabet from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. KeyCorp boosted their price target on Alphabet from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Finally, Sanford C. Bernstein lifted their price objective on shares of Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.00.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.