What’s Ahead for Alphabet Inc After Today’s Bullish Options Activity?


 What's Ahead for Alphabet Inc After Today's Bullish Options Activity?

In today’s session Alphabet Inc (GOOG) registered an unusually high (1,093) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious GOOG increase. With 1,093 contracts traded and 7164 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: GOOG161118C00800000 closed last at: $16 or 1.9% up. About 1.20 million shares traded hands. Alphabet Inc (NASDAQ:GOOG) has risen 7.48% since March 1, 2016 and is uptrending. It has underperformed by 1.76% the S&P500.

Analysts await Alphabet Inc (NASDAQ:GOOG) to report earnings on October, 27.

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. $910 is the highest target while $700 is the lowest. The $828.33 average target is 6.68% above today’s ($776.49) stock price. Google Inc. has been the topic of 40 analyst reports since July 21, 2015 according to StockzIntelligence Inc. FBR Capital maintained the shares of GOOG in a report on Friday, October 23 with “Outperform” rating. Moffett Nathanson initiated the shares of GOOG in a report on Tuesday, September 8 with “Buy” rating. The rating was upgraded by Oppenheimer on Friday, October 2 to “Outperform”. As per Friday, October 23, the company rating was maintained by JMP Securities. The stock of Alphabet Inc (NASDAQ:GOOG) earned “Outperform” rating by Credit Suisse on Friday, October 23. RBC Capital Markets maintained the shares of GOOG in a report on Friday, October 23 with “Outperform” rating. The firm has “Hold” rating by Stifel Nicolaus given on Monday, August 10. Pacific Crest maintained Alphabet Inc (NASDAQ:GOOG) on Monday, December 21 with “Overweight” rating. The stock has “Overweight” rating given by Atlantic Securities on Wednesday, August 19. The rating was maintained by Needham with “Buy” on Friday, July 29.

Insitutional Activity: The institutional sentiment increased to 0.88 in 2016 Q2. Its up 0.57, from 0.31 in 2016Q1. The ratio improved, as 8 funds sold all Alphabet Inc shares owned while 9 reduced positions. 4 funds bought stakes while 11 increased positions. They now own 216,684 shares or 9.70% less from 239,969 shares in 2016Q1.
Stanley holds 2,712 shares or 0.73% of its portfolio. Grimes & Inc last reported 3,623 shares in the company. Nelson Roberts Advsr Limited Liability Corp has 9,638 shares for 2.51% of their US portfolio. The Connecticut-based Parametric Risk Advsr Limited Liability has invested 0.59% in Alphabet Inc (NASDAQ:GOOG). Baxter Bros holds 0.98% of its portfolio in Alphabet Inc (NASDAQ:GOOG) for 4,057 shares. Concannon Wealth Management Limited Liability Corporation has 0.01% invested in the company for 16 shares. Horrell Management has 0% invested in the company for 7 shares. American Money Mngmt Lc has 577 shares for 0.33% of their US portfolio. Aft Forsyth & Sober Limited Liability Corp has 100 shares for 0.47% of their US portfolio. Balasa Dinverno And Foltz Limited Liability accumulated 1,518 shares or 0.19% of the stock. Adams Diversified Equity Fund Incorporated holds 1.65% or 35,597 shares in its portfolio. Levy Harkins And Co holds 4.2% or 13,413 shares in its portfolio. Grand Jean Mgmt Incorporated has 4.99% invested in the company for 16,696 shares. Spero last reported 321 shares in the company. Liberty Capital Mngmt Inc last reported 1.21% of its portfolio in the stock.

Alphabet Inc. is a holding company. The Firm holds interests in Google Inc. . The company has a market cap of $539.92 billion. The Company’s divisions include Google and Other Bets. It has a 29.52 P/E ratio. 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.

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