Alphabet Inc Has Another Very Positive Options Trading Session

 Alphabet Inc Has Another Very Positive Options Trading Session

In today’s session Alphabet Inc (GOOG) registered an unusually high (567) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious GOOG increase. With 567 contracts traded and 4664 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: GOOG161021C00795000 closed last at: $1.35 or 62.5% down. About 763,374 shares traded hands. Alphabet Inc (NASDAQ:GOOG) has risen 6.58% since March 14, 2016 and is uptrending. It has outperformed by 0.96% 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. Google Inc. has been the topic of 41 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Monness Crespi & Hardt upgraded the shares of GOOG in a report on Tuesday, August 11 to “Neutral” rating. The rating was upgraded by Cantor Fitzgerald on Thursday, August 27 to “Buy”. The rating was maintained by Cowen & Co on Friday, October 23 with “Outperform”. The stock of Alphabet Inc (NASDAQ:GOOG) has “Outperform” rating given on Friday, October 23 by Credit Suisse. The rating was initiated by Susquehanna on Monday, August 10 with “Positive”. Deutsche Bank maintained Alphabet Inc (NASDAQ:GOOG) on Friday, October 23 with “Buy” rating. Pacific Crest maintained Alphabet Inc (NASDAQ:GOOG) on Monday, December 21 with “Overweight” rating. The rating was maintained by RBC Capital Markets on Friday, October 23 with “Outperform”. Axiom Securities maintained it with “Buy” rating and $850 target price in Tuesday, August 11 report. As per Friday, October 2, the company rating was upgraded by Oppenheimer.

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 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.
And, a Massachusetts-based fund reported 499 shares. Tanaka Cap holds 0.32% of its portfolio in Alphabet Inc (NASDAQ:GOOG) for 176 shares. Concannon Wealth Management Limited Liability Corporation has invested 0.01% of its portfolio in Alphabet Inc (NASDAQ:GOOG). Liberty Cap Mgmt Incorporated reported 2,585 shares or 1.21% of all its holdings. Grand Jean Cap Management last reported 16,696 shares in the company. Hendershot Investments Incorporated has 0.75% invested in the company for 2,119 shares. Nadler Fincl Gru last reported 724 shares in the company. Tru Department Mb State Bank N A accumulated 0.01% or 179 shares. Bridges Invest Mgmt Inc accumulated 0.84% or 9,288 shares. Moreover, Huntington Fincl Bank has 0.38% invested in Alphabet Inc (NASDAQ:GOOG) for 28,736 shares. Columbia Asset Mngmt last reported 0.94% of its portfolio in the stock. Baxter Bros last reported 0.98% of its portfolio in the stock. American Money Mgmt Limited Com has invested 0.33% of its portfolio in Alphabet Inc (NASDAQ:GOOG). Budros Ruhlin & Roe, a Ohio-based fund reported 567 shares. Waldron L P holds 0.26% or 972 shares in its portfolio.

Alphabet Inc. is a holding company. The Firm holds interests in Google Inc. . The company has a market cap of $547.10 billion. The Company’s divisions include Google and Other Bets. It has a 29.75 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.

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.

More notable recent Alphabet Inc (NASDAQ:GOOG) news were published by: Fool.com which released: “Alphabet Inc. Earnings: Mark Your Calendar” on October 10, 2016, also Investorguide.com with their article: “Will Alphabet Inc Destroy Samsung?” published on October 17, 2016, Profitconfidential.com published: “GOOG Stock: Alphabet Inc. Delivering Ambitious Moves” on October 07, 2016. More interesting news about Alphabet Inc (NASDAQ:GOOG) were released by: Fool.com and their article: “New Products Point to Increasingly Diverse Opportunities for Alphabet Inc” published on October 06, 2016 as well as Profitconfidential.com‘s news article titled: “GOOG Stock: Why Alphabet Inc Is in the Limelight” with publication date: October 03, 2016.

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