Bearish Options Activity on Alphabet Inc After Worse Fundamentals

 Bearish Options Activity on Alphabet Inc After Worse Fundamentals

In today’s session Alphabet Inc (GOOG) recorded an unusually high (206) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious GOOG decrease. With 206 contracts traded and 10814 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: GOOG161118P00750000 closed last at: $8.2 or 3.8% up. About 1.22M shares traded hands. Alphabet Inc (NASDAQ:GOOG) has risen 6.79% since March 29, 2016 and is uptrending. It has outperformed by 3.32% the S&P500.

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 42 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by UBS given on Friday, October 23. Piper Jaffray maintained it with “Overweight” rating and $812 target price in Friday, October 23 report. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, August 11. The rating was maintained by Pivotal Research with “Hold” on Friday, October 23. Credit Suisse maintained Alphabet Inc (NASDAQ:GOOG) on Friday, October 23 with “Outperform” rating. The stock of Alphabet Inc (NASDAQ:GOOG) earned “Buy” rating by Needham on Tuesday, February 2. The stock has “Outperform” rating given by Cowen & Co on Friday, October 23. Deutsche Bank maintained Alphabet Inc (NASDAQ:GOOG) rating on Friday, October 23. Deutsche Bank has “Buy” rating and $900 price target. The stock of Alphabet Inc (NASDAQ:GOOG) earned “Buy” rating by Cantor Fitzgerald on Thursday, August 13. JP Morgan maintained the shares of GOOG in a report on Friday, October 23 with “Overweight” rating.

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 Q2 2016. Its up 0.57, from 0.31 in 2016Q1. The ratio increased, 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.
Grimes last reported 0.34% of its portfolio in the stock. Budros Ruhlin & Roe holds 567 shares or 0.13% of its portfolio. Nadler Inc last reported 724 shares in the company. Adams Diversified Equity Fund holds 1.65% of its portfolio in Alphabet Inc (NASDAQ:GOOG) for 35,597 shares. Concannon Wealth Management Llc reported 16 shares or 0.01% of all its holdings. Hendershot Invests owns 2,119 shares or 0.75% of their US portfolio. The California-based Amer Money Mgmt Llc has invested 0.33% in Alphabet Inc (NASDAQ:GOOG). Nelson Roberts Investment Advsrs Ltd Com has 9,638 shares for 2.51% of their US portfolio. Liberty Cap Mgmt Inc accumulated 1.21% or 2,585 shares. Spero holds 321 shares or 0.28% of its portfolio. Horrell last reported 7 shares in the company. The Pennsylvania-based Waldron L P has invested 0.26% in Alphabet Inc (NASDAQ:GOOG). Aft Forsyth And Sober Limited Liability Company last reported 0.47% of its portfolio in the stock. Levy Harkins & Com has invested 4.2% of its portfolio in Alphabet Inc (NASDAQ:GOOG). The Virginia-based Burney has invested 0.07% in Alphabet Inc (NASDAQ:GOOG).

Alphabet Inc. is a holding company. The Firm holds interests in Google Inc. . The company has a market cap of $549.56 billion. The Company’s divisions include Google and Other Bets. It has a 28.83 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. Boosts Buybacks After Another Great Quarter” on October 28, 2016, also Investorplace.com with their article: “Alphabet Inc (GOOGL) Stock Is Just Getting Started” published on October 28, 2016, Valuewalk.com published: “Google, Apple And Market Signaling” on October 31, 2016. More interesting news about Alphabet Inc (NASDAQ:GOOG) were released by: Profitconfidential.com and their article: “Alphabet Inc: Could Google Stock Hit $1000?” published on October 21, 2016 as well as Fool.com‘s news article titled: “Alphabet Inc. Earnings: Mark Your Calendar” with publication date: October 10, 2016.

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