Alphabet Inc Stock Price Could Go Down After Today’s Bearish Options Activity

 Alphabet Inc Stock Price Could Go Down After Today's Bearish Options Activity

In today’s session Alphabet Inc (GOOG) recorded an unusually high (552) 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 552 contracts traded and 4364 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: GOOG161118P00720000 closed last at: $1 or 20% down. About 1.58M shares traded hands. Alphabet Inc (NASDAQ:GOOG) has risen 6.25% since April 8, 2016 and is uptrending. It has outperformed by 0.60% 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. $1070 is the highest target while $700 is the lowest. The $839 average target is 9.97% above today’s ($762.92) stock price. Google Inc. has been the topic of 42 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Pivotal Research on Friday, October 23 with “Hold”. The company was maintained on Friday, October 23 by JMP Securities. The stock has “Neutral” rating given by Monness Crespi & Hardt on Tuesday, August 11. The company was maintained on Friday, October 23 by Cowen & Co. The stock of Alphabet Inc (NASDAQ:GOOG) earned “Overweight” rating by Pacific Crest on Monday, December 21. Piper Jaffray maintained the stock with “Overweight” rating in Friday, October 23 report. RBC Capital Markets maintained the shares of GOOG in a report on Tuesday, August 11 with “Outperform” rating. The firm has “Overweight” rating by JP Morgan given on Friday, October 23. On Wednesday, August 19 the stock rating was upgraded by Atlantic Securities to “Overweight”. The company was maintained on Friday, July 29 by Needham.

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 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.
Aft Forsyth & Sober Limited Liability last reported 0.47% of its portfolio in the stock. Robshaw Julian has 3.28% invested in the company for 6,204 shares. Burney holds 1,399 shares or 0.07% of its portfolio. Bridges Counsel last reported 0.84% of its portfolio in the stock. Wills Grp Inc last reported 587 shares in the company. Mengis Cap has 2,799 shares for 1.71% of their US portfolio. The New York-based Tanaka Cap Mgmt Inc has invested 0.32% in Alphabet Inc (NASDAQ:GOOG). Grand Jean Capital Mngmt, a California-based fund reported 16,696 shares. Budros Ruhlin And Roe, a Ohio-based fund reported 567 shares. Bridges Investment Management has 9,288 shares for 0.84% of their US portfolio. The California-based Money Management Limited Company has invested 0.33% in Alphabet Inc (NASDAQ:GOOG). Horrell Mngmt Inc accumulated 0% or 7 shares. Columbia Asset reported 3,817 shares or 0.94% of all its holdings. Grimes & Com Inc has 3,623 shares for 0.34% of their US portfolio. Adams Diversified Equity Fund accumulated 35,597 shares or 1.65% of the stock.

Alphabet Inc. is a holding company. The Firm holds interests in Google Inc. . The company has a market cap of $529.11 billion. The Company’s divisions include Google and Other Bets. It has a 27.42 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: Investorplace.com which released: “Alphabet Inc (GOOG, GOOGL) Stock Can Earn You Free Money” on November 09, 2016, also Profitconfidential.com with their article: “GOOG Stock: New Report Is Great News for Alphabet Inc” published on November 05, 2016, Profitconfidential.com published: “Alphabet Inc: This GOOG Stock Trend Line is all that Matters” on November 04, 2016. More interesting news about Alphabet Inc (NASDAQ:GOOG) were released by: Investorplace.com and their article: “Alphabet Inc Ends Google Drones Deal With Starbucks Corporation” published on November 09, 2016 as well as Fool.com‘s news article titled: “Alphabet, Inc. Boosts Buybacks After Another Great Quarter” with publication date: October 28, 2016.

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