The stock of Alphabet Inc (NASDAQ:GOOG) is a huge mover today! About 1.44M shares traded hands. Alphabet Inc (NASDAQ:GOOG) has declined 2.08% since April 13, 2016 and is downtrending. It has underperformed by 6.01% the S&P500.
The move comes after 7 months positive chart setup for the $515.98 billion company. It was reported on Nov, 15 by Barchart.com. We have $864.19 PT which if reached, will make NASDAQ:GOOG worth $72.24 billion more.
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. On Thursday, September 24 the stock rating was maintained by Citigroup with “Buy”. The firm has “Hold” rating given on Friday, October 28 by Stifel Nicolaus. As per Tuesday, August 11, the company rating was maintained by RBC Capital Markets. The stock of Alphabet Inc (NASDAQ:GOOG) earned “Overweight” rating by Piper Jaffray on Friday, October 23. On Thursday, August 13 the stock rating was maintained by Cantor Fitzgerald with “Buy”. The rating was upgraded by Stifel Nicolaus to “Hold” on Monday, August 10. Pacific Crest maintained Alphabet Inc (NASDAQ:GOOG) rating on Monday, December 21. Pacific Crest has “Overweight” rating and $850 price target. Cantor Fitzgerald upgraded it to “Buy” rating and $800 target price in Thursday, August 27 report. Deutsche Bank maintained the shares of GOOG in a report on Friday, October 23 with “Buy” rating. The stock has “Outperform” rating given by Credit Suisse on Monday, October 17.
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.
Nelson Roberts Inv Advisors Limited Co accumulated 2.51% or 9,638 shares. Nadler Financial Incorporated, a Illinois-based fund reported 724 shares. Welch Grp Limited Liability holds 192 shares or 0.03% of its portfolio. Columbia Asset Mngmt accumulated 0.94% or 3,817 shares. Wills Gru Inc has 0.34% invested in the company for 587 shares. Liberty Mgmt Inc accumulated 1.21% or 2,585 shares. Ashford Cap Mngmt, a Delaware-based fund reported 710 shares. Bridges holds 0.84% of its portfolio in Alphabet Inc (NASDAQ:GOOG) for 9,288 shares. Hikari Pwr Ltd holds 34,704 shares or 2.77% of its portfolio. Mengis Inc holds 2,799 shares or 1.71% of its portfolio. Amer Rech And Management owns 499 shares or 0.13% of their US portfolio. Rothschild Prtnrs Limited Liability Corporation holds 3,571 shares or 1.31% of its portfolio. M Kraus holds 2.12% or 4,292 shares in its portfolio. Trust Department Mb Bank & Trust N A has invested 0.01% of its portfolio in Alphabet Inc (NASDAQ:GOOG). Burney has invested 0.07% of its portfolio in Alphabet Inc (NASDAQ:GOOG).
More notable recent Alphabet Inc (NASDAQ:GOOG) news were published by: Profitconfidential.com which released: “Alphabet Inc: This Could Hammer Google Stock” on November 14, 2016, also Investorplace.com with their article: “GOOGL Stock: Trump the Stupid Bears in Alphabet Inc” published on November 11, 2016, Profitconfidential.com published: “GOOG Stock: New Report Is Great News for Alphabet Inc” on November 05, 2016. More interesting news about Alphabet Inc (NASDAQ:GOOG) were released by: Fool.com and their article: “Alphabet, Inc. Boosts Buybacks After Another Great Quarter” published on October 28, 2016 as well as Profitconfidential.com‘s news article titled: “Alphabet Inc: This GOOG Stock Trend Line is all that Matters” with publication date: November 04, 2016.
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.
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