Alphabet Reports Fourth Quarter Earnings

Yolanda Curtis
February 3, 2020

In related news, major shareholder Capitalg Lp sold 2,085,172 shares of the firm's stock in a transaction on Monday, January 6th. Garrett Wealth Advisory Group LLC purchased a new position in shares of Alphabet during the 3rd quarter valued at approximately $39,000. LLC bought a new stake in Alphabet in the 3rd quarter valued at about $60,000. The fund owned 4,957 shares of the information services provider's stock after purchasing an additional 149 shares during the quarter. Finally, Regal Wealth Group Inc. raised its stake in Alphabet by 55.2% in the 4th quarter. Finally, Investors Research Corp increased its position in Alphabet by 72.4% in the third quarter.

Alphabet's stock recently traded up 2% to $1.463 a share in NY. Insiders sold a total of 3,658,628 shares of company stock worth $301,254,139 over the last three months. Alphabet has a twelve month low of $1,027.03 and a twelve month high of $1,500.58. The stock was sold at an average price of $1,289.62, for a total transaction of $73,327,793.20. The stock has a market cap of $1,002.98 billion, a PE ratio of 30.83, a P/E/G ratio of 1.59 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.78 and a quick ratio of 3.75.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $12.42 by ($2.30). Alphabet had a return on equity of 18.34% and a net margin of 21.04%. The fund owned 11,896 shares of the information services provider's stock after selling 12,182 shares during the quarter. During the same period a year ago, the company earned $13.06 EPS.

This time this past year, the business revealed its first signs of a slowing marketing firm after reporting its fourth quarter earnings for financial 2018.

GOOG has been the topic of several recent research reports.

In December, Google Chief Executive Sundar Pichai gained the additional role of Alphabet CEO from Larry Page as he and fellow co-founder Sergey Brin stepped back even further from day-to-day management. They set an "outperform" rating and a $1,600.00 price target for the company. Cleveland Research restated a "neutral" rating on shares of Alphabet in a research report on Friday, December 20th. Stifel Nicolaus reissued a "buy" rating and set a $1,525.00 price target on shares of Alphabet in a report on Friday, January 24th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eleven have issued a buy rating to the company's stock. The firm's 50-day moving average price is $1,402.17 and its 200-day moving average price is $1,275.81.

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers TECFIDERA, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA for the treatment of multiple sclerosis (MS); SPINRAZA for the treatment of spinal muscular atrophy; and FUMADERM for the treatment of plaque psoriasis.

Expenses have ballooned with hiring of thousands of salespeople, building of new data centers and marketing the Google brand through hardware and other ventures.

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