Investors Buy Shares of Alphabet (GOOGL) on Weakness

Traders bought shares of Alphabet Inc. (NASDAQ:GOOGL) on weakness during trading on Wednesday. $476.78 million flowed into the stock on the tick-up and $329.98 million flowed out of the stock on the tick-down, for a money net flow of $146.80 million into the stock. Of all stocks tracked, Alphabet had the highest net in-flow for the day. Alphabet traded down ($3.97) for the day and closed at $1,075.39

Several analysts have issued reports on the company. Zacks Investment Research downgraded Alphabet from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. William Blair reissued an “outperform” rating on shares of Alphabet in a research note on Thursday, February 1st. Vetr raised Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,243.88 price target on the stock in a research note on Monday, February 5th. Stifel Nicolaus downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,150.00 price target on the stock. in a research note on Friday, February 2nd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $1,285.00 price target on shares of Alphabet in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. Alphabet has a consensus rating of “Buy” and a consensus target price of $1,172.65.

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The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.11 and a current ratio of 5.14. The stock has a market capitalization of $747,162.75, a PE ratio of 33.99, a P/E/G ratio of 1.15 and a beta of 1.05.



Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $10.12 by ($0.42). The company had revenue of $25.87 billion for the quarter, compared to analyst estimates of $25.65 billion. Alphabet had a return on equity of 14.94% and a net margin of 11.42%. equities research analysts forecast that Alphabet Inc. will post 41.18 EPS for the current fiscal year.

Alphabet announced that its Board of Directors has initiated a stock buyback program on Thursday, February 1st that authorizes the company to buyback $8.59 billion in shares. This buyback authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Hedge funds have recently modified their holdings of the business. Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $108,000. Stuart Chaussee & Associates Inc. acquired a new position in Alphabet during the fourth quarter valued at approximately $123,000. Financial Gravity Companies Inc. acquired a new position in Alphabet during the fourth quarter valued at approximately $138,000. Lee Financial Co raised its position in Alphabet by 500.0% during the fourth quarter. Lee Financial Co now owns 120 shares of the information services provider’s stock valued at $126,000 after purchasing an additional 100 shares in the last quarter. Finally, Stelac Advisory Services LLC acquired a new position in Alphabet during the third quarter valued at approximately $126,000. Hedge funds and other institutional investors own 34.38% of the company’s stock.

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Alphabet Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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