Ford Motor Company (NYSE:F) shares are trading up 1.2% in pre-market trading this morning, after news broke that Alphabet Inc.’s Google (NASDAQ:GOOG) will be partnering with the company to create self-driving autonomous vehicles. Interestingly enough, shares of Alphabet Inc (NASDAQ:GOOG) are not seeing the same positive response, with the stock up just 0.03%.
This news comes as a shock to some, and a relief to the automobile industry. Whether they would admit it or not, large auto has been quite frightened about the prospect that technology companies like Alphabet Inc (NASDAQ:GOOG) and Apple (NASDAQ:AAPL) would just jump into their market with technology and cars that could far exceed their own.
It was just yesterday that we reported on news that Ford Motor Company (NYSE:F) was planning to have over 40% of their cars running on electric power by 2020. This is yet another step in what appears to be the “right” direction for the automobile manufacturer. Investors have reacted positively to the news this morning, as this not only hints to the fact that Alphabet Inc.’s Google (NASDAQ:GOOG) actually isn’t looking to manufacture cars themselves, but it also means that Ford has probably what most would consider to be the most developed and high tech self-driving car system on their side. Perhaps investors of Google stock are not quite as happy as this could signal an end for any remaining hope that the company would begin selling their own brand of cars.
Ford Motor Company (NYSE:F) stock decreased 0.47% or $0.07 during the last trading session, hitting $13.73. Approximately 1,125 shares traded hands. F shares have declined 11.42% since May 19, 2015 and are currently downtrending. It has underperformed the S&P500 by 9.15%.
From a total of 5 analysts covering F&M Bank (NYSE:F) stock, 4 rate it a “Buy”, 0 a “Sell”, and 1 a “Hold”. This means that 80% of the ratings are positive. The highest target price is $119 while the lowest target price is $16.44. The mean of all analyst targets is $31.93 which is 132.56% above today’s ($13.73) stock price. F&M Bank was the topic of 8 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on October 28 with a “Buy” rating. S&P Research maintained F stock in a recent report from September 25 with a “Strong Buy” rating. Finally, Compass Point initiated the stock with a “Neutral” rating in a report they issued on an August 7.
The institutional sentiment decreased to 1.11 in Q2 2015. It’s down 0.03, from 1.14 in 2015Q2. The ratio dived, as 67 funds sold all their Ford Motor Company shares they owned while 361 reduced their positions. 82 funds bought stakes while 391 increased their total positions. Institutions now own 2.26 billion shares which is 2.80% more than the previous share count of 2.20 billion in 2015Q2.
Vantage Investment Partners Llc holds 37.57% of its total portfolio in Ford Motor Company, equating to 9.12 million shares. Western Asset Management Co owns 1.13 million shares representing 13.41% of their total US portfolio. Moreover, Evercore Trust Company N.A. has 11.51% of their total portfolio invested in the company, equating to 219.80 million shares. The Missouri-based Terril Brothers Inc. has a total of 8.38% of their portfolio invested in the stock. Athena Global Investors Llc, a Virginia-based fund reported 516,520 shares owned.
Google (GOOG) stock increased 1.14% or $8.46 during the last trading session, hitting $747.77. About 140 shares traded hands. GOOG has risen 39.16% since May 19, 2015 and is uptrending. It has outperformed the S&P500 by 41.42%.
From a total of 28 analysts covering Google Inc. (NASDAQ:GOOG) stock, 24 rate it a “Buy”, 0 a “Sell”, and 4 a “Hold”. This means that 86% of the ratings are positive. The highest target price is $900 while the lowest target price is $700. The mean of all analyst targets is $825 which is 10.33% above today’s ($747.77) stock price. Google Inc. was the topic of 37 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on October 23 with a “Buy” rating. Pivotal Research maintained shares with a”Hold” rating and a $740 target share price in their report from an October 23. Piper Jaffray maintained GOOG stock in a recent report from October 23 with a “Overweight” rating. Pacific Crest maintained the rating on October 23. Pacific Crest has a “Overweight” rating and a $820 price target on shares. Finally, Credit Suisse maintained the stock with a “Outperform” rating in a report they issued on an October 23.
The institutional sentiment decreased to 0.67 in Q2 2015. It’s down 0.53, from 1.2 in 2015Q2. The ratio dropped, as 445 funds sold all their Alphabet Inc shares they owned while 412 reduced their positions. 109 funds bought stakes while 464 increased their total positions. Institutions now own 203.36 million shares which is 12.54% less than the previous share count of 232.53 million in 2015Q2.
Ancient Art L.P. holds 22.07% of its total portfolio in Alphabet Inc, equating to 213,887 shares. Jgp Global Gestao De Recursos Ltda. owns 38,052 shares representing 12.71% of their total US portfolio. Moreover, Cantillon Capital Management Llc has 11.84% of their total portfolio invested in the company, equating to 888,378 shares. The California-based Dalal Street Llc has a total of 11.16% of their portfolio invested in the stock. Glade Brook Capital Partners Llc, a Connecticut-based fund reported 50,799 shares owned.
Since February 25, 2015, the stock had 0 insider buys, and 47 sales for a total of $615.96 million in net activity. Brin Sergey sold 16,670 shares worth $10.24 million. Page Lawrence sold 16,670 shares worth $10.34 million. Doerr L John sold 5,269 shares worth $3.33 million. Drummond David C sold 5,290 shares worth $3.39 million. The insider Mather Ann sold 6,000 shares worth $3.48 million.
Alphabet Inc is a collection of Companies. The company has a market cap of $514.44 billion. The Company’s collection include Calico, Google’s health and longevity effort; Nest its connected home business; Fiber, its gigabit internet arm; and its investment divisions such as Google Ventures and Google Capital, and incubator projects, such as Google X. It has 35.17 P/E ratio. These will be managed separately in Alphabet.