Alphabet (NASDAQ:GOOG) Rating Reaffirmed
They currently have a $850 Estimated Target Price on Alphabet (NASDAQ:GOOG). The target price by Pacific Crest would suggest a potential upside of 14.97% from the company’s last close price. This has been revealed to clients and investors in an analyst research report on Monday morning.
From a total of 12 analysts covering Google Inc. (NASDAQ:GOOG) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $950 while the lowest target price is $780. The mean of all analyst targets is $853.67 with a 11.04% above today’s ($743) 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 “Buy” rating. Pivotal Research maintained shares with “Hold” rating and $740 target share price in a report from an October 23. Piper Jaffray maintained GOOG stock in a recent report from October 23 with “Overweight” rating. FBR Capital maintained the rating on October 23. FBR Capital has a “Outperform” rating and a $809 price target on shares. Finally, Credit Suisse maintained the stock with “Outperform” rating in a report issued on an October 23.
Approximately 129 shares of stock traded hands. Alphabet Inc (NASDAQ:GOOG) has risen 38.89% since May 18, 2015 and is uptrending. It has outperformed by 44.70% the S&P500.
The overall sentiment of institutions has decreased to 0.67 in Q2 2015. Its down 0.53, from 1.2 in 2015Q2. The ratio is negative, as 445 institutions have sold all the shares of Alphabet Inc that they owned while 412 funds have taken shares off the table. 109 funds have purchased shares for the first time while 464 added to their positions. These institutions now hold 203.36 million shares or 12.54% less than the 232.53 million shares they owned in 2015Q2.
The Fund Ancient Art L.P. currently is holding shares equating to 22.07% of its total portfolio in Alphabet Inc representing a total of 213,887 shares. Another fund,Jgp Global Gestao De Recursos Ltda., is holding a total of 38,052 shares equating to 12.71% of their holdings. Additionally, Cantillon Capital Management Llc has a 888,378 share stake in Alphabet Inc which represents 11.84% of their total portfolio. The Fund, Dalal Street Llc, based out of California, has also built up a stake in the stock, which represents a total of 11.16% of their total portfolio. Finally Glade Brook Capital Partners Llc, a fund which is based in the state of Connecticut reported a total holdings of 50,799 shares.
Insider activity is a very important aspect to track on any stock. Going back to February 25, 2015, shareholders of Alphabet Inc have witnessed 0 insider buys, and a total of 48 sales equating to a net activity of approximately $634.27 million . Brin Sergey sold 16,670 shares worth approximately $10.24M. Page Lawrence sold 16,670 shares worth approximately $10.34M. Doerr L John sold 5,269 shares worth approximately $3.33 million. Drummond David C sold 5,290 shares worth approximately $3.39 million. The company 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 34.77 P/E ratio. These will be managed separately in Alphabet.
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.”