Ownership Action to Note: Google Inc (NASDAQ:GOOG) Quarterly Sentiment Report

November 24, 2016 - By Adrian Mccoy   ·   0 Comments

Ownership Action to Note: Google Inc (NASDAQ:GOOG) Quarterly Sentiment Report

Sentiment for Google Inc (NASDAQ:GOOG)

Google Inc (NASDAQ:GOOG) institutional sentiment is 0.88 in 2016 Q2. Its the same as in 2016Q1. The ratio is flat, as only 15 active investment managers started new and increased stock positions, while 17 sold and reduced their stock positions in Google Inc. The active investment managers in our partner’s database now own: 216,684 shares, down from 239,969 shares in 2016Q1. Also, the number of active investment managers holding Google Inc in their top 10 stock positions decreased from 5 to 4 for a decrease of 1. Sold All: 8 Reduced: 9 Increased: 11 New Position: 4.

Alphabet Inc. is a holding company. The Firm holds interests in Google Inc. . The company has a market cap of $525.04 billion. The Company’s divisions include Google and Other Bets. It has a 27.35 P/E ratio. 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 stock decreased 0.95% or $7.28 on November 23, hitting $760.99. About 1.48 million shares traded hands. Alphabet Inc (NASDAQ:GOOG) has risen 5.87% since April 22, 2016 and is uptrending. It has outperformed by 0.46% the S&P500.

Analysts await Alphabet Inc (NASDAQ:GOOG) to report earnings on February, 6.

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.”

Grand Jean Capital Management Inc holds 4.99% of its portfolio in Alphabet Inc for 16,696 shares. Levy Harkins & Co Inc owns 13,413 shares or 4.2% of their US portfolio. Moreover, Robshaw & Julian Associates Inc has 3.28% invested in the company for 6,204 shares. The Japan-based Hikari Power Ltd has invested 2.77% in the stock. Nelson Roberts Investment Advisors Llc, a California-based fund reported 9,638 shares.#img1#

Alphabet Inc (NASDAQ:GOOG) Ratings Coverage

Ratings analysis reveals 86% of Google Inc.’s analysts are positive. Out of 28 Wall Street analysts rating Google Inc., 24 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $700 while the high is $1070. The stock’s average target of $839 is 10.25% above today’s ($760.99) share price. GOOG was included in 42 notes of analysts from July 21, 2015. The firm has “Neutral” rating by Mizuho given on Tuesday, August 11. The firm earned “Overweight” rating on Friday, October 23 by JP Morgan. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, August 11. Canaccord Genuity maintained the stock with “Buy” rating in Friday, October 23 report. The firm has “Positive” rating given on Monday, August 10 by Susquehanna. Nomura maintained Alphabet Inc (NASDAQ:GOOG) on Friday, October 23 with “Buy” rating. The firm earned “Buy” rating on Friday, July 29 by Needham. The stock has “Overweight” rating given by Atlantic Securities on Wednesday, August 19. The stock has “Buy” rating given by Cantor Fitzgerald on Thursday, August 27. Moffett Nathanson initiated the stock with “Buy” rating in Tuesday, September 8 report.

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.

More notable recent Alphabet Inc (NASDAQ:GOOG) news were published by: Profitconfidential.com which released: “Google Stock: This Is Huge for Fans of Alphabet Inc” on November 24, 2016, also Nasdaq.com with their article: “Alphabet Inc (GOOG) CEO Lawrence Page Sold $—5.9 million of Shares” published on November 24, 2016, Profitconfidential.com published: “Alphabet Inc: This Could Hammer Google Stock” on November 14, 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 Investorplace.com‘s news article titled: “GOOGL Stock: Trump the Stupid Bears in Alphabet Inc” with publication date: November 11, 2016.

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By Adrian Mccoy

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