Alphabet delivers big earnings beat in third quarter

Alphabet delivers big earnings beat in third quarter

(NASDAQ:GOOGL) by 1.5% during the second quarter, Holdings Channel reports. Janus Henderson Group PLC increased its holdings in Alphabet by 759.0% in the 2nd quarter.

Google stock was up 3 percent in after-hours trading-a sign investors were happy with what they heard from Google. Harbour Capital Advisors LLC increased its holdings in Alphabet by 87,001.5% in the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider's stock valued at $147,000 after acquiring an additional 7 shares during the last quarter. Founders Capital Management LLC acquired a new stake in Alphabet during the second quarter valued at approximately $196,000. BlackRock Inc. now owns 18,058,006 shares of the information services provider's stock worth $16,409,850,000 after acquiring an additional 826,480 shares in the last quarter. Institutional investors and hedge funds own 34.50% of the company's stock. BlackRock Inc. boosted its position in Alphabet by 4.8% during the second quarter.

Alphabet (NASDAQ:GOOG) traded up 6.542% during trading on Friday, hitting $1036.184. 1,615,814 shares of the company were exchanged.

WARNING: "Seaward Management Limited Partnership Sells 1,056 Shares of Alphabet Inc". The firm has a market capitalization of $673.87 billion, a P/E ratio of 35.25 and a beta of 0.94. The firm's 50 day moving average price is $954.17 and its 200 day moving average price is $933.86.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, October 26th.

Google said that adjusted earnings were $9.57 a share, up 32% from a year ago, with revenue jumping 24% to $27.77 billion, topping consensus estimates. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. Eleven analysts surveyed by Zacks expected $21.94 billion. (GOOGL) was a Moderate Buy - from a survey of 27 analysts. After subtracting Alphabet's advertising commissions, revenue was $22.27 billion, also surpassing Street forecasts. Robert W. Baird reaffirmed an "outperform" rating on shares of Alphabet in a research note on Monday, July 3rd. BidaskClub upgraded Alphabet from a "hold" rating to a "buy" rating in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and forty-seven have assigned a buy rating to the company. Alphabet has a consensus rating of "Buy" and a consensus price target of $1,036.51.

Dandelion chief executive Kathy Hannun said her team had been working for several years "to make it easier and more affordable to heat and cool homes with the clean, free, abundant, and renewable energy source right under our feet", and that the efforts culminated in the creation of an independent company outside of Alphabet.

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