Alphabet Class A shares traded lower by 4.3% in Monday's after-hours session. The stock's fifty day moving average is $1,402.28 and its 200-day moving average is $1,275.98. Following the completion of the transaction, the chief accounting officer now directly owns 388 shares of the company's stock, valued at $496,473.16. However, the consensus estimates call for $12.22 in EPS and $43.29 billion in revenue for the first quarter. In the last quarter, insiders have sold 3,658,628 shares of company stock worth $301,254,139. The biotechnology company reported $8.34 EPS for the quarter, topping the Zacks' consensus estimate of $8.02 by $0.32.
Profits rose 19 percent from a year ago to almost $10.7 billion as revenues increased 17 percent to $46 billion for the internet giant.
Meanwhile, EarningsWhisper.com reports a whisper number of $13.05 per share. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued. The company's share price is up 33% over the past year and hit an all-time high of $1,503.21 less than two weeks ago. Wells Fargo & Co reaffirmed a "buy" rating on shares of Alphabet in a research report on Sunday, January 19th.
Looking at Search, one of the biggest cash cows for Google, it saw $27.2 billion in revenue for Q4 and total revenue of $98.1 billion for all of 2019. Wedbush reissued a "buy" rating and set a $1,625.00 price objective (up previously from $1,500.00) on shares of Alphabet in a report on Thursday. Cleveland Research restated a "neutral" rating on shares of Alphabet in a research report on Friday, December 20th. In the year-ago Q4, the company's Cloud revenue came to just $1.71 billion, a run rate of $6.84 billion. TheStreet upgraded Biogen from a "c+" rating to a "b" rating in a research report on Tuesday, October 29th. Four analysts have rated the stock with a sell rating, twenty-one have given a hold rating and eleven have issued a buy rating to the company's stock.
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The Google LLC parent said it earned a profit of $10.67 billion, or $15.35 a share, in its fourth quarter. The company offers performance and brand advertising services.
The company is now disclosing its revenue on a more granular basis, including for Search, YouTube ads and Cloud.