Google's parent company reports revenue rise

The self-driving auto group has graduated into a new company, dubbed Waymo, but a host of Alphabet executives have departed, including the leaders of smart home technology company Nest and Google Ventures.

Several other brokerages also recently issued reports on GOOGL. Mizuho assumed coverage on Alphabet in a research report on Saturday, March 11th.

Shares of Alphabet (NASDAQ:GOOGL) traded up 0.10% during trading on Tuesday, hitting $890.04. The stock has a market capitalization of $614.77 billion, a P/E ratio of 31.90 and a beta of 0.98. The company's 50 day moving average price is $855.24 and its 200 day moving average price is $825.27. Out of 22 analysts polled by TipRanks in the last 3 months, 17 are bullish on Alphabet stock, 4 remain sidelined, and 1 is bearish on the stock.


Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, January 26th.

Ad revenues were up 19% to $21.4bn (£16.6bn) with paid clicks - where an advertiser only pays if a user clicks on ads - up by a better than expected 44%. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. If you are accessing this report on another website, it was stolen and republished in violation of United States & global trademark and copyright legislation. If you are reading this report on another website, it was stolen and reposted in violation of USA & worldwide copyright and trademark legislation. 251,506 shares of the company's stock traded hands. Van Cleef Asset Management Inc increased its position in shares of Alphabet by 4.6% in the third quarter.

Alphabet CEO Larry Page released a letter Thursday defending the two-year-old Alphabet structure, which he said had achieved its objective of giving investors greater visibility into Google's performance while empowering entrepreneurs in other parts of the company.


The strong results also allayed concerns about a recent controversy surrounding the video service and its impact on Google's ad revenue.

"For a company of Google's size to post the growth that it has is just a testament to the quality and usefulness of the products they make", said Colin Gillis, an analyst with BGC Partners.



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