Alphabet (GOOG, GOOGL) 02 (Aug 17 - Dec 25)

[behappyalways]

Google sued by DOJ in antitrust case over search dominance
https://www.cnbc.com/2020/10/20/doj-ant ... erm=Google

[behappyalways]

2020.10.25【文茜世界周報】谷歌遭訴反托拉斯　美大選前充滿政治動機
https://www.youtube.com/watch?v=n799vk3h_zw

[winston]

not vested

Google: Parent Alphabet reported revenue of $46 billion — a 14% increase from the same period last year.

The company made more than $11 billion in profit.

The report marks a strong turnaround from the previous quarter, when Alphabet posted its first revenue decline in history as online ad spending dropped in the early days of the pandemic.

Between July and September, Google's advertising revenue jumped nearly 10% year-on-year, with search advertising revenue growing 6.5% and YouTube ad revenue surging 32%.

Source: CNN

[winston]

not vested

Alphabet (GOOGL)

Alphabet (“Google’s” corporate parent) saw revenue climb 14% year-over-year to $46.2 billion, which beat Wall Street’s consensus estimate of $42.8 billion by 7.9%.

Earnings of $16.4 per share rose 62% from a year prior and crushed analysts’ expectations for $11.2 per share by 45.3%.

CFO Ruth Porat attributed sales growth to an increase in advertiser spending for the company’s Search and YouTube streams, as well as continued strength in Google Cloud and Play.

Total advertising spending at the company jumped 9.8% from a year earlier to $37.1 billion and reversed the company’s first ever reported decline in advertising in July.

Google Search brought in $26.3 billion in the quarter, a 6.5% gain from a year ago, YouTube ad revenue increased 32.4% from a year ago to $5.03 billion, and Cloud revenue soared 44.8% to $3.4 billion.

Shares rocketed over 5% higher Friday on the positive results.

Looking forward, analysts estimate revenue will climb to $52.8 billion in the following quarter, while earnings should come in at $15.5 per share.

Source: Investor Place

[winston]

not vested

What Could Happen to Google

by Shah Gilani

The company’s already been sued by the European Commission (EC) for everything U.S. regulators and states are going after it for; it lost on every front in Europe. Google must abide by new rules imposed by the EC while it appeals.

For me, Google trading back down to $1,600 would be an early warning. The stock could test $1,400, which would make me nervous.

If the stock trades below $1,400, based on pending laws and the potential outcome of lawsuits, I’d sell.

In between $1,400 and $1,600, where Google could range, would be a nervous time, but not necessarily a reason to sell.

Source: Money Morning

[winston]

not vested

Alphabet Inc. reported quarterly sales that beat Wall Street estimates, buoyed by heavy digital advertising spending during the holiday shopping quarter.

The shares jumped about 8% in extended trading.

Fourth-quarter revenue, excluding payments to distribution partners, came in at $46.43 billion, the Mountain View, California-based company said in a statement.

Analysts, on average, expected $44.2 billion, according to data compiled by Bloomberg.

Source: Phillips

[winston]

not vested

Alphabet (GOOG, GOOGL)

Like Facebook, Google parent Alphabet continues to put up consistent growth numbers, including 23% revenue growth and 43% net income growth in the most recent quarter.

Fortunately, it's still attractively valued as well, priced at just 25 times forward earnings and 7.3 times sales.

Post says Alphabet has a number of bullish catalysts in 2021, including accelerating search growth, Google Cloud customer wins, YouTube shopping opportunities and progress from Waymo, Calico and YouTube.

Post says long-term investors shouldn't sweat regulatory crackdowns.

Bank of America has a "buy" rating and a $2,440 price target for GOOGL stock.

Source: Yahoo Finance

[winston]

not vested

Google failed to kill a lawsuit alleging that it secretly scoops up troves of Internet data even if users browse in "Incognito" mode to keep their search activity private.

The consumers who filed the case as a class action alleged that even when they turn off data collection in Chrome, other Google tools used by websites end up amassing their personal information.

A federal judge on Friday (March 12) denied the Alphabet unit's initial request to throw out the case.

Source: Phillips

[winston]

not vested

Alphabet Added to Wedbush 'Best Ideas List' With Outperform Rating

A Wedbush analyst took over coverage of Alphabet with an outperform rating and a $2,953 price target.

by ROB LENIHAN

Analyst Ygal Arounian, who has a $2,953 price target on the shares, up from Wedbush's previous target of $2,470, said in a research note that he sees "a large market opportunity that we expect to have accelerated coming out of the pandemic."

"Alphabet is well positioned in a number of key areas across its businesses that we think can sustain overall growth in its core ad business [and] drive long-term sustainable top-line growth in its burgeoning Cloud business," he said.

This positioning, he added, will "also lead to improving margins in Cloud, which can materially improve Alphabet’s overall EBITDA and margins, well ahead of Street estimates in the coming years."

Arounian said the addressable markets in both digital advertising and cloud are large, and that while Google has been a leader in digital advertising for many years, "it has more recently become a leader in cloud services as well."

Arounian said digital advertising was the only format that grew in 2020 as the pandemic disrupted the ad market, and digital was the only one that really came back.

Earlier this month, the Supreme Court ruled in Alphabet's favor in a copyright dispute with fellow tech giant Oracle (ORCL) - Get Report.

In March, Stifel analyst Scott Devitt upgraded Alphabet to buy from hold and raised his price target to $2,350 from $2,025.

Source: TheStreet, Inc.

https://www.thestreet.com/investing/alp ... m%2BRating

[winston]

not vested

Google's results, showing a surge in ad sales related to travel and retail, offered a glimpse of online spending in a post-pandemic world: businesses are boosting digital marketing to capture a public eager to resume something resembling normal life again.

Google parent Alphabet said first-quarter revenue, excluding payments to distribution partners, came in at US$45.6 billion, pummeling Wall Street estimates.

The company also unveiled a big new share buyback, sending the stock up as much as 5.5 per cent to an intraday record high of US$2,416.98.

Source: Phillips