GOOG going strong despite low Ad sales

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Shares of Alphabet Inc (NASDAQ: GOOGL) stock opened at $1,257.43 on Friday. The firm has a market capitalization of $864.12 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.37 and a quick ratio of 3.35. The business has a fifty day moving average of $1,201.57 and a 200 day moving average of $1,313.81. Alphabet Inc has a 1 year low of $1,008.87 and a 1 year high of $1,530.74.

Empirical Finance LLC raised its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 54.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,719 shares of the information services provider’s stock after purchasing an additional 606 shares during the period. Alphabet accounts for about 0.6% of Empirical Finance LLC’s portfolio, making the stock its 25th biggest position. Empirical Finance LLC’s holdings in Alphabet were worth $1,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Many big companies such as Expedia (EXPE) announced that they will cut its digital Ad spending, even up to 80%. The biggest GOOG advertisers are Booking abd Expedia, two travel stocks that are in big trouble since the start of Coronavirus pandemic.

Even though Google (Alphabet) is a safe from the strong winds of COVID-19 disaster and many investors bought the shares when the price was in its 52 week low in March.