Vetr upgraded shares of Alphabet Inc. (NASDAQ:GOOGL) from a buy rating to a strong-buy rating in a research note published on Tuesday, June 27th. They currently have $1,069.98 target price on the information services provider’s stock.
GOOGL has been the subject of a number of other reports. Instinet restated a buy rating and set a $925.00 price objective on shares of Alphabet in a research report on Tuesday, April 25th. BMO Capital Markets downgraded Alphabet from an outperform rating to a market perform rating and lowered their price objective for the stock from $1,005.00 to $880.00 in a research report on Tuesday, April 4th. Cantor Fitzgerald restated an overweight rating and set a $1,040.00 price objective on shares of Alphabet in a research report on Monday, March 13th. William Blair reaffirmed an outperform rating on shares of Alphabet in a research note on Friday, March 3rd. Finally, Jefferies Group LLC reissued a buy rating and issued a $1,200.00 price objective (up previously from $1,000.00) on shares of Alphabet in a research note on Friday, April 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-one have assigned a buy rating to the company. Alphabet currently has a consensus rating of Buy and a consensus target price of $1,018.89.
Alphabet (NASDAQ GOOGL) opened at 975.96 on Tuesday. The firm has a market cap of $675.12 billion, a price-to-earnings ratio of 32.98 and a beta of 1.00. Alphabet has a 52-week low of $734.64 and a 52-week high of $1,008.61. The stock has a 50 day moving average of $972.78 and a 200-day moving average of $880.30.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, April 27th. The information services provider reported $7.73 earnings per share for the quarter, beating the consensus estimate of $7.24 by $0.49. The business had revenue of $20.12 billion for the quarter, compared to analyst estimates of $19.65 billion. Alphabet had a return on equity of 15.16% and a net margin of 21.84%. During the same period last year, the firm posted $7.50 earnings per share. On average, analysts expect that Alphabet will post $34.03 EPS for the current year.
Large investors have recently bought and sold shares of the stock. Bessemer Group Inc. increased its position in shares of Alphabet by 8.1% in the fourth quarter. Bessemer Group Inc. now owns 10,977 shares of the information services provider’s stock worth $8,699,000 after buying an additional 820 shares during the period. National Planning Corp increased its position in Alphabet by 7.7% in the fourth quarter. National Planning Corp now owns 5,304 shares of the information services provider’s stock valued at $4,340,000 after buying an additional 379 shares during the period. Sicart Associates LLC bought a new position in Alphabet during the fourth quarter valued at $820,000. Linscomb & Williams Inc. increased its position in Alphabet by 1.9% in the fourth quarter. Linscomb & Williams Inc. now owns 1,738 shares of the information services provider’s stock valued at $1,377,000 after buying an additional 33 shares during the period. Finally, Tweedy Browne Co. LLC increased its position in Alphabet by 5.7% in the fourth quarter. Tweedy Browne Co. LLC now owns 134,110 shares of the information services provider’s stock valued at $106,275,000 after buying an additional 7,207 shares during the period. 34.33% of the stock is currently owned by institutional investors.
Alphabet Company Profile
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
To view Vetr’s full report, visit Vetr’s official website.
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