Alphabet Inc. (NASDAQ:GOOGL) shares reached a new 52-week high on Thursday . The company traded as high as $1,010.10 and last traded at $1,010.58, with a volume of 966,296 shares traded. The stock had previously closed at $1,005.65.
A number of research analysts have recently commented on GOOGL shares. Credit Suisse Group reaffirmed an “outperform” rating on shares of Alphabet in a research report on Wednesday. Jefferies Group LLC reaffirmed a “buy” rating and set a $1,200.00 price objective on shares of Alphabet in a research report on Tuesday. They noted that the move was a valuation call. Royal Bank Of Canada reaffirmed a “buy” rating and set a $1,050.00 price objective on shares of Alphabet in a research report on Sunday. Vetr lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price objective for the company. in a research report on Friday, October 6th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and set a $1,250.00 price objective on shares of Alphabet in a research report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $1,058.31.
The company has a market cap of $697.16 billion, a price-to-earnings ratio of 36.47 and a beta of 0.96. The company has a 50 day moving average price of $953.18 and a 200 day moving average price of $940.96.
Alphabet (NASDAQ:GOOGL) last released its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $8.25 by ($3.24). Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The company had revenue of $20.92 billion for the quarter, compared to analyst estimates of $20.83 billion. During the same quarter in the previous year, the firm earned $8.42 EPS. Equities research analysts predict that Alphabet Inc. will post $30.59 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new position in Alphabet during the second quarter worth $102,000. Franklin Parlapiano Turner & Welch LLC acquired a new position in Alphabet during the first quarter worth $108,000. Delta Asset Management LLC TN raised its holdings in Alphabet by 1.5% during the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock worth $116,000 after buying an additional 2 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Alphabet by 39.6% during the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after buying an additional 36 shares during the last quarter. Finally, Odey Holdings AG raised its holdings in Alphabet by 18.2% during the second quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 33.85% of the company’s stock.
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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.
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