Jefferies Financial Group reaffirmed their buy rating on shares of Alphabet (NASDAQ:GOOG) in a research note issued to investors on Monday morning, Borsen Zeitung reports. Jefferies Financial Group also issued estimates for Alphabet’s FY2022 earnings at $71.11 EPS.
Several other research analysts have also recently issued reports on GOOG. Robert W. Baird upped their price target on Alphabet from $1,675.00 to $1,725.00 in a report on Friday, October 30th. Zacks Investment Research raised Alphabet from a hold rating to a buy rating and set a $1,970.00 price target on the stock in a report on Wednesday, December 30th. Deutsche Bank Aktiengesellschaft upped their price target on Alphabet from $2,020.00 to $2,250.00 and gave the company a buy rating in a report on Friday, October 30th. Canaccord Genuity upped their price target on Alphabet from $1,800.00 to $1,900.00 and gave the company a buy rating in a report on Monday, November 2nd. Finally, Raymond James lifted their price objective on shares of Alphabet from $1,700.00 to $1,800.00 and gave the stock an outperform rating in a research report on Friday, October 30th. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Alphabet has a consensus rating of Buy and an average target price of $1,843.00.
Shares of NASDAQ:GOOG opened at $1,754.40 on Monday. Alphabet has a 12 month low of $1,013.54 and a 12 month high of $1,847.20. The stock has a market cap of $1.19 trillion, a price-to-earnings ratio of 33.90, a PEG ratio of 2.04 and a beta of 0.98. The stock’s 50 day moving average price is $1,770.41 and its 200 day moving average price is $1,613.69. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.41 and a quick ratio of 3.39.
Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, November 3rd. The information services provider reported $16.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $11.35 by $5.05. Alphabet had a return on equity of 17.31% and a net margin of 20.80%. The firm had revenue of $46.17 billion for the quarter, compared to analysts’ expectations of $42.84 billion. During the same quarter in the previous year, the company earned $10.12 earnings per share. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. On average, sell-side analysts expect that Alphabet will post 51.54 EPS for the current year.
In related news, Director Ann Mather sold 20 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $1,628.16, for a total transaction of $32,563.20. Following the completion of the sale, the director now directly owns 1,139 shares in the company, valued at $1,854,474.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Philipp Schindler sold 1,385 shares of the firm’s stock in a transaction dated Wednesday, December 30th. The stock was sold at an average price of $1,762.01, for a total transaction of $2,440,383.85. Following the sale, the senior vice president now owns 19,950 shares of the company’s stock, valued at $35,152,099.50. The disclosure for this sale can be found here. Insiders sold 1,564 shares of company stock valued at $2,756,038 over the last quarter. Company insiders own 12.99% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Wimmer Associates 1 LLC raised its stake in Alphabet by 25.0% in the 3rd quarter. Wimmer Associates 1 LLC now owns 1,456 shares of the information services provider’s stock valued at $2,139,000 after purchasing an additional 291 shares during the last quarter. Jefferies Group LLC boosted its stake in Alphabet by 691.1% in the 3rd quarter. Jefferies Group LLC now owns 3,639 shares of the information services provider’s stock valued at $5,348,000 after buying an additional 3,179 shares in the last quarter. Modus Advisors LLC boosted its stake in Alphabet by 5.9% in the 4th quarter. Modus Advisors LLC now owns 1,636 shares of the information services provider’s stock valued at $2,866,000 after buying an additional 91 shares in the last quarter. Sowell Financial Services LLC boosted its stake in Alphabet by 2.7% in the 4th quarter. Sowell Financial Services LLC now owns 3,352 shares of the information services provider’s stock valued at $5,872,000 after buying an additional 89 shares in the last quarter. Finally, Peapack Gladstone Financial Corp boosted its stake in Alphabet by 0.5% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 22,292 shares of the information services provider’s stock valued at $32,760,000 after buying an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 29.94% of the company’s stock.
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.
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