Alphabet Inc. (NASDAQ:GOOGL) had its price objective boosted by investment analysts at Axiom Securities from $990.00 to $1,000.00 in a report released on Monday. The brokerage presently has a “buy” rating on the stock. Axiom Securities’ price objective would indicate a potential upside of 24.89% from the stock’s current price.
Several other equities analysts also recently commented on GOOGL. Mizuho reiterated a “buy” rating and issued a $1,020.00 price objective (up from $1,010.00) on shares of Alphabet in a report on Sunday, July 31st. Bank of America Corp. reiterated a “buy” rating and issued a $960.00 price objective on shares of Alphabet in a report on Monday, September 26th. Macquarie reiterated an “outperform” rating on shares of Alphabet in a report on Tuesday, July 19th. Evercore ISI reiterated a “buy” rating and issued a $830.00 price objective on shares of Alphabet in a report on Tuesday, July 26th. Finally, JMP Securities upped their price objective on shares of Alphabet from $904.00 to $928.00 and gave the company a “market outperform” rating in a report on Friday, July 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating, forty-seven have issued a buy rating and one has assigned a strong buy rating to the company. Alphabet currently has a consensus rating of “Buy” and an average target price of $926.27.
Alphabet (NASDAQ:GOOGL) opened at 800.71 on Monday. The company’s 50-day moving average is $799.75 and its 200 day moving average is $759.77. The company has a market capitalization of $550.31 billion, a P/E ratio of 31.02 and a beta of 1.00. Alphabet has a one year low of $667.24 and a one year high of $819.06.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $8.04 by $0.38. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. Analysts predict that Alphabet will post $34.11 EPS for the current year.
A number of hedge funds have recently bought and sold shares of GOOGL. Advisory Services Network LLC boosted its position in shares of Alphabet by 1.8% in the third quarter. Advisory Services Network LLC now owns 2,230 shares of the company’s stock valued at $1,793,000 after buying an additional 40 shares during the period. Trust Co. of Oklahoma boosted its stake in Alphabet by 0.8% in the third quarter. Trust Co. of Oklahoma now owns 2,603 shares of the company’s stock worth $2,093,000 after buying an additional 21 shares during the last quarter. Catawba Capital Management VA acquired a new stake in Alphabet during the third quarter worth approximately $215,000. Pure Financial Advisors Inc. acquired a new stake in Alphabet during the third quarter worth approximately $231,000. Finally, Bremer Trust National Association boosted its stake in Alphabet by 90.9% in the third quarter. Bremer Trust National Association now owns 3,167 shares of the company’s stock worth $2,546,000 after buying an additional 1,508 shares during the last quarter. 34.12% of the stock is owned by institutional investors and hedge funds.
Alphabet Company Profile
Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.
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