A number of other research analysts also recently weighed in on the company. JPMorgan Chase & Co. reiterated an overweight rating and set a $950.00 target price on shares of Alphabet in a report on Friday, September 9th. Wedbush downgraded Alphabet from a neutral rating to an underperform rating and upped their target price for the stock from $7.20 to $800.00 in a report on Tuesday, September 27th. Susquehanna reiterated a positive rating and set a $930.00 target price on shares of Alphabet in a report on Monday, July 18th. Jefferies Group reiterated a buy rating and set a $925.00 target price on shares of Alphabet in a report on Monday, July 18th. Finally, Vetr downgraded Alphabet from a strong-buy rating to a buy rating and set a $803.74 target price on the stock. in a report on Monday, July 11th. One equities 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 issued a strong buy rating to the company. Alphabet currently has an average rating of Buy and a consensus target price of $926.50.
Shares of Alphabet (NASDAQ:GOOGL) traded down 1.441% during mid-day trading on Wednesday, hitting $800.075. The company had a trading volume of 618,272 shares. The company’s 50-day moving average is $800.96 and its 200 day moving average is $760.94. Alphabet has a one year low of $670.70 and a one year high of $819.86. The company has a market capitalization of $549.87 billion, a PE ratio of 31.000 and a beta of 1.00.
Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, July 28th. The company reported $8.42 earnings per share for the quarter, topping analysts’ consensus estimates of $8.04 by $0.38. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. On average, equities research analysts forecast that Alphabet will post $34.11 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Bank of Montreal Can purchased a new stake in shares of Alphabet during the second quarter valued at about $761,801,000. Emerald Acquisition Ltd. purchased a new stake in shares of Alphabet during the second quarter valued at about $400,022,000. Boston Partners increased its stake in shares of Alphabet by 150.0% in the second quarter. Boston Partners now owns 810,490 shares of the company’s stock valued at $570,204,000 after buying an additional 486,266 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Alphabet by 2.1% in the second quarter. Vanguard Group Inc. now owns 18,198,649 shares of the company’s stock valued at $12,803,295,000 after buying an additional 375,941 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Alphabet by 59.7% in the second quarter. Canada Pension Plan Investment Board now owns 874,328 shares of the company’s stock valued at $615,116,000 after buying an additional 326,759 shares during the last quarter. 34.12% of the stock is owned by institutional investors and hedge funds.
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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