Credit Suisse Group AG reaffirmed their outperform rating on shares of Alphabet Inc. (NASDAQ:GOOGL) in a research report sent to investors on Monday. The firm currently has a $1,070.00 price objective on the stock, up from their previous price objective of $940.00.
Several other equities analysts have also recently weighed in on the stock. Goldman Sachs Group Inc. dropped their price target on shares of Alphabet from $850.00 to $810.00 and set a buy rating on the stock in a research report on Wednesday, June 29th. Axiom Securities reissued a buy rating and set a $970.00 target price (down previously from $1,001.00) on shares of Alphabet in a research report on Wednesday, June 29th. Pacific Crest reissued a buy rating on shares of Alphabet in a research report on Wednesday, June 22nd. Evercore ISI reissued a buy rating and set a $830.00 target price (down previously from $950.00) on shares of Alphabet in a research report on Thursday, June 23rd. Finally, Needham & Company LLC reissued a buy rating on shares of Alphabet in a research report on Monday, June 27th. One investment 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 given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $929.27.
Alphabet (NASDAQ:GOOGL) traded up 1.35% during mid-day trading on Monday, reaching $817.76. The company had a trading volume of 373,819 shares. The company has a market capitalization of $562.02 billion, a P/E ratio of 31.69 and a beta of 1.00. Alphabet has a one year low of $670.70 and a one year high of $819.86. The stock has a 50 day moving average price of $802.03 and a 200 day moving average price of $761.84.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, July 28th. The company reported $8.42 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 analysts expect that Alphabet will post $34.11 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST raised its stake in shares of Alphabet by 5.9% in the first quarter. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST now owns 180,000 shares of the company’s stock worth $134,091,000 after buying an additional 10,000 shares during the last quarter. Mn Services Vermogensbeheer B.V. bought a new stake in shares of Alphabet during the first quarter worth $4,889,000. Cryder Capital Partners LLP increased its position in Alphabet by 12.9% in the first quarter. Cryder Capital Partners LLP now owns 10,990 shares of the company’s stock worth $8,384,000 after buying an additional 1,256 shares during the period. Aperio Group LLC increased its position in Alphabet by 5.9% in the first quarter. Aperio Group LLC now owns 157,385 shares of the company’s stock worth $120,069,000 after buying an additional 8,814 shares during the period. Finally, Commonwealth Equity Services Inc increased its position in Alphabet by 9.0% in the first quarter. Commonwealth Equity Services Inc now owns 39,588 shares of the company’s stock worth $30,201,000 after buying an additional 3,275 shares during the period. Institutional investors own 34.15% of the company’s stock.
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.
Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.