Other analysts have also issued research reports about the company. Pacific Crest reaffirmed a buy rating on shares of Alphabet in a report on Wednesday, June 22nd. Evercore ISI reaffirmed a buy rating and issued a $830.00 target price (down previously from $950.00) on shares of Alphabet in a report on Thursday, June 23rd. Citigroup Inc. reaffirmed a buy rating and issued a $900.00 target price on shares of Alphabet in a report on Friday, June 17th. Vetr lowered Alphabet from a strong-buy rating to a buy rating and set a $815.96 price objective on the stock. in a report on Wednesday, June 15th. Finally, Goldman Sachs Group Inc. reissued a buy rating on shares of Alphabet in a report on Monday, June 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, forty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. Alphabet has an average rating of Buy and a consensus price target of $926.27.
Shares of Alphabet (NASDAQ:GOOGL) opened at 809.57 on Friday. Alphabet has a 12 month low of $670.70 and a 12 month high of $819.86. The firm has a 50-day moving average price of $800.52 and a 200 day moving average price of $760.57. The firm has a market capitalization of $556.40 billion, a price-to-earnings ratio of 31.37 and a beta of 1.00.
Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, beating 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, analysts anticipate that Alphabet will post $34.11 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Country Trust Bank increased its stake in shares of Alphabet by 14.8% in the first quarter. Country Trust Bank now owns 47,067 shares of the company’s stock worth $35,907,000 after buying an additional 6,070 shares in the last quarter. Sigma Planning Corp increased its stake in shares of Alphabet by 5.7% in the first quarter. Sigma Planning Corp now owns 3,120 shares of the company’s stock worth $2,381,000 after buying an additional 169 shares in the last quarter. Traynor Capital Management Inc. increased its stake in shares of Alphabet by 2.1% in the first quarter. Traynor Capital Management Inc. now owns 6,910 shares of the company’s stock worth $5,271,000 after buying an additional 141 shares in the last quarter. V Wealth Management LLC acquired a new stake in shares of Alphabet during the first quarter worth $2,026,000. Finally, Howard Capital Management increased its stake in shares of Alphabet by 1.3% in the first quarter. Howard Capital Management now owns 15,157 shares of the company’s stock worth $11,563,000 after buying an additional 190 shares in the last quarter. 34.12% of the stock is currently owned by hedge funds and other institutional investors.
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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