Alphabet Inc. (NASDAQ:GOOGL)‘s stock had its “outperform” rating reissued by research analysts at Robert W. Baird in a research report issued to clients and investors on Wednesday. They currently have a $900.00 price objective on the stock. Robert W. Baird’s price target suggests a potential upside of 12.33% from the company’s previous close.
GOOGL has been the subject of a number of other reports. Morgan Stanley reaffirmed a “buy” rating and issued a $880.00 price target on shares of Alphabet in a research note on Thursday, September 29th. Jefferies Group reaffirmed a “buy” rating and issued a $1,000.00 price target on shares of Alphabet in a research note on Monday. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $838.19 price target for the company in a research note on Monday, August 22nd. Bank of America Corp. reaffirmed a “buy” rating and issued a $960.00 price target on shares of Alphabet in a research note on Wednesday, August 31st. Finally, Royal Bank Of Canada boosted their target price on shares of Alphabet from $1,000.00 to $1,025.00 and gave the stock an “outperform” rating in a report on Friday, September 30th. One 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 stock. The company presently has an average rating of “Buy” and an average price target of $926.06.
Shares of Alphabet (NASDAQ:GOOGL) traded down 0.19% during mid-day trading on Wednesday, reaching $801.23. 1,213,171 shares of the company were exchanged. The company’s 50 day moving average price is $799.87 and its 200 day moving average price is $758.88. The firm has a market capitalization of $550.66 billion, a PE ratio of 31.04 and a beta of 1.00. Alphabet has a 12 month low of $654.49 and a 12 month high of $819.06.
Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.04 by $0.38. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. Equities analysts anticipate that Alphabet will post $34.26 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in Alphabet by 97.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 146 shares of the company’s stock worth $102,000 after buying an additional 72 shares during the period. Archford Capital Strategies LLC increased its position in shares of Alphabet by 29.8% in the second quarter. Archford Capital Strategies LLC now owns 148 shares of the company’s stock valued at $104,000 after buying an additional 34 shares during the last quarter. Roble Belko & Company Inc increased its position in shares of Alphabet by 294.9% in the second quarter. Roble Belko & Company Inc now owns 154 shares of the company’s stock valued at $108,000 after buying an additional 115 shares during the last quarter. MCF Advisors LLC increased its position in shares of Alphabet by 1.9% in the second quarter. MCF Advisors LLC now owns 159 shares of the company’s stock valued at $112,000 after buying an additional 3 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd acquired a new position in shares of Alphabet during the second quarter valued at approximately $117,000. 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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