Alphabet Inc (NASDAQ:GOOGL)‘s stock had its “overweight” rating reiterated by stock analysts at Morgan Stanley in a research report issued on Saturday. They presently have a $1,000.00 target price on the stock. Morgan Stanley’s price target suggests a potential upside of 19.74% from the stock’s current price.
Several other research analysts have also recently commented on the company. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $1,040.00 target price on shares of Alphabet in a research report on Sunday, December 4th. Canaccord Genuity reduced their target price on Alphabet from $950.00 to $925.00 and set a “buy” rating for the company in a research report on Thursday, December 1st. Vetr cut Alphabet from a “strong-buy” rating to a “buy” rating and set a $873.83 target price for the company. in a research report on Wednesday, December 7th. Goldman Sachs Group Inc reaffirmed a “buy” rating and issued a $970.00 target price on shares of Alphabet in a research report on Thursday, December 29th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $1,000.00 target price on shares of Alphabet in a research report on Friday, December 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-nine 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 $966.66.
Alphabet (NASDAQ:GOOGL) traded down 0.54% during trading on Friday, hitting $835.14. 2,105,682 shares of the stock traded hands. The stock has a market cap of $577.43 billion, a PE ratio of 29.96 and a beta of 0.98. Alphabet has a one year low of $672.66 and a one year high of $874.42. The company has a 50-day moving average price of $847.88 and a 200 day moving average price of $816.83.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, January 26th. The company reported $9.36 earnings per share for the quarter, missing the consensus estimate of $9.64 by $0.28. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. During the same period in the prior year, the firm earned $8.67 earnings per share. Analysts expect that Alphabet will post $33.39 earnings per share for the current year.
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Institutional investors have recently modified their holdings of the company. Liberty Capital Management Inc. bought a new position in shares of Alphabet during the third quarter worth about $3,044,000. Atalanta Sosnoff Capital LLC boosted its position in Alphabet by 1.4% in the third quarter. Atalanta Sosnoff Capital LLC now owns 150,641 shares of the company’s stock valued at $121,124,000 after buying an additional 2,050 shares during the period. Independence Advisors LLC boosted its position in Alphabet by 0.5% in the third quarter. Independence Advisors LLC now owns 618 shares of the company’s stock valued at $497,000 after buying an additional 3 shares during the period. First American Bank boosted its position in Alphabet by 5.5% in the third quarter. First American Bank now owns 13,161 shares of the company’s stock valued at $10,582,000 after buying an additional 692 shares during the period. Finally, Bremer Trust National Association boosted its position in Alphabet by 90.9% in the third quarter. Bremer Trust National Association now owns 3,167 shares of the company’s stock valued at $2,546,000 after buying an additional 1,508 shares during the period. Hedge funds and other institutional investors own 34.98% of the company’s stock.
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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