Robert W. Baird reissued their buy rating on shares of Alphabet (NASDAQ:GOOGL) in a research note released on Tuesday, January 2nd. Robert W. Baird currently has a $1,150.00 target price on the information services provider’s stock.
Several other equities analysts have also issued reports on the company. Goldman Sachs Group raised their price target on Alphabet from $1,125.00 to $1,175.00 in a research report on Friday, October 27th. UBS Group restated a buy rating and set a $1,080.00 price target on shares of Alphabet in a research report on Friday, September 8th. SunTrust Banks restated a buy rating and set a $1,100.00 price target on shares of Alphabet in a research report on Thursday, September 7th. Citigroup restated a buy rating and set a $1,180.00 price target on shares of Alphabet in a research report on Wednesday, September 20th. Finally, Bank of America restated a buy rating and set a $1,100.00 price target on shares of Alphabet in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Alphabet has a consensus rating of Buy and an average target price of $1,100.06.
Shares of Alphabet (GOOGL) traded up $14.86 during trading on Tuesday, hitting $1,126.91. The stock had a trading volume of 1,090,907 shares, compared to its average volume of 1,337,400. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The company has a market cap of $780,370.00, a price-to-earnings ratio of 37.54, a PEG ratio of 1.45 and a beta of 0.90. Alphabet has a 12-month low of $812.05 and a 12-month high of $1,119.16.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the consensus estimate of $8.43 by $1.14. The firm had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same period in the prior year, the company earned $9.06 EPS. analysts expect that Alphabet will post 32.34 EPS for the current year.
Several hedge funds have recently bought and sold shares of GOOGL. State of Alaska Department of Revenue bought a new stake in shares of Alphabet in the second quarter worth $102,000. Parkside Financial Bank & Trust grew its holdings in shares of Alphabet by 39.6% in the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after acquiring an additional 36 shares during the period. Odey Holdings AG grew its holdings in shares of Alphabet by 18.2% in the second quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after acquiring an additional 20 shares during the period. Stelac Advisory Services LLC bought a new stake in shares of Alphabet in the third quarter worth $126,000. Finally, Farmers National Bank grew its holdings in shares of Alphabet by 2.7% in the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock worth $127,000 after acquiring an additional 4 shares during the period. Hedge funds and other institutional investors own 33.55% of the company’s stock.
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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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