Alphabet (NASDAQ:GOOGL) had its price objective lifted by stock analysts at Cowen from $1,150.00 to $1,230.00 in a report issued on Thursday, January 4th. The firm presently has an “outperform” rating on the information services provider’s stock. Cowen’s price target suggests a potential upside of 10.61% from the company’s current price.
Other equities research analysts also recently issued research reports about the company. Robert W. Baird reissued a “buy” rating and issued a $1,150.00 target price on shares of Alphabet in a report on Tuesday, January 2nd. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $1,120.76 target price for the company in a report on Tuesday, December 26th. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,199.00 target price for the company in a report on Tuesday, December 26th. Evercore ISI initiated coverage on Alphabet in a research note on Tuesday, December 5th. They set an “outperform” rating for the company. Finally, Citigroup reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $1,100.06.
Shares of Alphabet (NASDAQ:GOOGL) traded up $1.91 on Thursday, hitting $1,112.05. 1,121,200 shares of the stock were exchanged, compared to its average volume of 1,337,400. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $781,190.00, a price-to-earnings ratio of 37.04, a PEG ratio of 1.45 and a beta of 0.90. Alphabet has a twelve month low of $812.05 and a twelve month high of $1,119.16.
Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. During the same period last year, the firm posted $9.06 earnings per share. analysts expect that Alphabet will post 32.34 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new position in shares of Alphabet in the 2nd quarter valued at approximately $102,000. Parkside Financial Bank & Trust raised its position in shares of Alphabet by 39.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after purchasing an additional 36 shares in the last quarter. Odey Holdings AG raised its position in shares of Alphabet by 18.2% in the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock valued at $121,000 after purchasing an additional 20 shares in the last quarter. Stelac Advisory Services LLC acquired a new position in shares of Alphabet in the 3rd quarter valued at approximately $126,000. Finally, Farmers National Bank raised its position in shares of Alphabet by 2.7% in the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after purchasing an additional 4 shares in the last quarter. 33.55% of the stock is currently owned by hedge funds and other institutional investors.
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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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