Alphabet Inc. (GOOGL) Earns Buy Rating from Deutsche Bank AG
Alphabet Inc. (NASDAQ:GOOGL)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank AG in a research report issued on Wednesday. They currently have a $1,050.00 price objective on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 29.35% from the company’s previous close.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $907.00 price target on the stock in a report on Wednesday. Axiom Securities boosted their target price on shares of Alphabet from $990.00 to $1,000.00 and gave the company a “buy” rating in a research note on Monday. Raymond James Financial Inc. reissued an “outperform” rating on shares of Alphabet in a research note on Friday, October 7th. Needham & Company LLC reissued a “buy” rating and set a $900.00 target price on shares of Alphabet in a research note on Friday, October 7th. Finally, Robert W. Baird reissued an “outperform” rating and set a $900.00 target price on shares of Alphabet in a research note on Wednesday, October 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, forty-seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $926.50.
Alphabet (NASDAQ:GOOGL) traded up 0.27% during trading on Wednesday, reaching $811.77. The company’s stock had a trading volume of 905,703 shares. The firm has a market capitalization of $557.91 billion, a P/E ratio of 31.45 and a beta of 1.00. The firm has a 50-day moving average price of $800.52 and a 200-day moving average price of $760.57. Alphabet has a 52 week low of $670.70 and a 52 week high of $819.86.
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Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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, equities analysts anticipate that Alphabet will post $34.11 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Nicolet Bankshares Inc. increased its position in shares of Alphabet by 0.3% in the first quarter. Nicolet Bankshares Inc. now owns 623 shares of the company’s stock worth $475,000 after buying an additional 2 shares during the period. Park National Corp OH increased its position in shares of Alphabet by 0.3% in the third quarter. Park National Corp OH now owns 742 shares of the company’s stock worth $597,000 after buying an additional 2 shares during the period. Integrated Investment Consultants LLC increased its position in shares of Alphabet by 0.8% in the first quarter. Integrated Investment Consultants LLC now owns 365 shares of the company’s stock worth $277,000 after buying an additional 3 shares during the period. Cohen Lawrence B increased its position in shares of Alphabet by 0.9% in the first quarter. Cohen Lawrence B now owns 344 shares of the company’s stock worth $262,000 after buying an additional 3 shares during the period. Finally, 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 worth $112,000 after buying an additional 3 shares during the period. Hedge funds and other institutional investors own 34.12% of the company’s stock.
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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