Alphabet Inc. (NASDAQ:GOOGL)‘s stock had its “hold” rating restated by investment analysts at Pivotal Research in a research note issued to investors on Monday. They presently have a $980.00 target price on the information services provider’s stock, down from their previous target price of $990.00. Pivotal Research’s price target would indicate a potential upside of 0.32% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $939.00 target price for the company in a research note on Wednesday, March 29th. UBS AG reissued a “buy” rating and set a $980.00 price target on shares of Alphabet in a research report on Monday, March 27th. Nomura reduced their price target on shares of Alphabet from $950.00 to $925.00 and set a “buy” rating for the company in a research report on Monday, March 27th. Instinet reduced their price target on shares of Alphabet from $950.00 to $925.00 and set a “buy” rating for the company in a research report on Monday, March 27th. Finally, Bank of America Corporation reissued a “buy” rating and set a $1,025.00 price target on shares of Alphabet in a research report on Thursday, March 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and forty-one have issued a buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and a consensus target price of $1,016.39.

Alphabet (NASDAQ GOOGL) opened at 976.91 on Monday. The stock’s 50 day moving average is $972.78 and its 200 day moving average is $880.30. Alphabet has a 12-month low of $734.64 and a 12-month high of $1,008.61. The stock has a market capitalization of $675.78 billion, a PE ratio of 33.01 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, April 27th. The information services provider reported $7.73 EPS for the quarter, topping analysts’ consensus estimates of $7.24 by $0.49. The company had revenue of $20.12 billion during the quarter, compared to analysts’ expectations of $19.65 billion. Alphabet had a net margin of 21.84% and a return on equity of 15.16%. During the same period last year, the business earned $7.50 EPS. Equities analysts anticipate that Alphabet will post $34.01 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Alphabet Inc. (GOOGL) Receives Hold Rating from Pivotal Research” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://www.americanbankingnews.com/2017/07/17/alphabet-inc-googl-receives-hold-rating-from-pivotal-research.html.

Large investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in Alphabet during the fourth quarter valued at $2,411,505,000. Glenview Capital Management LLC purchased a new stake in Alphabet during the fourth quarter valued at $605,119,000. Asset Management One Co. Ltd. increased its stake in Alphabet by 1,116.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 554,276 shares of the information services provider’s stock valued at $439,667,000 after buying an additional 508,715 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Alphabet during the fourth quarter valued at $341,958,000. Finally, Dodge & Cox purchased a new stake in Alphabet during the fourth quarter valued at $260,940,000. 34.33% of the stock is owned by institutional investors and hedge funds.

About Alphabet

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.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.