Alphabet Inc. (NASDAQ:GOOGL)‘s stock had its “buy” rating reiterated by equities researchers at UBS AG in a report issued on Friday, www.tipranks.com reports.

A number of other analysts also recently commented on GOOGL. B. Riley reiterated a “buy” rating and set a $1,050.00 target price on shares of Alphabet in a research report on Sunday, July 30th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $1,100.00 price target on shares of Alphabet in a report on Thursday. Robert W. Baird reissued an “outperform” rating and issued a $1,100.00 price target on shares of Alphabet in a report on Saturday, August 26th. Cowen and Company reissued an “outperform” rating and issued a $1,075.00 price target on shares of Alphabet in a report on Thursday, August 10th. Finally, KeyCorp reissued an “overweight” rating and issued a $1,100.00 price target on shares of Alphabet in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $1,053.45.

Shares of Alphabet (NASDAQ:GOOGL) traded down 0.89% on Friday, hitting $941.41. The stock had a trading volume of 999,825 shares. Alphabet has a one year low of $743.59 and a one year high of $1,008.61. The company has a market cap of $652.28 billion, a price-to-earnings ratio of 34.12 and a beta of 0.98. The firm’s 50-day moving average is $946.67 and its 200-day moving average is $922.99.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $8.25 by $3.24. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The business had revenue of $20.92 billion during the quarter, compared to analysts’ expectations of $20.83 billion. During the same quarter last year, the firm earned $8.42 earnings per share. On average, analysts expect that Alphabet will post $30.59 EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new stake in shares of Alphabet during the 2nd quarter worth approximately $102,000. Franklin Parlapiano Turner & Welch LLC acquired a new stake in shares of Alphabet during the 1st quarter worth approximately $108,000. Delta Asset Management LLC TN boosted its position in shares of Alphabet by 1.5% during the 1st quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock worth $116,000 after acquiring an additional 2 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Alphabet by 39.6% during the 2nd 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 in the last quarter. Finally, Odey Holdings AG boosted its position in shares of Alphabet by 18.2% during the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after acquiring an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 33.88% of the company’s stock.

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)

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