Alphabet Inc. (NASDAQ:GOOGL) has received a consensus rating of “Buy” from the fifty-one analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, forty-two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $1,053.46.

A number of brokerages have recently weighed in on GOOGL. UBS AG reaffirmed a “buy” rating and issued a $1,050.00 price objective on shares of Alphabet in a research note on Monday, May 15th. B. Riley reiterated a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a report on Sunday, July 30th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a report on Thursday. Robert W. Baird reiterated an “outperform” rating and issued a $1,100.00 target price on shares of Alphabet in a report on Saturday, August 26th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $1,075.00 price target on shares of Alphabet in a report on Thursday, August 10th.

Alphabet (GOOGL) traded down 0.89% during mid-day trading on Friday, reaching $941.41. The company’s stock had a trading volume of 999,916 shares. Alphabet has a 12-month low of $743.59 and a 12-month high of $1,008.61. The company has a market cap of $652.28 billion, a PE ratio of 34.12 and a beta of 0.98. The firm’s 50 day moving average is $945.22 and its 200-day moving average is $923.12.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the 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 company had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. During the same period in the prior year, the business posted $8.42 EPS. Equities analysts anticipate that Alphabet will post $30.59 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in the stock. Pure Financial Advisors Inc. increased its position in Alphabet by 0.4% during the second quarter. Pure Financial Advisors Inc. now owns 278 shares of the information services provider’s stock worth $258,000 after acquiring an additional 1 shares during the period. Delta Asset Management LLC TN increased its position in Alphabet by 1.5% during the first 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 during the period. Baystate Wealth Management LLC increased its position in Alphabet by 0.7% during the second quarter. Baystate Wealth Management LLC now owns 295 shares of the information services provider’s stock worth $288,000 after acquiring an additional 2 shares during the period. First Bank & Trust increased its position in Alphabet by 0.3% during the second quarter. First Bank & Trust now owns 764 shares of the information services provider’s stock worth $710,000 after acquiring an additional 2 shares during the period. Finally, Fort Pitt Capital Group LLC increased its position in Alphabet by 0.3% during the second quarter. Fort Pitt Capital Group LLC now owns 723 shares of the information services provider’s stock worth $672,000 after acquiring an additional 2 shares during the period. 33.88% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Company Profile

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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