Shares of Alphabet Inc (NASDAQ:GOOGL) have been assigned a consensus rating of “Buy” from the forty-eight ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, thirty-nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $1,088.94.

Several brokerages have issued reports on GOOGL. Bank of America reaffirmed a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a report on Tuesday, September 26th. B. Riley reaffirmed a “buy” rating and set a $1,050.00 price target on shares of Alphabet in a report on Monday, September 25th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $1,250.00 price target on shares of Alphabet in a report on Wednesday, September 27th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a report on Thursday, September 21st. Finally, Susquehanna Bancshares reaffirmed a “positive” rating and set a $1,200.00 price target on shares of Alphabet in a report on Thursday, September 21st.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Koch Industries Inc. grew its position in Alphabet by 181,219.4% in the second quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider’s stock valued at $1,085,000 after acquiring an additional 1,085,504 shares during the last quarter. Harbour Capital Advisors LLC grew its position in Alphabet by 65,026.4% in the second quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock valued at $800,000 after acquiring an additional 742,602 shares during the last quarter. Vanguard Group Inc. grew its position in Alphabet by 3.3% in the second quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock valued at $19,123,960,000 after acquiring an additional 662,279 shares during the last quarter. BlackRock Inc. grew its position in Alphabet by 3.1% in the second quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock valued at $17,323,595,000 after acquiring an additional 567,337 shares during the last quarter. Finally, FMR LLC grew its position in Alphabet by 2.1% in the second quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock valued at $16,406,366,000 after acquiring an additional 367,634 shares during the last quarter. Institutional investors own 33.62% of the company’s stock.

Alphabet (NASDAQ:GOOGL) traded up $14.53 during midday trading on Monday, hitting $1,072.00. The stock had a trading volume of 3,187,900 shares, compared to its average volume of 1,633,083. The firm has a market cap of $744,826.69, a P/E ratio of 35.89, a PEG ratio of 1.80 and a beta of 0.89. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. Alphabet has a 12 month low of $789.62 and a 12 month high of $1,080.00.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the consensus estimate of $8.43 by $1.14. The company had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same quarter in the prior year, the firm posted $9.06 EPS. equities analysts predict that Alphabet will post 32.34 EPS for the current fiscal year.

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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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