Alphabet (NASDAQ:GOOGL) had its price target reduced by equities researchers at SunTrust Banks from $1,250.00 to $1,180.00 in a research note issued on Monday. SunTrust Banks’ price objective would indicate a potential upside of 4.36% from the stock’s current price. SunTrust Banks also issued estimates for Alphabet’s FY2022 earnings at $86.37 EPS.
Other analysts have also recently issued reports about the stock. Stifel Nicolaus restated a “buy” rating and set a $1,150.00 target price (up from $1,075.00) on shares of Alphabet in a research report on Tuesday, October 24th. Cantor Fitzgerald restated a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Tuesday, October 24th. Vetr raised shares of Alphabet from a “sell” rating to a “hold” rating and set a $1,027.27 price objective on the stock in a research report on Monday, November 6th. B. Riley reissued a “buy” rating and issued a $1,050.00 price objective on shares of Alphabet in a research report on Monday, September 25th. Finally, Barclays reissued a “buy” rating and issued a $1,260.00 price objective on shares of Alphabet in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. Alphabet presently has a consensus rating of “Buy” and an average target price of $1,098.50.
Shares of Alphabet (NASDAQ:GOOGL) opened at $1,130.65 on Monday. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. The stock has a market cap of $782,650.00, a PE ratio of 37.66, a PEG ratio of 1.48 and a beta of 0.90. Alphabet has a 1 year low of $812.05 and a 1 year high of $1,131.30.
A number of institutional investors and hedge funds have recently made changes to their positions in GOOGL. State of Alaska Department of Revenue acquired a new stake in shares of Alphabet during the second quarter worth $102,000. Parkside Financial Bank & Trust raised its holdings in shares of Alphabet by 39.6% during the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after purchasing an additional 36 shares during the last quarter. Odey Holdings AG raised its holdings in shares of Alphabet by 18.2% during the second quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after purchasing an additional 20 shares during the last quarter. Stelac Advisory Services LLC purchased a new position in shares of Alphabet during the third quarter worth $126,000. Finally, Lloyds Banking Group plc purchased a new position in shares of Alphabet during the second quarter worth $133,000. Institutional investors own 33.57% of the company’s stock.
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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.
