Alphabet Inc. (NASDAQ:GOOGL) – Jefferies Group raised their FY2017 earnings estimates for shares of Alphabet in a report issued on Friday. Jefferies Group analyst B. Thill now forecasts that the information services provider will earn $32.28 per share for the year, up from their prior estimate of $31.12. Jefferies Group currently has a “Buy” rating and a $1,200.00 price objective on the stock. Jefferies Group also issued estimates for Alphabet’s Q1 2018 earnings at $9.41 EPS and Q4 2018 earnings at $11.71 EPS.
Other equities analysts have also recently issued reports about the company. B. Riley reissued a “buy” rating and set a $1,050.00 price objective on shares of Alphabet in a report on Sunday, July 30th. MKM Partners reissued a “buy” rating and set a $1,210.00 price objective (up from $1,170.00) on shares of Alphabet in a report on Thursday, August 10th. Cowen and Company reissued an “outperform” rating and set a $1,075.00 price objective on shares of Alphabet in a report on Thursday, August 10th. Stifel Nicolaus raised their price objective on Alphabet from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a report on Monday. Finally, Vetr cut Alphabet from a “hold” rating to a “sell” rating and set a $988.59 price objective on the stock. in a report on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company. Alphabet has an average rating of “Buy” and a consensus price target of $1,087.02.
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Shares of Alphabet (GOOGL) opened at 1033.13 on Monday. Alphabet has a 12-month low of $743.59 and a 12-month high of $1,063.62. The company has a market capitalization of $715.83 billion, a PE ratio of 37.44 and a beta of 0.96. The stock’s 50 day moving average price is $976.09 and its 200 day moving average price is $956.78.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $8.43 by $1.14. The company had revenue of $22.27 billion for the quarter, compared to analysts’ expectations of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same period in the previous year, the business posted $9.06 earnings per share.
Several hedge funds have recently bought and sold shares of GOOGL. Koch Industries Inc. raised its stake in shares of 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 worth $1,085,000 after purchasing an additional 1,085,504 shares during the last quarter. Harbour Capital Advisors LLC raised its stake in shares of 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 worth $800,000 after purchasing an additional 742,602 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Alphabet by 3.3% in the second quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock worth $19,123,960,000 after purchasing an additional 662,279 shares during the last quarter. BlackRock Inc. raised its stake in shares of Alphabet by 3.1% in the second quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock worth $17,323,595,000 after purchasing an additional 567,337 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Alphabet by 2.1% in the second quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock worth $16,406,366,000 after purchasing an additional 367,634 shares during the last quarter. Hedge funds and other institutional investors own 33.87% of the company’s stock.
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.
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