Alphabet Inc. (GOOGL) PT Raised to $1,150.00 at Stifel Nicolaus

Alphabet Inc. (NASDAQ:GOOGL) had its price objective increased by equities researchers at Stifel Nicolaus from $1,075.00 to $1,150.00 in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the information services provider’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 11.32% from the stock’s previous close.

GOOGL has been the subject of a number of other research reports. CIBC reissued an “outperform” rating and issued a $1,180.00 target price (up previously from $1,050.00) on shares of Alphabet in a report on Friday, October 27th. Societe Generale set a $1,210.00 target price on Alphabet and gave the company a “buy” rating in a report on Friday, July 7th. They noted that the move was a valuation call. Morgan Stanley reissued an “overweight” rating and issued a $1,050.00 target price on shares of Alphabet in a report on Saturday, July 22nd. Pivotal Research reissued a “hold” rating and issued a $940.00 target price (down previously from $980.00) on shares of Alphabet in a report on Tuesday, July 25th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $1,258.00 target price (up previously from $1,250.00) on shares of Alphabet in a report on Saturday, July 22nd. One equities research 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 assigned a strong buy rating to the company. Alphabet has a consensus rating of “Buy” and a consensus price target of $1,087.02.

Alphabet (NASDAQ:GOOGL) opened at 1033.04 on Monday. The firm has a market capitalization of $715.77 billion, a PE ratio of 37.44 and a beta of 0.96. Alphabet has a 1-year low of $743.59 and a 1-year high of $1,063.62. The company has a 50 day moving average of $978.58 and a 200 day moving average of $957.33.

Alphabet (NASDAQ:GOOGL) last issued 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. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. During the same period last year, the company earned $9.06 earnings per share. Analysts forecast that Alphabet will post $32.05 EPS for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in GOOGL. Koch Industries Inc. raised its position in shares of Alphabet by 181,219.4% in the 2nd quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider’s stock valued at $1,085,000 after purchasing an additional 1,085,504 shares in the last quarter. Harbour Capital Advisors LLC raised its position in shares of Alphabet by 65,026.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock valued at $800,000 after purchasing an additional 742,602 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Alphabet by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock valued at $19,123,960,000 after purchasing an additional 662,279 shares in the last quarter. BlackRock Inc. raised its position in shares of Alphabet by 3.1% in the 2nd quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock valued at $17,323,595,000 after purchasing an additional 567,337 shares in the last quarter. Finally, FMR LLC raised its position in shares of Alphabet by 2.1% in the 2nd quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock valued at $16,406,366,000 after purchasing an additional 367,634 shares in the last quarter. 33.87% of the stock is currently owned by institutional investors.

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.

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