Alphabet Inc (GOOGL) Receives Average Rating of “Buy” from Analysts

Alphabet Inc (NASDAQ:GOOGL) has been given a consensus rating of “Buy” by the thirty-six research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and thirty have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $1,336.59.

Several equities research analysts have recently issued reports on the stock. Monness Crespi & Hardt lowered their price objective on shares of Alphabet from $1,415.00 to $1,315.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Jefferies Financial Group restated a “buy” rating and issued a $1,450.00 price objective on shares of Alphabet in a research note on Tuesday, August 21st. Zacks Investment Research downgraded shares of Alphabet from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Wedbush assumed coverage on shares of Alphabet in a research note on Wednesday, October 17th. They issued an “outperform” rating and a $1,350.00 price objective on the stock. Finally, MKM Partners lowered their price objective on shares of Alphabet from $1,465.00 to $1,365.00 and set a “buy” rating on the stock in a research note on Monday, November 26th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Well Done LLC bought a new position in shares of Alphabet in the first quarter valued at about $107,000. Parkside Investments LLC bought a new position in shares of Alphabet in the third quarter valued at about $124,000. Private Ocean LLC raised its holdings in shares of Alphabet by 355.6% in the first quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock valued at $127,000 after buying an additional 96 shares during the last quarter. ELM Advisors LLC bought a new position in shares of Alphabet in the third quarter valued at about $128,000. Finally, Highlander Capital Management LLC raised its holdings in shares of Alphabet by 333.3% in the first quarter. Highlander Capital Management LLC now owns 130 shares of the information services provider’s stock valued at $133,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 30.54% of the company’s stock.

Shares of NASDAQ:GOOGL traded up $13.80 during trading on Monday, reaching $1,123.45. The stock had a trading volume of 51,713 shares, compared to its average volume of 1,756,671. Alphabet has a 52 week low of $984.00 and a 52 week high of $1,291.44. The firm has a market cap of $772.18 billion, a price-to-earnings ratio of 35.12, a P/E/G ratio of 1.36 and a beta of 1.06. The company has a quick ratio of 4.10, a current ratio of 4.14 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, beating the Zacks’ consensus estimate of $10.54 by $2.52. Alphabet had a net margin of 14.45% and a return on equity of 19.40%. The company had revenue of $27.16 billion for the quarter, compared to analyst estimates of $27.32 billion. Research analysts predict that Alphabet will post 45.02 EPS for the current fiscal year.

About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

Further Reading: New Google Finance Tool and Screening Stocks

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

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