Cantor Fitzgerald restated their buy rating on shares of Alphabet Inc. (NASDAQ:GOOGL) in a report released on Wednesday morning. The firm currently has a $1,000.00 price target on the stock.

Several other brokerages also recently weighed in on GOOGL. Mizuho reaffirmed a buy rating and set a $1,020.00 price target (up previously from $1,010.00) on shares of Alphabet in a report on Sunday, July 31st. Bank of America Corp. reaffirmed a buy rating and set a $960.00 price target on shares of Alphabet in a report on Monday, September 26th. Macquarie reaffirmed an outperform rating on shares of Alphabet in a report on Tuesday, July 19th. Evercore ISI reaffirmed a buy rating and set a $830.00 price target on shares of Alphabet in a report on Tuesday, July 26th. Finally, JMP Securities lifted their price target on shares of Alphabet from $904.00 to $928.00 and gave the company a market outperform rating in a report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, forty-seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $926.06.

Alphabet (NASDAQ:GOOGL) traded up 0.66% during trading on Wednesday, hitting $806.48. 575,291 shares of the stock were exchanged. The firm’s 50-day moving average is $799.87 and its 200 day moving average is $759.18. The firm has a market cap of $554.27 billion, a PE ratio of 31.25 and a beta of 1.00. Alphabet has a 52 week low of $654.49 and a 52 week high of $819.06.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.04 by $0.38. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. Analysts expect that Alphabet will post $34.26 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nicolet Bankshares Inc. raised its position in shares of Alphabet by 0.3% in the first quarter. Nicolet Bankshares Inc. now owns 623 shares of the company’s stock worth $475,000 after buying an additional 2 shares during the period. Park National Corp OH raised its position in shares of Alphabet by 0.3% in the third quarter. Park National Corp OH now owns 742 shares of the company’s stock worth $597,000 after buying an additional 2 shares during the last quarter. Cohen Lawrence B raised its position in shares of Alphabet by 0.9% in the first quarter. Cohen Lawrence B now owns 344 shares of the company’s stock worth $262,000 after buying an additional 3 shares during the last quarter. MCF Advisors LLC raised its position in shares of Alphabet by 1.9% in the second quarter. MCF Advisors LLC now owns 159 shares of the company’s stock worth $112,000 after buying an additional 3 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its position in shares of Alphabet by 0.6% in the second quarter. Coldstream Capital Management Inc. now owns 711 shares of the company’s stock worth $500,000 after buying an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 34.12% of the company’s stock.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

5 Day Chart for NASDAQ:GOOGL

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