Needham & Company LLC reissued their buy rating on shares of Alphabet Inc. (NASDAQ:GOOGL) in a research note released on Friday morning. They currently have a $900.00 target price on the stock.

Several other equities analysts have also recently weighed in on GOOGL. Morgan Stanley restated a buy rating and issued a $880.00 price objective on shares of Alphabet in a report on Thursday, September 29th. Cantor Fitzgerald restated a buy rating and issued a $1,000.00 price objective on shares of Alphabet in a report on Wednesday, October 5th. Jefferies Group restated a buy rating and issued a $1,000.00 price objective on shares of Alphabet in a report on Monday, October 3rd. Vetr upgraded Alphabet from a hold rating to a buy rating and set a $838.19 price objective for the company in a report on Monday, August 22nd. Finally, Bank of America Corp. restated a buy rating and issued a $960.00 price objective on shares of Alphabet in a report on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, forty-seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $926.27.

Shares of Alphabet (NASDAQ:GOOGL) traded up 1.03% during trading on Friday, reaching $808.92. The company had a trading volume of 424,890 shares. The company has a market cap of $555.95 billion, a price-to-earnings ratio of 31.34 and a beta of 1.00. Alphabet has a 12 month low of $667.24 and a 12 month high of $819.06. The firm has a 50 day moving average price of $799.75 and a 200 day moving average price of $759.77.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $8.04 by $0.38. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. Analysts predict that Alphabet will post $34.11 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Alphabet by 2.1% in the second quarter. Vanguard Group Inc. now owns 18,198,649 shares of the company’s stock worth $12,803,295,000 after buying an additional 375,941 shares during the last quarter. State Street Corp boosted its stake in Alphabet by 0.4% in the first quarter. State Street Corp now owns 11,181,006 shares of the company’s stock valued at $8,529,984,000 after buying an additional 39,282 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Alphabet by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 7,747,794 shares of the company’s stock valued at $5,450,806,000 after buying an additional 129,555 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Alphabet by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 4,096,211 shares of the company’s stock valued at $2,881,806,000 after buying an additional 14,001 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in Alphabet by 2.5% in the second quarter. BlackRock Fund Advisors now owns 3,829,095 shares of the company’s stock valued at $2,693,883,000 after buying an additional 93,453 shares in the last quarter. Institutional investors own 34.12% of the company’s stock.

About Alphabet

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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