Alphabet Inc. (NASDAQ:GOOGL)’s share price reached a new 52-week high during trading on Tuesday after Axiom Securities raised their price target on the stock from $990.00 to $1,000.00. Axiom Securities currently has a buy rating on the stock. Alphabet traded as high as $819.86 and last traded at $810.74, with a volume of 1,056,563 shares. The stock had previously closed at $814.17.

Several other equities analysts have also weighed in on the stock. Mizuho restated a “buy” rating and set a $1,020.00 price objective (up previously from $1,010.00) on shares of Alphabet in a research report on Sunday, July 31st. Bank of America Corp. restated a “buy” rating and set a $960.00 price objective on shares of Alphabet in a research report on Monday, September 26th. Macquarie restated an “outperform” rating on shares of Alphabet in a research report on Tuesday, July 19th. Evercore ISI restated a “buy” rating and set a $830.00 price objective on shares of Alphabet in a research report on Tuesday, July 26th. Finally, JMP Securities raised their price objective on shares of Alphabet from $904.00 to $928.00 and gave the company a “market outperform” rating in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, forty-seven have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $926.27.

Several large investors have recently made changes to their positions in the company. Park National Corp OH raised its position in 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. MCF Advisors LLC raised its position in 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. Independence Advisors LLC raised its position in Alphabet by 0.5% in the third quarter. Independence Advisors LLC now owns 618 shares of the company’s stock worth $497,000 after buying an additional 3 shares during the last quarter. Coldstream Capital Management Inc. raised its position in 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. Finally, Frontier Investment Mgmt Co. raised its position in Alphabet by 0.4% in the second quarter. Frontier Investment Mgmt Co. now owns 894 shares of the company’s stock worth $629,000 after buying an additional 4 shares during the last quarter. Institutional investors own 34.12% of the company’s stock.

The firm has a market cap of $556.40 billion, a price-to-earnings ratio of 31.37 and a beta of 1.00. The firm has a 50-day moving average price of $800.52 and a 200-day moving average price of $760.57.

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

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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