Credit Suisse Group AG restated their outperform rating on shares of Alphabet Inc. (NASDAQ:GOOGL) in a research report sent to investors on Monday morning. The brokerage currently has a $1,070.00 price objective on the stock, up from their previous price objective of $940.00.

A number of other equities research analysts also recently commented on GOOGL. Robert W. Baird reissued a buy rating on shares of Alphabet in a report on Sunday, July 17th. Bank of America Corp. reissued a buy rating and issued a $925.00 target price on shares of Alphabet in a report on Sunday, July 17th. Deutsche Bank AG reissued a buy rating on shares of Alphabet in a report on Sunday, July 10th. B. Riley reissued a buy rating and issued a $950.00 target price on shares of Alphabet in a report on Friday, July 29th. Finally, Needham & Company LLC reissued a buy rating and issued a $900.00 target price (up previously from $825.00) on shares of Alphabet in a report on Sunday, July 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, forty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $929.27.

Alphabet (NASDAQ:GOOGL) traded up 1.35% during midday trading on Monday, hitting $817.76. 373,819 shares of the stock were exchanged. The firm has a 50-day moving average price of $802.03 and a 200-day moving average price of $761.84. The stock has a market cap of $562.02 billion, a P/E ratio of 31.69 and a beta of 1.00. Alphabet has a one year low of $670.70 and a one year high of $819.86.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, July 28th. The company reported $8.42 EPS for the quarter, beating analysts’ consensus estimates 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 will post $34.11 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in GOOGL. Foothills Asset Management Ltd. raised its stake in Alphabet by 4.4% in the third quarter. Foothills Asset Management Ltd. now owns 2,466 shares of the company’s stock valued at $1,983,000 after buying an additional 103 shares during the last quarter. WESPAC Advisors LLC raised its stake in Alphabet by 53.3% in the third quarter. WESPAC Advisors LLC now owns 460 shares of the company’s stock valued at $370,000 after buying an additional 160 shares during the last quarter. Guinness Asset Management Ltd raised its stake in Alphabet by 9.4% in the third quarter. Guinness Asset Management Ltd now owns 3,500 shares of the company’s stock valued at $2,814,000 after buying an additional 300 shares during the last quarter. Cim LLC raised its stake in Alphabet by 5.9% in the third quarter. Cim LLC now owns 10,454 shares of the company’s stock valued at $8,406,000 after buying an additional 582 shares during the last quarter. Finally, American National Bank raised its stake in Alphabet by 3.5% in the third quarter. American National Bank now owns 7,641 shares of the company’s stock valued at $6,144,000 after buying an additional 259 shares during the last quarter. Institutional investors and hedge funds own 34.15% 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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