Societe Generale set a $1,210.00 price target on Alphabet Inc. (NASDAQ:GOOGL) in a research note published on Friday, July 7th. The brokerage currently has a buy rating on the information services provider’s stock. The analysts noted that the move was a valuation call.

A number of other research analysts also recently weighed in on GOOGL. Pacific Crest reissued an overweight rating and issued a $1,040.00 price objective on shares of Alphabet in a research note on Saturday, March 11th. Deutsche Bank AG reaffirmed a buy rating and issued a $1,100.00 price target on shares of Alphabet in a research report on Saturday, March 11th. Mizuho started coverage on Alphabet in a research report on Saturday, March 11th. They issued a buy rating and a $1,024.00 price target on the stock. Wells Fargo & Company reaffirmed an outperform rating and issued a $1,000.00 price target (up from $975.00) on shares of Alphabet in a research report on Saturday, March 11th. Finally, Hilliard Lyons reaffirmed a neutral rating and issued a $865.00 price target on shares of Alphabet in a research report on Saturday, March 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $1,043.51.

Shares of Alphabet (GOOGL) traded up 0.58% during mid-day trading on Friday, reaching $945.79. 1,254,574 shares of the company’s stock traded hands. Alphabet has a 1-year low of $743.59 and a 1-year high of $1,008.61. The firm has a 50-day moving average price of $963.05 and a 200-day moving average price of $904.34. The company has a market capitalization of $655.32 billion, a P/E ratio of 34.28 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $8.25 by $3.24. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The company had revenue of $20.92 billion during the quarter, compared to the consensus estimate of $20.83 billion. During the same period in the previous year, the business posted $8.42 earnings per share. On average, equities research analysts forecast that Alphabet will post $30.59 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the company. United Bank acquired a new stake in shares of Alphabet during the fourth quarter valued at about $2,396,000. Teza Capital Management LLC acquired a new stake in shares of Alphabet during the fourth quarter valued at about $275,000. Cadinha & Co. LLC increased its stake in shares of Alphabet by 141.4% in the fourth quarter. Cadinha & Co. LLC now owns 11,550 shares of the information services provider’s stock valued at $9,153,000 after buying an additional 6,766 shares during the period. TCW Group Inc. increased its stake in shares of Alphabet by 41.6% in the fourth quarter. TCW Group Inc. now owns 30,942 shares of the information services provider’s stock valued at $24,520,000 after buying an additional 9,098 shares during the period. Finally, Investec Asset Management North America Inc. increased its stake in shares of Alphabet by 9.2% in the fourth quarter. Investec Asset Management North America Inc. now owns 14,533 shares of the information services provider’s stock valued at $11,517,000 after buying an additional 1,227 shares during the period. Institutional investors own 34.37% of the company’s stock.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

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