UBS AG Reaffirms “Buy” Rating for Alphabet Inc. (GOOGL)
UBS AG restated their buy rating on shares of Alphabet Inc. (NASDAQ:GOOGL) in a research note issued to investors on Friday, www.tipranks.com reports.
Other analysts have also recently issued research reports about the stock. Deutsche Bank AG reissued a buy rating on shares of Alphabet in a research note on Monday, May 22nd. Aegis reissued a buy rating on shares of Alphabet in a research note on Monday, May 22nd. Jefferies Group LLC reissued a buy rating and set a $1,200.00 target price (up previously from $950.00) on shares of Alphabet in a research note on Sunday, May 28th. Moffett Nathanson reissued a buy rating on shares of Alphabet in a research note on Friday, June 9th. Finally, Vetr raised shares of Alphabet from a hold rating to a buy rating and set a $1,052.36 target price for the company in a research note on Monday, June 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $1,053.45.
Alphabet (NASDAQ:GOOGL) opened at 941.41 on Friday. Alphabet has a one year low of $743.59 and a one year high of $1,008.61. The company has a market cap of $652.28 billion, a P/E ratio of 34.12 and a beta of 0.98. The company has a 50-day moving average of $945.22 and a 200 day moving average of $923.12.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing analysts’ consensus estimates of $8.25 by $3.24. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The firm had revenue of $20.92 billion during the quarter, compared to analysts’ expectations of $20.83 billion. During the same period in the previous year, the firm posted $8.42 EPS. Analysts anticipate that Alphabet will post $30.59 earnings per share for the current year.
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Several institutional investors have recently modified their holdings of GOOGL. State of Alaska Department of Revenue acquired a new position in shares of Alphabet in the 2nd quarter valued at $102,000. Franklin Parlapiano Turner & Welch LLC acquired a new position in shares of Alphabet in the 1st quarter valued at $108,000. Delta Asset Management LLC TN boosted its holdings in shares of Alphabet by 1.5% in the 1st quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after buying an additional 2 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Alphabet by 39.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after buying an additional 36 shares in the last quarter. Finally, Odey Holdings AG boosted its holdings in shares of Alphabet by 18.2% in the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock valued at $121,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 33.88% of the company’s stock.
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.
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