Traders purchased shares of Alphabet Inc. (NASDAQ:GOOGL) on weakness during trading hours on Monday. $344.67 million flowed into the stock on the tick-up and $238.21 million flowed out of the stock on the tick-down, for a money net flow of $106.46 million into the stock. Of all companies tracked, Alphabet had the 3rd highest net in-flow for the day. Alphabet traded down ($1.33) for the day and closed at $992.31

Several analysts have weighed in on GOOGL shares. Zacks Investment Research lowered Alphabet from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Citigroup Inc. upped their target price on Alphabet from $1,135.00 to $1,180.00 and gave the company a “buy” rating in a report on Tuesday, July 25th. They noted that the move was a valuation call. UBS AG reissued a “buy” rating and issued a $1,080.00 target price (up previously from $1,050.00) on shares of Alphabet in a report on Tuesday, July 25th. Barclays PLC reissued an “overweight” rating and issued a $1,060.00 target price (down previously from $1,065.00) on shares of Alphabet in a report on Tuesday, July 25th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $1,057.04.

The company has a market capitalization of $687.55 billion, a price-to-earnings ratio of 35.96 and a beta of 0.96. The stock’s 50-day moving average price is $947.52 and its 200-day moving average price is $937.02.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Alphabet by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock valued at $19,123,960,000 after buying an additional 662,279 shares during the last quarter. BlackRock Inc. boosted its position in Alphabet by 3.1% in the 2nd quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock valued at $17,323,595,000 after buying an additional 567,337 shares during the last quarter. FMR LLC boosted its position in Alphabet by 2.1% in the 2nd quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock valued at $16,406,366,000 after buying an additional 367,634 shares during the last quarter. State Street Corp boosted its position in Alphabet by 1.2% in the 1st quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock valued at $10,128,119,000 after buying an additional 142,214 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in Alphabet by 2.4% in the 2nd quarter. Capital Research Global Investors now owns 4,308,195 shares of the information services provider’s stock valued at $4,005,243,000 after buying an additional 102,133 shares during the last quarter. Hedge funds and other institutional investors own 33.85% of the company’s stock.

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About Alphabet

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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