Traders sold shares of Alphabet Inc (NASDAQ:GOOGL) on strength during trading on Thursday. $359.82 million flowed into the stock on the tick-up and $467.64 million flowed out of the stock on the tick-down, for a money net flow of $107.82 million out of the stock. Of all equities tracked, Alphabet had the 3rd highest net out-flow for the day. Alphabet traded up $6.08 for the day and closed at $1,057.47

Several research firms have recently commented on GOOGL. UBS restated an “overweight” rating on shares of Alphabet in a report on Thursday, August 24th. Stifel Nicolaus boosted their price objective on Alphabet from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a report on Monday, October 30th. Bank of America reaffirmed a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Tuesday, September 26th. Robert W. Baird reaffirmed an “outperform” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Saturday, August 26th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $1,150.00 target price on shares of Alphabet in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $1,089.17.

The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The firm has a market cap of $728,686.50, a PE ratio of 35.11, a price-to-earnings-growth ratio of 1.76 and a beta of 0.89.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $8.43 by $1.14. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The business had revenue of $22.27 billion for the quarter, compared to analysts’ expectations of $21.94 billion. During the same quarter in the previous year, the firm earned $9.06 earnings per share. research analysts forecast that Alphabet Inc will post 32.34 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of GOOGL. Koch Industries Inc. lifted its position in shares of Alphabet by 181,219.4% during the 2nd quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider’s stock valued at $1,085,000 after buying an additional 1,085,504 shares during the last quarter. Harbour Capital Advisors LLC raised its stake in shares of Alphabet by 65,026.4% during the 2nd quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock valued at $800,000 after purchasing an additional 742,602 shares during the period. Vanguard Group Inc. raised its stake in shares of Alphabet by 3.3% during 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 purchasing an additional 662,279 shares during the period. BlackRock Inc. raised its stake in shares of Alphabet by 3.1% during 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 purchasing an additional 567,337 shares during the period. Finally, FMR LLC raised its stake in shares of Alphabet by 2.1% during 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 purchasing an additional 367,634 shares during the period. 33.62% of the stock is currently owned by hedge funds and other institutional investors.

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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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