Several other research firms have also recently weighed in on GOOG. Credit Agricole SA reaffirmed a buy rating on shares of Alphabet in a report on Friday, September 23rd. Moffett Nathanson reissued a buy rating and set a $925.00 price objective on shares of Alphabet in a report on Friday, September 23rd. Wedbush cut Alphabet from a neutral rating to an underperform rating and raised their price objective for the company from $700.00 to $800.00 in a report on Tuesday, September 27th. Vetr raised Alphabet from a hold rating to a buy rating and set a $822.37 price objective on the stock in a report on Thursday, August 18th. Finally, RBC Capital Markets reissued an outperform rating and set a $1,025.00 price objective (up from $1,000.00) on shares of Alphabet in a report on Friday, September 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $926.55.
Alphabet (NASDAQ:GOOG) opened at 785.94 on Wednesday. The firm has a market capitalization of $540.16 billion, a price-to-earnings ratio of 30.45 and a beta of 1.03. The firm has a 50-day moving average price of $773.44 and a 200 day moving average price of $740.67. Alphabet has a 52 week low of $641.73 and a 52 week high of $789.87.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, July 28th. The company reported $8.42 earnings per share for the quarter, beating the consensus estimate of $8.03 by $0.39. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. The firm had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $20.74 billion. During the same quarter last year, the firm posted $6.99 EPS. The company’s revenue was up 21.3% compared to the same quarter last year. On average, equities research analysts forecast that Alphabet will post $34.14 earnings per share for the current fiscal year.
In other news, VP James Grier Campbell sold 193 shares of the stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $769.26, for a total value of $148,467.18. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 115 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $769.38, for a total value of $88,478.70. Following the completion of the sale, the director now owns 1,656 shares in the company, valued at $1,274,093.28. The disclosure for this sale can be found here. 13.92% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Mesirow Financial Investment Management Equity Management purchased a new position in shares of Alphabet during the second quarter valued at about $121,000. Whitnell & Co. boosted its position in shares of Alphabet by 20.6% in the second quarter. Whitnell & Co. now owns 187 shares of the company’s stock valued at $129,000 after buying an additional 32 shares during the period. D. Scott Neal Inc. boosted its position in shares of Alphabet by 2,000.0% in the second quarter. D. Scott Neal Inc. now owns 210 shares of the company’s stock valued at $145,000 after buying an additional 200 shares during the period. Pathstone Family Office LLC boosted its position in shares of Alphabet by 7.2% in the second quarter. Pathstone Family Office LLC now owns 222 shares of the company’s stock valued at $154,000 after buying an additional 15 shares during the period. Finally, Cacti Asset Management LLC purchased a new position in shares of Alphabet during the second quarter valued at about $159,000. Hedge funds and other institutional investors own 34.39% 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.
Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.