Alphabet (GOOGL) Earns Buy Rating from Robert W. Baird

Robert W. Baird reissued their buy rating on shares of Alphabet (NASDAQ:GOOGL) in a report released on Tuesday. Robert W. Baird currently has a $1,150.00 price objective on the information services provider’s stock.

A number of other research firms have also issued reports on GOOGL. Zacks Investment Research raised Alphabet from a hold rating to a buy rating and set a $1,199.00 target price on the stock in a report on Tuesday, December 26th. Vetr raised Alphabet from a hold rating to a buy rating and set a $1,120.76 target price on the stock in a report on Tuesday, December 26th. Pivotal Research reaffirmed a hold rating and issued a $990.00 target price on shares of Alphabet in a report on Sunday, October 29th. Stifel Nicolaus raised their target price on Alphabet from $1,075.00 to $1,150.00 and gave the company a buy rating in a report on Monday, October 30th. Finally, Citigroup reaffirmed a buy rating on shares of Alphabet in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have given a buy rating and one has given a strong buy rating to the company’s stock. Alphabet has an average rating of Buy and a consensus price target of $1,096.47.

Shares of Alphabet (NASDAQ GOOGL) traded up $14.56 during mid-day trading on Tuesday, hitting $1,110.32. The company had a trading volume of 795,406 shares, compared to its average volume of 1,520,000. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet has a 1-year low of $805.92 and a 1-year high of $1,113.58. The company has a market cap of $768,140.00, a P/E ratio of 36.99, a price-to-earnings-growth ratio of 1.43 and a beta of 0.90.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $8.43 by $1.14. The business had revenue of $22.27 billion for the quarter, compared to the consensus estimate of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same period last year, the business earned $9.06 EPS. sell-side analysts predict that Alphabet will post 32.34 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in Alphabet during the second quarter worth about $102,000. Parkside Financial Bank & Trust raised its holdings in Alphabet by 39.6% during the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after acquiring an additional 36 shares in the last quarter. Odey Holdings AG raised its holdings in Alphabet by 18.2% during the second quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after acquiring an additional 20 shares in the last quarter. Stelac Advisory Services LLC bought a new stake in Alphabet during the third quarter worth about $126,000. Finally, Farmers National Bank raised its holdings in Alphabet by 2.7% during the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock worth $127,000 after acquiring an additional 4 shares in the last quarter. 33.55% of the stock is owned by institutional investors.

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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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