Alphabet (NASDAQ:GOOGL) received a $1,300.00 target price from research analysts at Wells Fargo & Co in a research report issued on Tuesday, February 5th. The firm presently has a “buy” rating on the information services provider’s stock. Wells Fargo & Co‘s target price would suggest a potential upside of 13.19% from the stock’s current price.
Several other analysts also recently issued reports on GOOGL. Wedbush assumed coverage on Alphabet in a research note on Wednesday, October 17th. They set an “outperform” rating and a $1,350.00 price target for the company. Jefferies Financial Group set a $1,200.00 price objective on Alphabet and gave the stock a “buy” rating in a research report on Thursday, December 20th. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,234.00 price objective for the company in a research report on Monday, January 28th. Morgan Stanley reissued an “overweight” rating and issued a $1,500.00 target price (down from $1,515.00) on shares of Alphabet in a report on Wednesday, November 14th. Finally, Nomura reaffirmed a “buy” rating and set a $1,400.00 price target on shares of Alphabet in a report on Tuesday, December 4th. Three research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $1,320.24.
Shares of NASDAQ GOOGL traded up $21.97 during trading on Tuesday, reaching $1,148.52. The stock had a trading volume of 1,631,080 shares, compared to its average volume of 1,634,800. The company has a market capitalization of $776.22 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 1.35 and a beta of 1.05. The company has a current ratio of 3.92, a quick ratio of 3.89 and a debt-to-equity ratio of 0.02. Alphabet has a one year low of $977.66 and a one year high of $1,291.44.
Alphabet (NASDAQ:GOOGL) last announced its earnings results on Monday, February 4th. The information services provider reported $12.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.08 by $1.69. The company had revenue of $31.84 billion for the quarter, compared to analyst estimates of $31.28 billion. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. During the same period in the previous year, the firm earned $9.70 earnings per share. As a group, equities analysts predict that Alphabet will post 47.38 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of the company. Truehand Inc purchased a new stake in Alphabet in the fourth quarter worth about $39,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Alphabet by 103,543.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 54,899,064 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 54,846,095 shares during the last quarter. Vestor Capital LLC purchased a new position in shares of Alphabet during the third quarter valued at approximately $62,000. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Alphabet by 44.4% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 65 shares of the information services provider’s stock valued at $68,000 after purchasing an additional 20 shares during the last quarter. Finally, Lavaca Capital LLC purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $97,000. Institutional investors own 33.33% of the company’s stock.
Alphabet Company Profile
Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.
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