Alphabet Inc Class A (GOOGL) Given Average Recommendation of “Buy” by Brokerages

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Alphabet Inc Class A (NASDAQ:GOOGL) has earned an average rating of “Buy” from the thirty-eight research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-one have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $1,330.43.

A number of equities research analysts have commented on GOOGL shares. Morgan Stanley restated an “overweight” rating and issued a $1,250.00 target price (up previously from $1,200.00) on shares of Alphabet Inc Class A in a research report on Thursday, June 28th. Zacks Investment Research downgraded Alphabet Inc Class A from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. ValuEngine upgraded Alphabet Inc Class A from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Nomura started coverage on Alphabet Inc Class A in a research report on Tuesday, July 10th. They issued a “buy” rating and a $1,400.00 target price on the stock. Finally, Barclays lifted their target price on Alphabet Inc Class A from $1,250.00 to $1,350.00 and gave the company an “overweight” rating in a research report on Friday, July 13th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GOOGL. Summit Trail Advisors LLC grew its stake in Alphabet Inc Class A by 134,676.9% during the 1st quarter. Summit Trail Advisors LLC now owns 17,938,806 shares of the information services provider’s stock worth $17,939,000 after purchasing an additional 17,925,496 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in Alphabet Inc Class A by 115,058.0% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,388,805 shares of the information services provider’s stock worth $1,216,000 after purchasing an additional 1,387,599 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new position in Alphabet Inc Class A during the 2nd quarter worth $774,000. OppenheimerFunds Inc. grew its stake in Alphabet Inc Class A by 78.1% during the 1st quarter. OppenheimerFunds Inc. now owns 1,313,669 shares of the information services provider’s stock worth $1,362,458,000 after purchasing an additional 575,882 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in Alphabet Inc Class A by 6,916.2% during the 2nd quarter. Private Advisor Group LLC now owns 350,598 shares of the information services provider’s stock worth $395,965,000 after purchasing an additional 345,601 shares in the last quarter. 33.53% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:GOOGL traded up $7.27 on Friday, reaching $1,105.18. The company’s stock had a trading volume of 2,062,281 shares, compared to its average volume of 2,123,308. Alphabet Inc Class A has a 12-month low of $977.08 and a 12-month high of $1,291.44. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $769.15 billion, a P/E ratio of 26.99, a P/E/G ratio of 1.39 and a beta of 1.10.

Alphabet Inc Class A (NASDAQ:GOOGL) last posted its earnings results on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, beating the Zacks’ consensus estimate of $9.51 by $2.24. Alphabet Inc Class A had a return on equity of 18.24% and a net margin of 13.16%. The company had revenue of $26.24 billion for the quarter, compared to the consensus estimate of $25.64 billion. During the same quarter in the previous year, the business earned $5.01 earnings per share. Sell-side analysts anticipate that Alphabet Inc Class A will post 42.85 earnings per share for the current fiscal year.

Alphabet Inc Class A 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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Analyst Recommendations for Alphabet Inc Class A (NASDAQ:GOOGL)

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