Investors Buy Alphabet (GOOGL) on Weakness

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Traders purchased shares of Alphabet Inc (NASDAQ:GOOGL) on weakness during trading on Monday. $313.99 million flowed into the stock on the tick-up and $212.33 million flowed out of the stock on the tick-down, for a money net flow of $101.66 million into the stock. Of all companies tracked, Alphabet had the 11th highest net in-flow for the day. Alphabet traded down ($0.26) for the day and closed at $1,102.12

A number of analysts have weighed in on GOOGL shares. Wedbush started coverage on Alphabet in a research report on Wednesday, October 17th. They issued an “outperform” rating and a $1,350.00 price target for the company. Jefferies Financial Group set a $1,200.00 price target on Alphabet and gave the stock a “buy” rating in a research report on Thursday, December 20th. Nomura reaffirmed an “outperform” rating on shares of Alphabet in a research report on Wednesday, February 6th. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,234.00 price target for the company in a research report on Monday, January 28th. Finally, Wells Fargo & Co set a $1,300.00 price target on Alphabet and gave the stock a “buy” rating in a research report on Tuesday, February 5th. Three equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $1,320.71.

The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.89. The company has a market capitalization of $767.12 billion, a P/E ratio of 23.20, a PEG ratio of 1.33 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, topping analysts’ consensus estimates of $11.08 by $1.69. The business 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 company posted $9.70 earnings per share. Equities analysts expect that Alphabet Inc will post 47.38 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its stake in Alphabet by 7.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 69,606 shares of the information services provider’s stock valued at $72,736,000 after acquiring an additional 5,012 shares during the period. AlphaCrest Capital Management LLC bought a new position in Alphabet during the fourth quarter valued at about $403,000. Cornerstone Capital Inc. increased its stake in Alphabet by 0.9% during the fourth quarter. Cornerstone Capital Inc. now owns 18,249 shares of the information services provider’s stock valued at $19,069,000 after acquiring an additional 171 shares during the period. Keystone Financial Group increased its stake in Alphabet by 10.2% during the fourth quarter. Keystone Financial Group now owns 1,066 shares of the information services provider’s stock valued at $1,114,000 after acquiring an additional 99 shares during the period. Finally, TrinityPoint Wealth LLC bought a new position in Alphabet during the fourth quarter valued at about $2,321,000. Institutional investors and hedge funds own 41.25% of the company’s stock.

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Alphabet Company Profile (NASDAQ:GOOGL)

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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