Alphabet Inc (NASDAQ:GOOGL) shares fell 6.1% on Monday . The company traded as low as $1,027.03 and last traded at $1,038.74. 4,467,730 shares were traded during mid-day trading, an increase of 168% from the average session volume of 1,666,685 shares. The stock had previously closed at $1,106.50.

A number of brokerages recently weighed in on GOOGL. Zacks Investment Research downgraded Alphabet from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. Argus reissued a “buy” rating and issued a $1,450.00 price objective on shares of Alphabet in a research note on Wednesday, May 1st. Morgan Stanley cut their price objective on Alphabet from $1,500.00 to $1,425.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 30th. They noted that the move was a valuation call. Deutsche Bank raised their price objective on Alphabet from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Finally, ValuEngine raised Alphabet from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Seven investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $1,327.30.

The firm has a market cap of $721.14 billion, a PE ratio of 21.86, a P/E/G ratio of 1.31 and a beta of 1.04. The company has a quick ratio of 3.93, a current ratio of 3.96 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Monday, April 29th. The information services provider reported $11.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $10.56 by $1.34. The firm had revenue of $29.48 billion for the quarter, compared to analyst estimates of $29.99 billion. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. During the same quarter last year, the firm posted $13.33 EPS. As a group, equities research analysts predict that Alphabet Inc will post 48.44 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MUFG Securities EMEA plc boosted its stake in Alphabet by 82,484.5% in the 4th quarter. MUFG Securities EMEA plc now owns 63,262,221 shares of the information services provider’s stock valued at $66,106,490,000 after buying an additional 63,185,618 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Alphabet by 103,543.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 54,899,064 shares of the information services provider’s stock valued at $53,000 after buying an additional 54,846,095 shares in the last quarter. FMR LLC boosted its stake in Alphabet by 5.5% in the 3rd quarter. FMR LLC now owns 16,434,628 shares of the information services provider’s stock valued at $19,837,909,000 after buying an additional 858,589 shares in the last quarter. Geode Capital Management LLC boosted its stake in Alphabet by 4.6% in the 1st quarter. Geode Capital Management LLC now owns 4,001,924 shares of the information services provider’s stock valued at $4,701,426,000 after buying an additional 176,676 shares in the last quarter. Finally, Norges Bank acquired a new stake in Alphabet in the 4th quarter valued at $4,071,353,000. 33.48% of the stock is currently owned by hedge funds and other institutional investors.

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About Alphabet (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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