Alphabet (NASDAQ:GOOGL) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The firm currently has a $1,179.78 price objective on the information services provider’s stock. Vetr‘s target price indicates a potential upside of 6.43% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. SunTrust Banks reissued a “buy” rating and issued a $1,100.00 price target on shares of Alphabet in a report on Saturday, September 23rd. Cantor Fitzgerald reissued a “buy” rating and issued a $1,100.00 price target on shares of Alphabet in a report on Tuesday, October 24th. Zacks Investment Research lowered shares of Alphabet from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Citigroup reissued a “buy” rating and issued a $1,180.00 price target on shares of Alphabet in a report on Tuesday, October 24th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $1,150.00 price target on shares of Alphabet in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $1,098.50.

Alphabet (NASDAQ GOOGL) traded down $4.26 during trading hours on Monday, reaching $1,108.53. 334,865 shares of the company traded hands, compared to its average volume of 1,570,000. The firm has a market cap of $766,490.00, a PE ratio of 36.93, a P/E/G ratio of 1.45 and a beta of 0.90. Alphabet has a 1 year low of $812.05 and a 1 year high of $1,119.16. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.43 by $1.14. The firm had revenue of $22.27 billion during the quarter, compared to analysts’ expectations of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same period in the prior year, the company earned $9.06 EPS. research analysts forecast that Alphabet will post 32.34 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the business. State of Alaska Department of Revenue acquired a new position in Alphabet during the 2nd quarter valued at about $102,000. Parkside Financial Bank & Trust lifted its position in Alphabet by 39.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after purchasing an additional 36 shares during the period. Odey Holdings AG lifted its position in Alphabet by 18.2% during the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock valued at $121,000 after purchasing an additional 20 shares during the period. Stelac Advisory Services LLC acquired a new position in Alphabet during the 3rd quarter valued at about $126,000. Finally, Farmers National Bank lifted its position in Alphabet by 2.7% during the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after purchasing an additional 4 shares during the period. 33.55% of the stock is currently owned by hedge funds and other 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

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