Shares of Alphabet Inc Class A (NASDAQ:GOOGL) have been given an average rating of “Buy” by the thirty-eight brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-one have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $1,320.58.

GOOGL has been the topic of several recent research reports. BMO Capital Markets raised their price target on Alphabet Inc Class A from $1,100.00 to $1,150.00 and gave the company a “neutral” rating in a report on Tuesday, July 24th. B. Riley reiterated a “buy” rating on shares of Alphabet Inc Class A in a report on Monday, July 16th. Monness Crespi & Hardt raised their price target on Alphabet Inc Class A from $1,306.00 to $1,415.00 and gave the company a “buy” rating in a report on Tuesday, July 24th. KeyCorp reiterated an “overweight” rating and issued a $1,430.00 price target (up previously from $1,230.00) on shares of Alphabet Inc Class A in a report on Tuesday, July 24th. Finally, Mizuho reiterated a “positive” rating and issued a $1,460.00 price target on shares of Alphabet Inc Class A in a report on Tuesday, July 24th.

Shares of GOOGL stock opened at $1,139.24 on Friday. The company has a current ratio of 4.15, a quick ratio of 4.13 and a debt-to-equity ratio of 0.02. The firm has a market cap of $840.06 billion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 1.53 and a beta of 1.11. Alphabet Inc Class A has a 52 week low of $977.08 and a 52 week high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last announced its earnings results on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, topping the consensus estimate of $9.51 by $2.24. The company had revenue of $26.24 billion for the quarter, compared to analysts’ expectations of $25.64 billion. Alphabet Inc Class A had a return on equity of 18.24% and a net margin of 13.16%. During the same quarter in the prior year, the business earned $5.01 earnings per share. As a group, equities analysts predict that Alphabet Inc Class A will post 42.53 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Well Done LLC acquired a new stake in shares of Alphabet Inc Class A during the first quarter worth about $107,000. Westchester Capital Management Inc. raised its position in shares of Alphabet Inc Class A by 1,262.5% during the first quarter. Westchester Capital Management Inc. now owns 109 shares of the information services provider’s stock worth $113,000 after purchasing an additional 101 shares during the period. KHP Capital LLC acquired a new stake in shares of Alphabet Inc Class A during the first quarter worth about $124,000. Private Ocean LLC raised its position in shares of Alphabet Inc Class A by 355.6% during the first quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock worth $127,000 after purchasing an additional 96 shares during the period. Finally, ELM Advisors LLC acquired a new stake in shares of Alphabet Inc Class A during the third quarter worth about $128,000. Hedge funds and other institutional investors own 33.53% of the company’s stock.

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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