Pivotal Research restated their hold rating on shares of Alphabet Inc. (NASDAQ:GOOGL) in a report released on Tuesday. Pivotal Research currently has a $940.00 price target on the information services provider’s stock, down from their prior price target of $980.00.

Several other equities research analysts have also recently weighed in on GOOGL. Instinet dropped their target price on Alphabet from $950.00 to $925.00 and set a buy rating for the company in a report on Monday, March 27th. Nomura dropped their target price on Alphabet from $950.00 to $925.00 and set a buy rating for the company in a report on Monday, March 27th. BMO Capital Markets restated an outperform rating and set a $1,005.00 target price on shares of Alphabet in a report on Monday, March 27th. UBS AG restated a buy rating and set a $980.00 target price on shares of Alphabet in a report on Monday, March 27th. Finally, Barclays PLC started coverage on Alphabet in a report on Tuesday, March 28th. They set an overweight rating and a $1,065.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Alphabet presently has a consensus rating of Buy and a consensus price target of $1,042.37.

Shares of Alphabet (NASDAQ GOOGL) traded up 0.61% during trading on Tuesday, hitting $958.33. The stock had a trading volume of 1,813,794 shares. Alphabet has a 52 week low of $743.59 and a 52 week high of $1,008.61. The firm has a 50-day moving average price of $964.19 and a 200 day moving average price of $901.58. The company has a market capitalization of $664.01 billion, a PE ratio of 34.73 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing the consensus estimate of $8.25 by $3.24. The company had revenue of $20.92 billion for the quarter, compared to analysts’ expectations of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same quarter in the prior year, the company earned $8.42 earnings per share. Equities analysts anticipate that Alphabet will post $30.63 earnings per share for the current year.

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Several large investors have recently modified their holdings of GOOGL. State Street Corp boosted its stake in shares of Alphabet by 1.2% in the first quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock valued at $10,128,119,000 after buying an additional 142,214 shares during the period. Norges Bank purchased a new stake in shares of Alphabet during the fourth quarter valued at about $2,411,505,000. Franklin Resources Inc. boosted its stake in shares of Alphabet by 1.0% in the fourth quarter. Franklin Resources Inc. now owns 1,575,345 shares of the information services provider’s stock valued at $1,248,643,000 after buying an additional 16,006 shares during the period. Bank of Montreal Can boosted its stake in shares of Alphabet by 0.8% in the second quarter. Bank of Montreal Can now owns 1,094,698 shares of the information services provider’s stock valued at $1,017,719,000 after buying an additional 8,375 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in shares of Alphabet by 2.6% in the first quarter. Fisher Asset Management LLC now owns 1,071,363 shares of the information services provider’s stock valued at $908,302,000 after buying an additional 27,598 shares during the period. 34.36% of the stock is currently owned by hedge funds and other institutional investors.

About Alphabet

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.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

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