Alphabet Inc. (GOOGL) Given “Overweight” Rating at KeyCorp
KeyCorp restated their overweight rating on shares of Alphabet Inc. (NASDAQ:GOOGL) in a research report report published on Thursday. They currently have a $1,100.00 price objective on the information services provider’s stock. KeyCorp also issued estimates for Alphabet’s Q3 2017 earnings at $8.68 EPS, Q4 2017 earnings at $9.22 EPS, FY2017 earnings at $30.64 EPS, Q1 2018 earnings at $8.92 EPS, Q2 2018 earnings at $9.18 EPS, Q2 2018 earnings at $9.08 EPS, Q3 2018 earnings at $9.87 EPS, Q4 2018 earnings at $10.45 EPS, Q4 2018 earnings at $10.73 EPS and FY2018 earnings at $38.33 EPS.
A number of other analysts also recently issued reports on the company. BMO Capital Markets reissued a market perform rating and issued a $970.00 target price on shares of Alphabet in a research report on Thursday. Canaccord Genuity reissued a hold rating and issued a $1,000.00 target price on shares of Alphabet in a research report on Thursday. Vetr raised Alphabet from a hold rating to a buy rating and set a $1,020.52 target price for the company in a research report on Tuesday, July 25th. FBR & Co reissued an outperform rating and issued a $1,050.00 target price (up from $1,032.00) on shares of Alphabet in a research report on Tuesday, July 25th. Finally, UBS AG reissued a buy rating and issued a $1,080.00 target price (up from $1,050.00) on shares of Alphabet in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $1,043.51.
Alphabet (NASDAQ GOOGL) traded down 1.40% on Thursday, hitting $944.89. The company had a trading volume of 1,962,313 shares. The stock has a market capitalization of $654.69 billion, a PE ratio of 34.24 and a beta of 1.00. Alphabet has a one year low of $743.59 and a one year high of $1,008.61. The stock has a 50 day moving average of $964.19 and a 200-day moving average of $901.58.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the Zacks’ consensus estimate of $8.25 by $3.24. The business had revenue of $20.92 billion for the quarter, compared to the consensus estimate of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same quarter last year, the business posted $8.42 earnings per share. Equities analysts anticipate that Alphabet will post $30.63 EPS for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new position in Alphabet during the second quarter worth $102,000. Franklin Parlapiano Turner & Welch LLC purchased a new position in Alphabet during the first quarter worth $108,000. Parkside Financial Bank & Trust increased its position in Alphabet by 39.6% in the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after buying an additional 36 shares during the period. Delta Asset Management LLC TN increased its position in Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock worth $116,000 after buying an additional 2 shares during the period. Finally, Farmers National Bank increased its position in Alphabet by 2.7% in the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock worth $127,000 after buying an additional 4 shares during the period. Hedge funds and other institutional investors own 34.37% of the company’s stock.
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.
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