Alphabet Inc (NASDAQ:GOOGL) has received a consensus recommendation of “Buy” from the thirty-seven research firms that are presently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and twenty-nine have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $1,317.08.

Several equities research analysts have weighed in on GOOGL shares. Pivotal Research started coverage on shares of SRC Energy in a report on Wednesday, May 29th. They issued a “buy” rating and a $37.29 target price on the stock. DZ Bank reiterated a “hold” rating and issued a $1,197.00 target price on shares of Alphabet in a report on Wednesday, May 1st. Deutsche Bank increased their target price on shares of Alphabet from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. JMP Securities reiterated an “outperform” rating and issued a $1,375.00 target price (up from $1,300.00) on shares of Alphabet in a report on Tuesday, April 30th. Finally, ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th.

GOOGL traded down $15.69 during mid-day trading on Tuesday, hitting $1,131.55. The stock had a trading volume of 1,158,413 shares, compared to its average volume of 1,321,170. The business’s fifty day simple moving average is $1,104.67. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.96 and a quick ratio of 3.93. The firm has a market cap of $785.57 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 1.33 and a beta of 0.96. Alphabet has a 1-year low of $977.66 and a 1-year high of $1,296.97.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Monday, April 29th. The information services provider reported $11.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $10.56 by $1.34. The company had revenue of $29.48 billion for the quarter, compared to analyst estimates of $29.99 billion. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. During the same period last year, the business posted $13.33 earnings per share. As a group, analysts forecast that Alphabet will post 48.43 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Alpha Cubed Investments LLC lifted its stake in Alphabet by 5.6% in the second quarter. Alpha Cubed Investments LLC now owns 12,713 shares of the information services provider’s stock valued at $13,766,000 after acquiring an additional 669 shares during the last quarter. Garner Asset Management Corp lifted its stake in Alphabet by 1.5% in the second quarter. Garner Asset Management Corp now owns 888 shares of the information services provider’s stock valued at $962,000 after acquiring an additional 13 shares during the last quarter. Pioneer Trust Bank N A OR lifted its stake in Alphabet by 1.8% in the second quarter. Pioneer Trust Bank N A OR now owns 2,306 shares of the information services provider’s stock valued at $2,497,000 after acquiring an additional 40 shares during the last quarter. Davy Asset Management Ltd acquired a new stake in Alphabet in the second quarter valued at $9,929,000. Finally, FDx Advisors Inc. lifted its stake in Alphabet by 54.3% in the second quarter. FDx Advisors Inc. now owns 12,488 shares of the information services provider’s stock valued at $13,522,000 after acquiring an additional 4,394 shares during the last quarter. 33.60% of the stock is owned by institutional investors and hedge funds.

Alphabet 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 (NASDAQ:GOOGL)

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