Barclays PLC reiterated their overweight rating on shares of Alphabet Inc. (NASDAQ:GOOGL) in a research note published on Tuesday. They currently have a $1,060.00 price target on the information services provider’s stock, down from their prior price target of $1,065.00.

Other analysts have also issued reports about the company. UBS AG reaffirmed a buy rating and issued a $980.00 price objective on shares of Alphabet in a research note on Monday, March 27th. Aegis reaffirmed a buy rating and issued a $1,011.00 price objective on shares of Alphabet in a research note on Sunday, April 2nd. Zacks Investment Research raised Alphabet from a hold rating to a buy rating and set a $939.00 price objective on the stock in a research note on Wednesday, March 29th. Instinet reduced their price objective on Alphabet from $950.00 to $925.00 and set a buy rating on the stock in a research note on Monday, March 27th. Finally, Nomura cut their price target on Alphabet from $950.00 to $925.00 and set a buy rating on the stock in a research note on Monday, March 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $1,042.37.

Alphabet (GOOGL) traded up 0.61% on Tuesday, reaching $958.33. 1,813,794 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $964.19 and its 200 day moving average price is $901.58. Alphabet has a 1-year low of $743.59 and a 1-year high of $1,008.61. The firm has a market capitalization of $664.01 billion, a price-to-earnings ratio of 34.73 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data 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 business had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same period last year, the business earned $8.42 earnings per share. On average, analysts expect that Alphabet will post $30.63 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Alphabet Inc. (NASDAQ:GOOGL) Receives “Overweight” Rating from Barclays PLC” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.watchlistnews.com/alphabet-inc-nasdaqgoogl-receives-overweight-rating-from-barclays-plc/1461391.html.

Several hedge funds have recently added to or reduced their stakes in GOOGL. State of Alaska Department of Revenue bought a new stake in Alphabet during the second quarter worth about $102,000. Franklin Parlapiano Turner & Welch LLC bought a new stake in Alphabet during the first quarter worth about $108,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in Alphabet by 71,762.1% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 115,698 shares of the information services provider’s stock worth $116,000 after buying an additional 115,537 shares during the last quarter. Delta Asset Management LLC TN raised its stake 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 last quarter. Finally, Parkside Financial Bank & Trust raised its stake 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 last quarter. Institutional investors own 34.36% 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.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.