Monness Crespi & Hardt reaffirmed their buy rating on shares of Alphabet Inc. (NASDAQ:GOOGL) in a research note issued to investors on Saturday morning.

Other analysts have also recently issued research reports about the stock. UBS AG restated a buy rating and set a $1,050.00 target price (up previously from $980.00) on shares of Alphabet in a report on Saturday, April 29th. B. Riley restated a buy rating and set a $1,032.00 target price on shares of Alphabet in a report on Wednesday, May 3rd. Robert W. Baird restated an outperform rating and set a $1,100.00 target price on shares of Alphabet in a report on Saturday. Cowen and Company restated an outperform rating and set a $1,075.00 target price on shares of Alphabet in a report on Thursday, August 10th. Finally, KeyCorp restated an overweight rating and set a $1,100.00 target price on shares of Alphabet in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $1,053.45.

Shares of Alphabet (NASDAQ:GOOGL) opened at 935.75 on Friday. The firm has a 50-day moving average of $952.77 and a 200 day moving average of $916.26. The firm has a market capitalization of $648.36 billion, a price-to-earnings ratio of 33.91 and a beta of 0.99. Alphabet has a 12-month low of $743.59 and a 12-month high of $1,008.61.

Alphabet (NASDAQ:GOOGL) last released its quarterly 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 during the quarter, compared to the consensus estimate of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same quarter last year, the firm earned $8.42 EPS. On average, equities research analysts expect that Alphabet will post $30.59 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in Alphabet during the second quarter worth approximately $102,000. Franklin Parlapiano Turner & Welch LLC purchased a new position in Alphabet during the first quarter worth approximately $108,000. 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 in the last quarter. 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 in the last quarter. Finally, Odey Holdings AG increased its position in Alphabet by 18.2% in the second quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 33.87% of the company’s stock.

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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