Investors sold shares of Alphabet Inc (NASDAQ:GOOGL) on strength during trading hours on Thursday. $359.82 million flowed into the stock on the tick-up and $467.64 million flowed out of the stock on the tick-down, for a money net flow of $107.82 million out of the stock. Of all equities tracked, Alphabet had the 0th highest net out-flow for the day. Alphabet traded up $6.08 for the day and closed at $1,057.47

Several equities analysts recently weighed in on the stock. SunTrust Banks reissued a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Saturday, September 23rd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $1,100.00 price objective on shares of Alphabet in a research report on Tuesday, October 24th. Zacks Investment Research cut shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price objective for the company. in a research report on Friday, October 6th. Finally, Citigroup reaffirmed a “buy” rating and set a $1,180.00 price objective on shares of Alphabet in a research report on Tuesday, October 24th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have issued a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $1,089.17.

The company has a market cap of $734,731.25, a price-to-earnings ratio of 35.40, a P/E/G ratio of 1.78 and a beta of 0.89. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.43 by $1.14. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The business had revenue of $22.27 billion for the quarter, compared to analysts’ expectations of $21.94 billion. During the same period in the prior year, the business posted $9.06 earnings per share. equities research analysts expect that Alphabet Inc will post 32.34 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Novare Capital Management LLC raised its position in Alphabet by 0.9% in the 2nd quarter. Novare Capital Management LLC now owns 8,590 shares of the information services provider’s stock valued at $7,986,000 after buying an additional 80 shares during the last quarter. Camelot Portfolios LLC bought a new position in Alphabet in the 2nd quarter valued at $211,000. Country Trust Bank bought a new position in Alphabet in the 2nd quarter valued at $44,071,000. Anchor Capital Advisors LLC grew its stake in Alphabet by 3.0% in the 2nd quarter. Anchor Capital Advisors LLC now owns 378 shares of the information services provider’s stock valued at $351,000 after purchasing an additional 11 shares during the period. Finally, Opera Trading Capital bought a new position in Alphabet in the 2nd quarter valued at $1,010,000. 33.62% of the stock is currently owned by hedge funds and other institutional investors.

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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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