Alphabet Inc Class A (NASDAQ:GOOGL) had its target price boosted by MKM Partners from $1,355.00 to $1,465.00 in a research report released on Wednesday morning, MarketBeat reports. MKM Partners currently has a buy rating on the information services provider’s stock.

Several other equities research analysts have also recently weighed in on GOOGL. Zacks Investment Research cut shares of Alphabet Inc Class A from a hold rating to a sell rating in a research report on Monday, July 2nd. Monness Crespi & Hardt raised their price objective on shares of Alphabet Inc Class A from $1,306.00 to $1,415.00 and gave the company a buy rating in a research report on Tuesday, July 24th. Canaccord Genuity reiterated a hold rating and set a $1,170.00 price target (up previously from $1,050.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. ValuEngine upgraded shares of Alphabet Inc Class A from a hold rating to a buy rating in a research report on Monday, July 2nd. Finally, Morgan Stanley reiterated an overweight rating and set a $1,250.00 price target (up previously from $1,200.00) on shares of Alphabet Inc Class A in a research report on Thursday, June 28th. Five analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company’s stock. Alphabet Inc Class A currently has an average rating of Buy and a consensus target price of $1,301.95.

GOOGL opened at $1,236.75 on Wednesday. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $850.27 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 1.54 and a beta of 1.13. Alphabet Inc Class A has a 1-year low of $919.31 and a 1-year high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, beating the consensus estimate of $9.51 by $2.24. The firm had revenue of $26.24 billion during the quarter, compared to analysts’ expectations of $25.64 billion. Alphabet Inc Class A had a net margin of 13.16% and a return on equity of 18.24%. During the same quarter last year, the company posted $5.01 EPS. equities research analysts forecast that Alphabet Inc Class A will post 42.73 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in GOOGL. Zevin Asset Management LLC lifted its position in shares of Alphabet Inc Class A by 7.8% in the fourth quarter. Zevin Asset Management LLC now owns 8,902 shares of the information services provider’s stock worth $9,378,000 after purchasing an additional 646 shares in the last quarter. Deltec Asset Management LLC lifted its position in shares of Alphabet Inc Class A by 2.8% in the fourth quarter. Deltec Asset Management LLC now owns 22,110 shares of the information services provider’s stock worth $23,291,000 after purchasing an additional 605 shares in the last quarter. MUFG Securities EMEA plc lifted its position in shares of Alphabet Inc Class A by 467.9% in the fourth quarter. MUFG Securities EMEA plc now owns 79,500 shares of the information services provider’s stock worth $83,745,000 after purchasing an additional 65,500 shares in the last quarter. Calton & Associates Inc. bought a new stake in shares of Alphabet Inc Class A in the fourth quarter worth $1,013,000. Finally, Alps Advisors Inc. lifted its position in shares of Alphabet Inc Class A by 253.7% in the fourth quarter. Alps Advisors Inc. now owns 1,008 shares of the information services provider’s stock worth $1,062,000 after purchasing an additional 723 shares in the last quarter. 33.54% of the stock is currently owned by hedge funds and other institutional investors.

About Alphabet Inc Class A

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.

Featured Article: Asset Allocation, Balancing Your Investments

Analyst Recommendations for Alphabet Inc Class A (NASDAQ:GOOGL)

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