Investors bought shares of Alphabet Inc (NASDAQ:GOOGL) on weakness during trading hours on Friday. $485.51 million flowed into the stock on the tick-up and $360.38 million flowed out of the stock on the tick-down, for a money net flow of $125.13 million into the stock. Of all stocks tracked, Alphabet had the 4th highest net in-flow for the day. Alphabet traded down ($14.36) for the day and closed at $1,064.47

GOOGL has been the topic of several research analyst reports. Macquarie reissued a “buy” rating and issued a $1,250.00 target price on shares of Alphabet in a report on Thursday, September 27th. Pivotal Research lowered their target price on shares of Alphabet from $1,080.00 to $1,010.00 and set a “hold” rating on the stock in a report on Friday, October 12th. Wedbush initiated coverage on shares of Alphabet in a report on Wednesday, October 17th. They issued an “outperform” rating and a $1,350.00 target price on the stock. Canaccord Genuity reissued a “hold” rating and issued a $1,140.00 target price (down previously from $1,170.00) on shares of Alphabet in a report on Friday, October 26th. Finally, Barclays lowered their target price on shares of Alphabet from $1,415.00 to $1,400.00 and set an “overweight” rating on the stock in a report on Friday, October 26th. Three analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $1,344.59.

The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. The stock has a market cap of $752.70 billion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 1.26 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $10.54 by $2.52. Alphabet had a net margin of 14.45% and a return on equity of 19.40%. The business had revenue of $27.16 billion for the quarter, compared to analysts’ expectations of $27.32 billion. Equities analysts expect that Alphabet Inc will post 45.32 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pegasus Partners Ltd. lifted its stake in Alphabet by 18.5% in the second quarter. Pegasus Partners Ltd. now owns 468 shares of the information services provider’s stock worth $528,000 after acquiring an additional 73 shares during the period. Swarthmore Group Inc. lifted its stake in Alphabet by 6.3% in the second quarter. Swarthmore Group Inc. now owns 8,050 shares of the information services provider’s stock worth $9,090,000 after acquiring an additional 475 shares during the period. Robecosam AG lifted its position in shares of Alphabet by 5.5% during the second quarter. Robecosam AG now owns 6,034 shares of the information services provider’s stock valued at $6,799,000 after buying an additional 316 shares during the last quarter. Silicon Valley Capital Partners lifted its position in shares of Alphabet by 9.2% during the second quarter. Silicon Valley Capital Partners now owns 2,265 shares of the information services provider’s stock valued at $2,780,000 after buying an additional 191 shares during the last quarter. Finally, LGT Capital Partners LTD. lifted its position in shares of Alphabet by 3.3% during the second quarter. LGT Capital Partners LTD. now owns 45,997 shares of the information services provider’s stock valued at $51,939,000 after buying an additional 1,452 shares during the last quarter. Hedge funds and other institutional investors own 33.32% of the company’s stock.

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About Alphabet (NASDAQ:GOOGL)

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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