UBS AG reaffirmed their buy rating on shares of Alphabet Inc. (NASDAQ:GOOGL) in a research report released on Tuesday morning, www.flashratings.com reports. UBS AG currently has a $1,080.00 price objective on the information services provider’s stock, up from their previous price objective of $1,050.00.

Several other research analysts have also issued reports on the company. Vetr upgraded Alphabet from a buy rating to a strong-buy rating and set a $1,069.98 target price for the company in a research report on Tuesday, June 27th. Pacific Crest restated an overweight rating and set a $1,040.00 target price on shares of Alphabet in a research report on Sunday, April 23rd. BMO Capital Markets restated an outperform rating and set a $1,005.00 target price on shares of Alphabet in a research report on Monday, March 27th. Barclays PLC started coverage on Alphabet in a research report on Tuesday, March 28th. They set an overweight rating and a $1,065.00 target price for the company. Finally, Morgan Stanley restated an overweight rating and set a $1,050.00 target price on shares of Alphabet in a research report on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $1,042.37.

Alphabet (NASDAQ:GOOGL) traded up 0.61% during midday trading on Tuesday, reaching $958.33. The company’s stock had a trading volume of 1,813,794 shares. The company’s 50-day moving average is $964.19 and its 200 day moving average is $901.58. The firm has a market cap of $664.01 billion, a price-to-earnings ratio of 34.73 and a beta of 1.00. Alphabet has a 12-month low of $743.59 and a 12-month high of $1,008.61.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $8.25 by $3.24. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The business had revenue of $20.92 billion for the quarter, compared to analysts’ expectations of $20.83 billion. During the same quarter last year, the firm earned $8.42 EPS. Equities analysts forecast that Alphabet will post $30.63 earnings per share for the current year.

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Several large investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in Alphabet during the fourth quarter valued at about $2,411,505,000. Glenview Capital Management LLC bought a new position in shares of Alphabet during the fourth quarter worth $605,119,000. Harbour Capital Advisors LLC raised its position in shares of Alphabet by 65,026.4% in the second quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock worth $800,000 after buying an additional 742,602 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Alphabet during the fourth quarter worth $341,958,000. Finally, Dodge & Cox bought a new position in shares of Alphabet during the fourth quarter worth $260,940,000. 34.36% of the stock is currently owned by institutional investors and hedge funds.

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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