ibusinesslines.com July 18, 2018

Brokerages Set Alphabet Inc. (GOOG) PT at $1040.18

13 October 2017, 11:06 | Kelvin Horton

Vetr upgraded Alphabet from a "buy" rating to a "strong-buy" rating and set a $1,069.98 target price on the stock in a research report on Tuesday, June 27th. The Sr VP now owns $0 of the stock as reported to the SEC. Credit Suisse maintained Alphabet Inc (NASDAQ:GOOGL) on Monday, July 10 with "Buy" rating. Jefferies Group LLC reiterated a "buy" rating and set a $1,200.00 price target on shares of Alphabet in a research note on Tuesday, July 4th. The stock of Alphabet Inc (NASDAQ:GOOGL) has "Buy" rating given on Monday, July 24 by RBC Capital Markets.

Alphabet (NASDAQ:GOOGL) opened at 993.27 on Friday. Shares of the company are trading at $989.25 which is marginally higher than $938.42, the stock's 50 day moving average and which is marginally over the 200 day moving average of $922.72. The firm's 50-day moving average price is $953.18 and its 200-day moving average price is $940.96.

Alphabet Inc.'s P/E ratio is 35.85 and market capitalization is 685.43B. Google has $1350.0 highest and $670 lowest target. Oppenheimer maintained Alphabet Inc (NASDAQ:GOOGL) on Monday, July 17 with "Buy" rating. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The company had revenue of $20.12 billion during the quarter, compared to the consensus estimate of $19.65 billion. The firm earned "Overweight" rating on Wednesday, June 8 by Morgan Stanley. On average, analysts anticipate that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.

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Shares of Alphabet Inc. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. The total value of its holdings decreased 5.1%. As per Tuesday, February 2, the company rating was maintained by FBR Capital. (NASDAQ:GOOGL) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The shares were sold at an average price of $958.40, for a total transaction of $3,833,600.00. Over the last 90 days, insiders have sold 40,694 shares of company stock worth $38,042,264.

A number of other hedge funds have also made changes to their positions in GOOGL. Doyle Wealth Management grew its position in shares of Alphabet by 6.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider's stock valued at $118,000 after buying an additional 36 shares during the period. Delta Asset Management LLC TN now owns 136 shares of the information services provider's stock valued at $116,000 after purchasing an additional 2 shares during the period. Pure Financial Advisors Inc. now owns 278 shares of the information services provider's stock valued at $258,000 after buying an additional 1 shares in the last quarter. Finally, Odey Holdings AG lifted its holdings in shares of Alphabet by 18.2% in the 2nd quarter. Hartford Investment Management Co. now owns 79,529 shares of the information services provider's stock valued at $65,974,000 after acquiring an additional 4,602 shares during the period.

Ltd says it bought 950 shares in the previous quarter increasing its exposure to Alphabet Inc.by 1.0%. (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.

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