Royal Bank Of Canada Reaffirms "Buy" Rating for Alphabet Inc. (GOOGL)

13 October, 2017, 11:06 | Author: Leticia Walters
  • 039;OK Google,' How Will Alphabet Perform In Q3

(NASDAQ:GOOG) have been given a consensus recommendation of "Buy" by the forty-seven ratings firms that are presently covering the firm, MarketBeat reports. The company now has a consensus rating of Buy and an average target price of $1,002.75.

A number of analysts recently issued reports on the stock.

Investors wait Alphabet Inc (NASDAQ:GOOGL) to report on October, 26. its quarterly earnings Wall Street analysts expect $8.43 EPS, up $1.18 or 16.28 % from last year's $7.25 same quarter earnings. The rating was maintained by Credit Suisse on Friday, October 23 with "Outperform". Wells Fargo & Company reiterated an "outperform" rating and issued a $1,150.00 target price on shares of Alphabet in a research report on Saturday, July 22nd.

Alphabet Inc. (NASDAQ:GOOGL) continues to be a formidable company.

Alphabet (NASDAQ GOOG) traded down 0.14% during midday trading on Friday, hitting $987.83.

The company is so far trading up by 1.71%% since yesterday's close of 972.6. The 50 day moving average moved up $50.83 and the 200 day average moved up $66.53. The firm has a market capitalization of $687.09 billion, a P/E ratio of 33.56 and a beta of 0.98. On July 25 Bank of America held the company rating at "Buy" and lowered the price target to $1.00 from $580.00. Aegis Capital maintained Alphabet Inc (NASDAQ:GOOGL) on Monday, July 24 with "Buy" rating. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The business had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. As per Friday, September 29, the company rating was maintained by Morgan Stanley. The company's revenue was up 21.0% on a year-over-year basis. After $5.01 actual EPS reported by Alphabet Inc for the previous quarter, Wall Street now forecasts 68.26% EPS growth.

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Shares of Alphabet (GOOGL) opened at 1005.65 on Tuesday. The total value of its holdings decreased 5.1%. The value of the company's investment in Alphabet Inc. went from $1,139,000 to $1,145,000 a change of 0.5% quarter to quarter. (NASDAQ:GOOGL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Franklin Parlapiano Turner & Welch LLC purchased a new stake in shares of Alphabet during the first quarter valued at approximately $108,000. Sundar Pichai, CEO let go of $3,748,040 worth of shares at an average price of $937.01 on Wednesday the 6th. Over the last 90 days, insiders have sold 40,694 shares of company stock worth $38,042,264. Farmers National Bank now owns 150 shares of the information services provider's stock valued at $127,000 after purchasing an additional 4 shares during the period. Carret Asset Management LLC now owns 9,982 shares of the information services provider's stock valued at $8,281,000 after acquiring an additional 145 shares during the period. LLC boosted its stake in shares of Alphabet by 1.1% in the first quarter. Neville Rodie & Shaw Inc. raised its holdings in shares of Alphabet by 1.4% in the 3rd quarter. Odey Holdings AG now owns 130 shares of the information services provider's stock valued at $121,000 after buying an additional 20 shares during the period. Finally, Hartford Investment Management Co. grew its position in shares of Alphabet by 6.1% in the 1st quarter.

Want to see what other hedge funds are holding GOOGL? On the opposite side of that transaction from Geode Capital Management, Llc stood Vanguard Group Inc which added 333 shares to its existing stake, bringing total stake held in GOOGL to 18790 shares.

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