Traders bought shares of Alphabet Inc. (NASDAQ:GOOGL) on weakness during trading on Wednesday. $238.11 million flowed into the stock on the tick-up and $153.61 million flowed out of the stock on the tick-down, for a money net flow of $84.50 million into the stock. Of all companies tracked, Alphabet had the highest net in-flow for the day. Alphabet traded down ($3.03) for the day and closed at $729.48

Several research firms have recently weighed in on GOOGL. Citigroup Inc. reissued a “hold” rating on shares of Alphabet in a research note on Saturday, April 2nd. B. Riley reduced their price objective on Alphabet from $930.00 to $875.00 and set a “buy” rating for the company in a research note on Friday, April 22nd. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research note on Saturday, April 23rd. Piper Jaffray Cos. reissued a “buy” rating on shares of Alphabet in a research note on Saturday, April 23rd. Finally, Evercore ISI reissued a “buy” rating on shares of Alphabet in a research note on Saturday, April 23rd. Four equities research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $898.23.

The firm has a 50-day moving average of $721.78 and a 200-day moving average of $735.57. The company has a market capitalization of $500.83 billion and a PE ratio of 29.68.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, April 21st. The company reported $7.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.96 by $0.46. During the same quarter in the previous year, the business posted $6.47 EPS. On average, equities analysts expect that Alphabet Inc. will post $33.51 earnings per share for the current fiscal year.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Mandatum Life Insurance Co Ltd purchased a new position in Alphabet during the fourth quarter worth $1,033,000. Enterprise Financial Services Corp raised its stake in shares of Alphabet by 5.2% in the fourth quarter. Enterprise Financial Services Corp now owns 1,349 shares of the company’s stock valued at $1,050,000 after buying an additional 67 shares in the last quarter. Hamilton Point Investment Advisors LLC raised its stake in shares of Alphabet by 1.9% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 1,389 shares of the company’s stock valued at $1,081,000 after buying an additional 26 shares in the last quarter. Sheets Smith Wealth Management bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $1,151,000. Finally, Dumont & Blake Investment Advisors LLC raised its stake in shares of Alphabet by 1.7% in the fourth quarter. Dumont & Blake Investment Advisors LLC now owns 1,489 shares of the company’s stock valued at $1,158,000 after buying an additional 25 shares in the last quarter.

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

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