Argus reaffirmed their buy rating on shares of Alphabet Inc (NASDAQ:GOOGL) in a research note issued to investors on Friday morning. They currently have a $968.72 price objective on the information services provider’s stock, down from their prior price objective of $1,085.00.

A number of other research analysts have also commented on GOOGL. UBS AG reaffirmed a buy rating and set a $980.00 price objective on shares of Alphabet in a research report on Monday, March 27th. B. Riley reaffirmed a buy rating and set a $1,032.00 price objective on shares of Alphabet in a research report on Wednesday, May 3rd. Loop Capital began coverage on shares of Alphabet in a research report on Friday, March 31st. They set a hold rating and a $800.00 price objective for the company. Societe Generale set a $1,210.00 price objective on shares of Alphabet and gave the company a buy rating in a research report on Friday, July 7th. They noted that the move was a valuation call. Finally, Aegis reaffirmed a buy rating and set a $1,011.00 price objective on shares of Alphabet in a research report on Sunday, April 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and forty-one have given a buy rating to the company. Alphabet has an average rating of Buy and an average price target of $1,018.89.

Shares of Alphabet (NASDAQ GOOGL) traded down 0.10% during mid-day trading on Friday, hitting $975.96. The stock had a trading volume of 1,660,464 shares. The firm’s 50 day moving average price is $972.78 and its 200-day moving average price is $880.30. The company has a market cap of $675.12 billion, a PE ratio of 32.98 and a beta of 1.00. Alphabet has a one year low of $734.64 and a one year high of $1,008.61.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, April 27th. The information services provider reported $7.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $7.24 by $0.49. Alphabet had a net margin of 21.92% and a return on equity of 15.33%. The company had revenue of $20.12 billion during the quarter, compared to analysts’ expectations of $19.65 billion. During the same period in the prior year, the company earned $7.50 earnings per share. On average, equities research analysts anticipate that Alphabet will post $34.03 earnings per share for the current fiscal year.

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Several large investors have recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. raised its stake in shares of Alphabet by 0.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 170 shares of the information services provider’s stock worth $135,000 after buying an additional 1 shares during the last quarter. Pure Financial Advisors Inc. raised its stake in shares of Alphabet by 0.4% in the second quarter. Pure Financial Advisors Inc. now owns 278 shares of the information services provider’s stock worth $258,000 after buying an additional 1 shares during the last quarter. Delta Asset Management LLC TN raised its stake in shares of Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock worth $116,000 after buying an additional 2 shares during the last quarter. InterOcean Capital LLC raised its stake in shares of Alphabet by 0.3% in the fourth quarter. InterOcean Capital LLC now owns 971 shares of the information services provider’s stock worth $769,000 after buying an additional 3 shares during the last quarter. Finally, RB Capital Management LLC raised its stake in shares of Alphabet by 0.4% in the second quarter. RB Capital Management LLC now owns 704 shares of the information services provider’s stock worth $654,000 after buying an additional 3 shares during the last quarter. Institutional investors and hedge funds own 34.33% of the company’s stock.

Alphabet Company Profile

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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