Alphabet’s (NASDAQ:GOOGL) Buy Rating Reaffirmed at Mizuho
Mizuho reissued their buy rating on shares of Alphabet Inc. (NASDAQ:GOOGL) in a report published on Monday morning, Marketbeat Ratings reports. The firm currently has a $1,220.00 price target on the information services provider’s stock.
GOOGL has been the topic of several other reports. Wedbush restated an underperform rating and issued a $725.00 price objective (up from $700.00) on shares of Alphabet in a research report on Saturday, April 29th. J P Morgan Chase & Co upped their price objective on shares of Alphabet from $1,075.00 to $1,115.00 and gave the stock an overweight rating in a research report on Saturday, July 22nd. Vetr upgraded shares of Alphabet from a hold rating to a buy rating and set a $1,020.52 price objective on the stock in a research report on Tuesday, July 25th. Canaccord Genuity cut shares of Alphabet from a buy rating to a hold rating and upped their price objective for the stock from $967.93 to $1,000.00 in a research report on Thursday, June 15th. Finally, FBR & Co restated an outperform rating and issued a $1,050.00 price objective (up from $1,032.00) on shares of Alphabet in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $1,047.77.
Shares of Alphabet (NASDAQ:GOOGL) traded up 0.36% on Monday, reaching $949.17. 1,042,223 shares of the company traded hands. Alphabet has a one year low of $743.59 and a one year high of $1,008.61. The company has a market capitalization of $657.66 billion, a PE ratio of 34.40 and a beta of 0.99. The firm has a 50-day moving average price of $963.05 and a 200 day moving average price of $904.34.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $8.25 by $3.24. The company had revenue of $20.92 billion during the quarter, compared to the consensus estimate of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same quarter last year, the company posted $8.42 earnings per share. Equities analysts forecast that Alphabet will post $30.60 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP boosted its stake in Alphabet by 29.5% in the fourth quarter. GSA Capital Partners LLP now owns 2,091 shares of the information services provider’s stock valued at $1,657,000 after buying an additional 476 shares during the period. Franklin Resources Inc. boosted its stake in Alphabet by 1.0% in the fourth quarter. Franklin Resources Inc. now owns 1,575,345 shares of the information services provider’s stock valued at $1,248,643,000 after buying an additional 16,006 shares during the period. Levin Capital Strategies L.P. boosted its stake in Alphabet by 0.3% in the fourth quarter. Levin Capital Strategies L.P. now owns 9,115 shares of the information services provider’s stock valued at $7,223,000 after buying an additional 25 shares during the period. Intellectus Partners LLC acquired a new stake in Alphabet during the fourth quarter valued at approximately $2,762,000. Finally, Moloney Securities Asset Management LLC acquired a new stake in Alphabet during the fourth quarter valued at approximately $2,351,000. Hedge funds and other institutional investors own 34.31% 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.
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