Alphabet Inc. (NASDAQ:GOOGL)‘s stock had its “overweight” rating restated by investment analysts at Piper Jaffray Companies in a research note issued on Wednesday. They currently have a $1,050.00 target price on the information services provider’s stock. Piper Jaffray Companies’ target price points to a potential upside of 11.69% from the stock’s current price.

GOOGL has been the topic of several other reports. JMP Securities reaffirmed an “outperform” rating and set a $1,095.00 price target (up from $1,020.00) on shares of Alphabet in a research note on Monday, May 1st. Cowen and Company reaffirmed an “outperform” rating and set a $1,050.00 price target on shares of Alphabet in a research note on Monday, April 24th. Societe Generale set a $1,210.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday, July 7th. They noted that the move was a valuation call. MKM Partners reaffirmed a “buy” rating and set a $1,170.00 price target (up from $1,000.00) on shares of Alphabet in a research note on Monday, May 8th. Finally, Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $893.60 price target on the stock. in a research note on Monday, April 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $1,047.81.

Alphabet (NASDAQ:GOOGL) traded down 0.44% during trading on Wednesday, hitting $940.08. 1,400,852 shares of the stock traded hands. The stock has a market cap of $651.36 billion, a P/E ratio of 34.07 and a beta of 0.99. Alphabet has a 52-week low of $743.59 and a 52-week high of $1,008.61. The company’s 50 day moving average price is $961.20 and its 200-day moving average price is $905.21.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $8.25 by $3.24. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The firm had revenue of $20.92 billion for the quarter, compared to analyst estimates of $20.83 billion. During the same period in the prior year, the business earned $8.42 earnings per share. Equities research analysts forecast that Alphabet will post $30.59 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the stock. Ancora Advisors LLC boosted its stake in Alphabet by 261.6% in the fourth quarter. Ancora Advisors LLC now owns 3,913 shares of the information services provider’s stock worth $3,101,000 after buying an additional 2,831 shares during the last quarter. Alta Capital Management LLC boosted its stake in Alphabet by 1.3% in the first quarter. Alta Capital Management LLC now owns 79,008 shares of the information services provider’s stock worth $66,982,000 after buying an additional 1,001 shares during the last quarter. Chescapmanager LLC bought a new stake in Alphabet during the fourth quarter worth about $9,509,000. Patriot Wealth Management Inc. boosted its stake in shares of Alphabet by 2.6% in the first quarter. Patriot Wealth Management Inc. now owns 5,599 shares of the information services provider’s stock worth $4,747,000 after buying an additional 141 shares in the last quarter. Finally, JW Asset Management LLC boosted its stake in shares of Alphabet by 40.0% in the fourth quarter. JW Asset Management LLC now owns 10,500 shares of the information services provider’s stock worth $8,321,000 after buying an additional 3,000 shares in the last quarter. Institutional investors own 34.31% of the company’s stock.

About Alphabet

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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