Traders bought shares of Alphabet Inc. (NASDAQ:GOOGL) on weakness during trading hours on Monday. $347.26 million flowed into the stock on the tick-up and $294.61 million flowed out of the stock on the tick-down, for a money net flow of $52.65 million into the stock. Of all companies tracked, Alphabet had the 10th highest net in-flow for the day. Alphabet traded down ($5.31) for the day and closed at $920.87

Several equities analysts have recently issued reports on the company. SunTrust Banks, Inc. assumed coverage on Alphabet in a research report on Tuesday, August 15th. They set a “buy” rating and a $1,100.00 target price for the company. Cowen and Company restated an “outperform” rating and set a $1,075.00 target price on shares of Alphabet in a research report on Thursday, August 10th. MKM Partners restated a “buy” rating and set a $1,210.00 target price (up from $1,170.00) on shares of Alphabet in a research report on Thursday, August 10th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $1,050.00 price objective on shares of Alphabet in a research report on Wednesday, August 9th. Finally, Mizuho reiterated a “buy” rating and issued a $1,220.00 price objective on shares of Alphabet in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Alphabet has an average rating of “Buy” and a consensus price target of $1,053.45.

The firm has a market cap of $638.05 billion, a price-to-earnings ratio of 33.37 and a beta of 0.99. The firm’s 50 day moving average is $952.51 and its 200-day moving average is $912.15.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Monday, July 24th. The information services provider reported $5.01 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 business had revenue of $20.92 billion for the quarter, compared to analysts’ expectations of $20.83 billion. During the same quarter in the previous year, the firm earned $8.42 earnings per share. On average, equities research analysts predict that Alphabet Inc. will post $30.60 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. boosted its position in 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. boosted its position in 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 boosted its position in 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. Baystate Wealth Management LLC boosted its position in Alphabet by 0.7% in the second quarter. Baystate Wealth Management LLC now owns 295 shares of the information services provider’s stock worth $288,000 after buying an additional 2 shares during the last quarter. Finally, First Bank & Trust boosted its position in Alphabet by 0.3% in the second quarter. First Bank & Trust now owns 764 shares of the information services provider’s stock worth $710,000 after buying an additional 2 shares during the last quarter. Hedge funds and other institutional investors own 34.12% of the company’s stock.

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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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