Investors sold shares of Alphabet Inc. (NASDAQ:GOOGL) on strength during trading hours on Tuesday. $397.57 million flowed into the stock on the tick-up and $462.50 million flowed out of the stock on the tick-down, for a money net flow of $64.93 million out of the stock. Of all stocks tracked, Alphabet had the 0th highest net out-flow for the day. Alphabet traded up $19.53 for the day and closed at $940.40

Several equities analysts recently issued reports on GOOGL shares. B. Riley reiterated a “buy” rating and issued a $1,032.00 target price on shares of Alphabet in a research note on Friday, April 28th. Pivotal Research boosted their target price on shares of Alphabet from $950.00 to $990.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Monness Crespi & Hardt reiterated a “buy” rating and issued a $1,050.00 target price (up from $900.00) on shares of Alphabet in a research note on Friday, April 28th. Wells Fargo & Company reiterated a “buy” rating on shares of Alphabet in a research note on Friday, April 28th. Finally, Aegis reiterated a “buy” rating and issued a $1,090.00 target price (up from $1,011.00) on shares of Alphabet in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $1,053.45.

The stock has a market cap of $653.09 billion, a PE ratio of 34.16 and a beta of 0.99. The firm has a 50 day moving average price of $952.57 and a 200-day moving average price of $915.33.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the Zacks’ 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 during the quarter, compared to the consensus estimate of $20.83 billion. During the same quarter in the prior year, the business posted $8.42 EPS. Equities research analysts predict that Alphabet Inc. will post $30.60 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in GOOGL. Norges Bank purchased a new stake in shares of Alphabet during the fourth quarter worth approximately $2,411,505,000. Koch Industries Inc. increased its stake in shares of Alphabet by 181,219.4% in the second quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider’s stock worth $1,085,000 after buying an additional 1,085,504 shares in the last quarter. Harbour Capital Advisors LLC increased its stake in shares of Alphabet by 65,026.4% in the second quarter. Harbour Capital Advisors LLC now owns 743,744 shares of the information services provider’s stock worth $800,000 after buying an additional 742,602 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Alphabet by 3.3% in the second quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock worth $19,123,960,000 after buying an additional 662,279 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Alphabet by 3.1% in the second quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock worth $17,323,595,000 after buying an additional 567,337 shares in the last quarter. Institutional investors own 34.12% of the company’s stock.

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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.

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