Investors sold shares of Alphabet Inc. (NASDAQ:GOOGL) on strength during trading hours on Thursday. $323.40 million flowed into the stock on the tick-up and $450.75 million flowed out of the stock on the tick-down, for a money net flow of $127.35 million out of the stock. Of all companies tracked, Alphabet had the 0th highest net out-flow for the day. Alphabet traded up $11.61 for the day and closed at $955.24

GOOGL has been the topic of a number of research analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $1,200.00 target price (up from $950.00) on shares of Alphabet in a research note on Sunday, May 28th. UBS AG reiterated a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a research note on Monday, May 15th. MKM Partners reiterated a “buy” rating and issued a $1,170.00 target price (up from $1,000.00) on shares of Alphabet in a research note on Monday, May 8th. Deutsche Bank AG reiterated a “buy” rating on shares of Alphabet in a research note on Monday, May 22nd. Finally, Aegis reiterated a “buy” rating on shares of Alphabet in a research note on Monday, May 22nd. One equities 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 given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $1,053.45.

The stock’s 50-day moving average price is $950.91 and its 200 day moving average price is $920.20. The stock has a market capitalization of $659.61 billion, a PE ratio of 34.50 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results 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 firm had revenue of $20.92 billion during the quarter, compared to analysts’ expectations of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same period in the previous year, the company earned $8.42 earnings per share. On average, equities analysts forecast that Alphabet Inc. will post $30.59 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. Griffin Asset Management Inc. acquired a new stake in Alphabet during the second quarter valued at approximately $406,000. Gs Investments Inc. acquired a new stake in Alphabet during the second quarter valued at approximately $1,811,000. Lord Abbett & CO. LLC boosted its stake in Alphabet by 0.4% in the second quarter. Lord Abbett & CO. LLC now owns 119,889 shares of the information services provider’s stock valued at $111,458,000 after buying an additional 440 shares during the period. USA Financial Portformulas Corp acquired a new stake in Alphabet during the second quarter valued at approximately $5,555,000. Finally, Paradigm Financial Advisors LLC boosted its stake in Alphabet by 4.5% in the second quarter. Paradigm Financial Advisors LLC now owns 2,456 shares of the information services provider’s stock valued at $2,283,000 after buying an additional 106 shares during the period. 33.87% of the stock is currently owned by hedge funds and other institutional investors.

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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.