Traders purchased shares of Alphabet Inc (NASDAQ:GOOGL) on weakness during trading on Monday. $296.49 million flowed into the stock on the tick-up and $204.91 million flowed out of the stock on the tick-down, for a money net flow of $91.58 million into the stock. Of all equities tracked, Alphabet had the 3rd highest net in-flow for the day. Alphabet traded down ($3.25) for the day and closed at $951.99

GOOGL has been the subject of several recent research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $1,200.00 price target (up previously from $950.00) on shares of Alphabet in a report on Sunday, May 28th. UBS Group AG reaffirmed a “buy” rating and issued a $1,050.00 price target on shares of Alphabet in a report on Monday, May 15th. MKM Partners reaffirmed a “buy” rating and issued a $1,170.00 price target (up previously from $1,000.00) on shares of Alphabet in a report on Monday, May 8th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, May 22nd. Finally, Aegis reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $1,053.45.

The stock has a market cap of $659.61 billion, a price-to-earnings ratio of 34.50 and a beta of 0.98. The company has a 50 day moving average price of $950.91 and a 200-day moving average price of $920.20.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the consensus estimate of $8.25 by $3.24. Alphabet had a return on equity of 9.64% and a net margin of 13.55%. The company had revenue of $20.92 billion for the quarter, compared to the consensus estimate of $20.83 billion. During the same period in the previous year, the business posted $8.42 EPS. On average, equities analysts forecast that Alphabet Inc will post $30.59 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in 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 acquiring an additional 662,279 shares during the last quarter. BlackRock Inc. lifted its holdings in 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 acquiring an additional 567,337 shares during the last quarter. FMR LLC lifted its holdings in Alphabet by 2.1% in the second quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock worth $16,406,366,000 after acquiring an additional 367,634 shares during the last quarter. State Street Corp lifted its holdings in Alphabet by 1.2% in the first quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock worth $10,128,119,000 after acquiring an additional 142,214 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in Alphabet by 2.4% in the second quarter. Capital Research Global Investors now owns 4,308,195 shares of the information services provider’s stock worth $4,005,243,000 after acquiring an additional 102,133 shares during the last quarter. 33.88% 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.

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