Traders purchased shares of Alphabet Inc. (NASDAQ:GOOGL) on weakness during trading hours on Tuesday. $411.29 million flowed into the stock on the tick-up and $301.23 million flowed out of the stock on the tick-down, for a money net flow of $110.06 million into the stock. Of all equities tracked, Alphabet had the 3rd highest net in-flow for the day. Alphabet traded down ($10.51) for the day and closed at $941.48

A number of brokerages have recently weighed in on GOOGL. Credit Suisse Group restated an “outperform” rating on shares of Alphabet in a research report on Thursday, August 31st. Monness Crespi & Hardt restated a “buy” rating on shares of Alphabet in a research report on Saturday, August 26th. Robert W. Baird restated an “outperform” rating and issued a $1,100.00 price target on shares of Alphabet in a research report on Saturday, August 26th. UBS AG restated an “overweight” rating on shares of Alphabet in a research report on Thursday, August 24th. Finally, SunTrust Banks, Inc. began coverage on Alphabet in a research report on Tuesday, August 15th. They issued a “buy” rating and a $1,100.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and a consensus price target of $1,053.45.

The company has a 50-day moving average of $949.18 and a 200 day moving average of $922.65. The stock has a market capitalization of $652.33 billion, a P/E ratio of 34.12 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last posted 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. The firm had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same period last year, the company earned $8.42 EPS. Equities research analysts expect that Alphabet Inc. will post $30.59 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. Pure Financial Advisors Inc. raised its holdings in Alphabet by 0.4% in the 2nd quarter. Pure Financial Advisors Inc. now owns 278 shares of the information services provider’s stock valued at $258,000 after acquiring an additional 1 shares in the last quarter. Delta Asset Management LLC TN raised its holdings in Alphabet by 1.5% in the 1st quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after acquiring an additional 2 shares in the last quarter. Baystate Wealth Management LLC raised its holdings in Alphabet by 0.7% in the 2nd quarter. Baystate Wealth Management LLC now owns 295 shares of the information services provider’s stock valued at $288,000 after acquiring an additional 2 shares in the last quarter. First Bank & Trust raised its holdings in Alphabet by 0.3% in the 2nd quarter. First Bank & Trust now owns 764 shares of the information services provider’s stock valued at $710,000 after acquiring an additional 2 shares in the last quarter. Finally, Fort Pitt Capital Group LLC raised its holdings in Alphabet by 0.3% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 723 shares of the information services provider’s stock valued at $672,000 after acquiring an additional 2 shares in the last quarter. 33.88% of the stock is 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.