Investors 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

Several brokerages have recently weighed in on GOOGL. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,052.36 price objective on the stock in a research report on Monday, June 5th. Zacks Investment Research lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Citigroup Inc. raised their price target on shares of Alphabet from $1,135.00 to $1,180.00 and gave the stock a “buy” rating in a research report on Tuesday, July 25th. They noted that the move was a valuation call. Credit Suisse Group reaffirmed an “outperform” rating and set a $1,100.00 price target (down from $1,150.00) on shares of Alphabet in a research report on Tuesday, July 25th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $1,200.00 price target on shares of Alphabet in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $1,053.45.

The company has a market cap of $652.71 billion, a P/E ratio of 34.14 and a beta of 0.98. The firm has a 50-day moving average of $947.90 and a 200-day moving average of $922.79.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.25 by $3.24. The business had revenue of $20.92 billion for the quarter, compared to the consensus estimate 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 business posted $8.42 EPS. On average, equities analysts anticipate that Alphabet Inc. will post $30.59 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of GOOGL. Moreno Evelyn V raised its stake in Alphabet by 15.6% during the 1st quarter. Moreno Evelyn V now owns 4,394 shares of the information services provider’s stock valued at $3,725,000 after purchasing an additional 592 shares during the period. Bridges Investment Management Inc. raised its stake in Alphabet by 0.3% during the 1st quarter. Bridges Investment Management Inc. now owns 10,334 shares of the information services provider’s stock valued at $8,762,000 after purchasing an additional 29 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in Alphabet by 3.2% during the 1st quarter. Chevy Chase Trust Holdings Inc. now owns 303,273 shares of the information services provider’s stock valued at $257,114,000 after purchasing an additional 9,454 shares during the period. Rathbone Brothers plc raised its stake in Alphabet by 18.6% during the 1st quarter. Rathbone Brothers plc now owns 35,495 shares of the information services provider’s stock valued at $30,093,000 after purchasing an additional 5,556 shares during the period. Finally, Watch Point Trust Co raised its stake in Alphabet by 1.3% during the 1st quarter. Watch Point Trust Co now owns 1,194 shares of the information services provider’s stock valued at $1,013,000 after purchasing an additional 15 shares during the period. 33.88% of the stock is currently owned by 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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