Investors sold shares of Alphabet Inc. (NASDAQ:GOOGL) on strength during trading on Thursday. $221.95 million flowed into the stock on the tick-up and $279.25 million flowed out of the stock on the tick-down, for a money net flow of $57.30 million out of the stock. Of all equities tracked, Alphabet had the 0th highest net out-flow for the day. Alphabet traded up $7.87 for the day and closed at $949.89

A number of equities analysts have issued reports on GOOGL shares. UBS AG reissued a “buy” rating and set a $1,050.00 price target on shares of Alphabet in a research report on Monday, May 15th. B. Riley reissued a “buy” rating and set a $1,050.00 price target on shares of Alphabet in a research report on Sunday, July 30th. MKM Partners reissued a “buy” rating and set a $1,210.00 price target (up from $1,170.00) on shares of Alphabet in a research report on Thursday, August 10th. Cowen and Company reissued an “outperform” rating and set a $1,075.00 price target on shares of Alphabet in a research report on Thursday, August 10th. Finally, Vetr raised shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,053.55 price target for the company in a research report on Monday, July 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $1,053.45.

The firm’s 50-day moving average is $945.22 and its 200-day moving average is $923.12. The stock has a market capitalization of $652.28 billion, a P/E ratio of 34.12 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing analysts’ consensus estimates 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 quarter last year, the business earned $8.42 earnings per share. On average, analysts anticipate that Alphabet Inc. will post $30.59 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Alta Capital Management LLC raised its holdings in shares of Alphabet by 1.3% in the 1st quarter. Alta Capital Management LLC now owns 79,008 shares of the information services provider’s stock worth $66,982,000 after purchasing an additional 1,001 shares during the period. Patriot Wealth Management Inc. raised its holdings in shares of Alphabet by 2.6% in the 1st quarter. Patriot Wealth Management Inc. now owns 5,599 shares of the information services provider’s stock worth $4,747,000 after purchasing an additional 141 shares during the period. Girard Partners LTD. raised its holdings in shares of Alphabet by 10.7% in the 1st quarter. Girard Partners LTD. now owns 4,528 shares of the information services provider’s stock worth $3,839,000 after purchasing an additional 439 shares during the period. Courier Capital LLC raised its holdings in shares of Alphabet by 7.9% in the 1st quarter. Courier Capital LLC now owns 617 shares of the information services provider’s stock worth $523,000 after purchasing an additional 45 shares during the period. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC raised its holdings in shares of Alphabet by 11.0% in the 1st quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 1,736 shares of the information services provider’s stock worth $1,471,000 after purchasing an additional 172 shares during the period. Institutional investors own 33.88% of the company’s stock.

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Alphabet Company Profile

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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