Cantor Fitzgerald restated their buy rating on shares of Alphabet Inc. (NASDAQ:GOOGL) in a research report report published on Thursday morning. Cantor Fitzgerald currently has a $1,100.00 price objective on the information services provider’s stock.

GOOGL has been the subject of a number of other reports. Morgan Stanley restated an overweight rating and set a $1,050.00 price objective on shares of Alphabet in a research note on Wednesday, May 24th. Wells Fargo & Co restated an outperform rating and set a $1,150.00 price objective on shares of Alphabet in a research note on Wednesday, May 24th. Jefferies Group LLC restated a buy rating and set a $1,200.00 price objective (up from $950.00) on shares of Alphabet in a research note on Sunday, May 28th. Royal Bank Of Canada restated an outperform rating and set a $1,050.00 price objective on shares of Alphabet in a research note on Thursday, June 1st. Finally, Instinet restated a buy rating on shares of Alphabet in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, forty-one have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $1,054.01.

Alphabet (NASDAQ:GOOGL) opened at 943.26 on Thursday. The stock has a market capitalization of $653.57 billion, a price-to-earnings ratio of 34.18 and a beta of 0.98. Alphabet has a 12 month low of $743.59 and a 12 month high of $1,008.61. The stock’s 50 day moving average is $939.49 and its 200-day moving average is $928.76.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $8.25 by ($3.24). The firm had revenue of $20.92 billion for 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 in the prior year, the company posted $8.42 earnings per share. On average, equities research analysts expect that Alphabet will post $30.59 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Alphabet by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock valued at $19,123,960,000 after acquiring an additional 662,279 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Alphabet by 3.1% during the 2nd quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock valued at $17,323,595,000 after acquiring an additional 567,337 shares during the last quarter. FMR LLC increased its holdings in shares of Alphabet by 2.1% during the 2nd quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock valued at $16,406,366,000 after acquiring an additional 367,634 shares during the last quarter. State Street Corp increased its holdings in shares of Alphabet by 1.2% during the 1st quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock valued at $10,128,119,000 after acquiring an additional 142,214 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of Alphabet by 2.4% during the 2nd quarter. Capital Research Global Investors now owns 4,308,195 shares of the information services provider’s stock valued at $4,005,243,000 after acquiring an additional 102,133 shares during the last quarter. 33.85% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

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