Investors purchased shares of Alphabet Inc Class A (NASDAQ:GOOGL) on weakness during trading hours on Wednesday. $522.87 million flowed into the stock on the tick-up and $402.51 million flowed out of the stock on the tick-down, for a money net flow of $120.36 million into the stock. Of all companies tracked, Alphabet Inc Class A had the 5th highest net in-flow for the day. Alphabet Inc Class A traded down ($18.39) for the day and closed at $1,171.60

A number of equities analysts recently commented on GOOGL shares. Morgan Stanley reaffirmed an “overweight” rating and set a $1,250.00 price target (up from $1,200.00) on shares of Alphabet Inc Class A in a research report on Thursday, June 28th. Credit Suisse Group reaffirmed an “outperform” rating and set a $1,330.00 price target (down from $1,350.00) on shares of Alphabet Inc Class A in a research report on Monday, July 16th. Macquarie reaffirmed a “buy” rating and set a $1,250.00 price target on shares of Alphabet Inc Class A in a research report on Monday, August 27th. Citigroup reaffirmed a “buy” rating and set a $1,400.00 price target (up from $1,350.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $1,456.00 price target (up from $1,234.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. Five analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. Alphabet Inc Class A presently has an average rating of “Buy” and an average target price of $1,313.72.

The company has a current ratio of 4.15, a quick ratio of 4.13 and a debt-to-equity ratio of 0.02. The firm has a market cap of $819.54 billion, a P/E ratio of 36.56, a PEG ratio of 1.49 and a beta of 1.10.

Alphabet Inc Class A (NASDAQ:GOOGL) last released its earnings results on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, beating the consensus estimate of $9.51 by $2.24. Alphabet Inc Class A had a net margin of 13.16% and a return on equity of 18.24%. The firm had revenue of $26.24 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same period last year, the firm earned $5.01 EPS. equities analysts anticipate that Alphabet Inc Class A will post 42.46 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ashburton Jersey Ltd boosted its stake in shares of Alphabet Inc Class A by 10.4% in the 2nd quarter. Ashburton Jersey Ltd now owns 745 shares of the information services provider’s stock valued at $841,000 after purchasing an additional 70 shares in the last quarter. HRT Financial LLC boosted its stake in shares of Alphabet Inc Class A by 1,303.9% in the 2nd quarter. HRT Financial LLC now owns 4,352 shares of the information services provider’s stock valued at $4,914,000 after purchasing an additional 4,042 shares in the last quarter. Sturgeon Ventures LLP boosted its stake in shares of Alphabet Inc Class A by 8.8% in the 2nd quarter. Sturgeon Ventures LLP now owns 1,659 shares of the information services provider’s stock valued at $1,872,000 after purchasing an additional 134 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of Alphabet Inc Class A in the 2nd quarter valued at approximately $774,000. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Alphabet Inc Class A by 6.0% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 1,482 shares of the information services provider’s stock valued at $1,673,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 33.62% of the company’s stock.

About Alphabet Inc Class A (NASDAQ:GOOGL)

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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