Nomura reissued their buy rating on shares of Alphabet (NASDAQ:GOOGL) in a report published on Tuesday. Nomura currently has a $1,400.00 price target on the information services provider’s stock.

Several other equities analysts have also recently commented on GOOGL. Macquarie reissued a buy rating and issued a $1,250.00 price target on shares of Alphabet in a research report on Wednesday, August 15th. Jefferies Financial Group reissued a buy rating and issued a $1,450.00 price target on shares of Alphabet in a research report on Tuesday, August 21st. MKM Partners raised their price target on shares of Alphabet from $1,355.00 to $1,465.00 and gave the company a buy rating in a research report on Wednesday, August 22nd. Morgan Stanley reissued an overweight rating and issued a $1,515.00 price target (up previously from $1,325.00) on shares of Alphabet in a research report on Wednesday, August 29th. Finally, Zacks Investment Research cut shares of Alphabet from a hold rating to a sell rating in a research report on Tuesday, September 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirty have assigned a buy rating to the company’s stock. Alphabet currently has a consensus rating of Buy and an average price target of $1,330.16.

Shares of GOOGL stock opened at $1,046.58 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.10. Alphabet has a 52 week low of $984.00 and a 52 week high of $1,291.44. The company has a market capitalization of $750.21 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 1.33 and a beta of 1.06.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $10.54 by $2.52. Alphabet had a net margin of 14.45% and a return on equity of 19.40%. The company had revenue of $27.16 billion during the quarter, compared to analysts’ expectations of $27.32 billion. As a group, equities analysts forecast that Alphabet will post 45.02 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. raised its stake in Alphabet by 379.8% during the 3rd quarter. Marshall Wace North America L.P. now owns 223,435 shares of the information services provider’s stock worth $269,704,000 after acquiring an additional 176,870 shares in the last quarter. Marshall Wace LLP increased its stake in Alphabet by 209.6% in the third quarter. Marshall Wace LLP now owns 148,307 shares of the information services provider’s stock valued at $179,018,000 after purchasing an additional 100,402 shares during the period. MARSHALL WACE ASIA Ltd increased its stake in Alphabet by 2,089.3% in the third quarter. MARSHALL WACE ASIA Ltd now owns 97,141 shares of the information services provider’s stock valued at $117,257,000 after purchasing an additional 92,704 shares during the period. Matthew Goff Investment Advisor LLC acquired a new position in Alphabet in the third quarter valued at $107,000. Finally, Burleson & Company LLC increased its stake in Alphabet by 190.1% in the third quarter. Burleson & Company LLC now owns 673 shares of the information services provider’s stock valued at $691,000 after purchasing an additional 441 shares during the period. Hedge funds and other institutional investors own 30.54% of the company’s stock.

Alphabet Company Profile

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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Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

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