Alphabet Inc Class A (GOOGL) Receives $1,207.09 Average Target Price from Analysts

Shares of Alphabet Inc Class A (NASDAQ:GOOGL) have been given an average rating of “Buy” by the forty-three ratings firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $1,207.09.

GOOGL has been the topic of a number of recent analyst reports. Credit Suisse Group dropped their price objective on Alphabet Inc Class A from $1,350.00 to $1,400.00 in a research note on Monday, April 23rd. TheStreet raised Alphabet Inc Class A from a “c+” rating to an “a-” rating in a research note on Monday, April 23rd. Vetr downgraded Alphabet Inc Class A from a “strong-buy” rating to a “buy” rating and set a $1,241.78 price objective on the stock. in a research note on Thursday, February 22nd. MKM Partners reissued a “buy” rating and issued a $1,355.00 price objective (up from $1,210.00) on shares of Alphabet Inc Class A in a research note on Wednesday, February 21st. Finally, Zacks Investment Research raised Alphabet Inc Class A from a “hold” rating to a “buy” rating and set a $1,131.00 price objective on the stock in a research note on Monday, April 9th.

Hedge funds have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new position in Alphabet Inc Class A in the first quarter valued at approximately $207,000. Rikoon Group LLC lifted its stake in Alphabet Inc Class A by 5.7% in the first quarter. Rikoon Group LLC now owns 1,325 shares of the information services provider’s stock valued at $1,341,000 after purchasing an additional 71 shares during the last quarter. Private Vista LLC purchased a new position in Alphabet Inc Class A in the first quarter valued at approximately $528,000. Altium Wealth Management LLC lifted its stake in Alphabet Inc Class A by 26.5% in the first quarter. Altium Wealth Management LLC now owns 1,219 shares of the information services provider’s stock valued at $1,264,000 after purchasing an additional 255 shares during the last quarter. Finally, WealthTrust Fairport LLC lifted its stake in Alphabet Inc Class A by 2.4% in the first quarter. WealthTrust Fairport LLC now owns 8,840 shares of the information services provider’s stock valued at $9,168,000 after purchasing an additional 205 shares during the last quarter. 33.36% of the stock is owned by institutional investors.

Shares of Alphabet Inc Class A opened at $1,156.00 on Monday, Marketbeat.com reports. The stock has a market capitalization of $792.86 billion, a PE ratio of 36.07, a price-to-earnings-growth ratio of 1.63 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.85 and a current ratio of 4.87. Alphabet Inc Class A has a 1 year low of $915.31 and a 1 year high of $1,198.00.

Alphabet Inc Class A (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, April 23rd. The information services provider reported $9.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.21 by $0.72. The company had revenue of $24.86 billion for the quarter, compared to the consensus estimate of $24.20 billion. Alphabet Inc Class A had a return on equity of 15.58% and a net margin of 14.19%. During the same period in the previous year, the business earned $7.73 EPS. equities research analysts forecast that Alphabet Inc Class A will post 40.7 EPS for the current fiscal year.

Alphabet Inc Class A 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.

Analyst Recommendations for Alphabet Inc Class A (NASDAQ:GOOGL)

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