Alphabet (GOOGL) Upgraded to Buy by Vetr

Vetr upgraded shares of Alphabet (NASDAQ:GOOGL) from a hold rating to a buy rating in a report issued on Tuesday. The brokerage currently has $1,120.76 price target on the information services provider’s stock.

A number of other brokerages also recently issued reports on GOOGL. Zacks Investment Research upgraded Alphabet from a hold rating to a buy rating and set a $1,199.00 price objective on the stock in a research report on Tuesday. Pivotal Research reiterated a hold rating and issued a $990.00 price target on shares of Alphabet in a report on Sunday, October 29th. Stifel Nicolaus increased their price target on Alphabet from $1,075.00 to $1,150.00 and gave the stock a buy rating in a report on Monday, October 30th. Citigroup reiterated a buy rating on shares of Alphabet in a report on Monday, October 30th. Finally, Evercore ISI assumed coverage on Alphabet in a report on Tuesday, December 5th. They issued an outperform rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. Alphabet currently has an average rating of Buy and an average price target of $1,091.54.

Alphabet (NASDAQ GOOGL) opened at $1,065.85 on Tuesday. Alphabet has a one year low of $789.62 and a one year high of $1,086.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The company has a market capitalization of $742,645.00, a P/E ratio of 35.68, a P/E/G ratio of 1.80 and a beta of 0.89.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.43 by $1.14. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The business had revenue of $22.27 billion for the quarter, compared to the consensus estimate of $21.94 billion. During the same period in the prior year, the business posted $9.06 earnings per share. equities analysts anticipate that Alphabet will post 32.34 EPS for the current year.

A number of hedge funds have recently modified their holdings of GOOGL. State of Alaska Department of Revenue purchased a new position in shares of Alphabet in the 2nd quarter valued at about $102,000. Parkside Financial Bank & Trust increased its stake in shares of Alphabet by 39.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after purchasing an additional 36 shares in the last quarter. Odey Holdings AG increased its stake in shares of Alphabet by 18.2% in the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock valued at $121,000 after purchasing an additional 20 shares in the last quarter. Stelac Advisory Services LLC purchased a new position in shares of Alphabet in the 3rd quarter valued at about $126,000. Finally, Farmers National Bank increased its stake in shares of Alphabet by 2.7% in the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after purchasing an additional 4 shares in the last quarter. Institutional investors own 33.55% 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.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

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