Alphabet Inc. (NASDAQ:GOOGL) Rating Reiterated by Mizuho

Alphabet Inc. (NASDAQ:GOOGL)‘s stock had its “buy” rating reaffirmed by equities research analysts at Mizuho in a research note issued on Tuesday, October 17th.

GOOGL has been the topic of several other research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $1,075.00 target price on shares of Alphabet in a report on Monday, September 25th. UBS AG reiterated a “buy” rating and set a $1,080.00 target price on shares of Alphabet in a research report on Friday, September 8th. Jefferies Group LLC reiterated a “buy” rating and set a $1,200.00 target price on shares of Alphabet in a research report on Tuesday, October 10th. They noted that the move was a valuation call. Vetr lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 target price on the stock. in a research report on Friday, October 6th. Finally, Zacks Investment Research lowered shares of Alphabet from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and an average target price of $1,088.02.

Alphabet (NASDAQ:GOOGL) traded down $7.31 on Tuesday, reaching $1,042.68. 897,897 shares of the company traded hands, compared to its average volume of 1,700,000. Alphabet has a 52-week low of $743.59 and a 52-week high of $1,063.62. The firm has a market capitalization of $721,460.00, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Zacks’ consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. During the same quarter last year, the business earned $9.06 earnings per share. equities analysts anticipate that Alphabet will post 32.17 EPS for the current year.

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Hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue purchased a new position in Alphabet during the second quarter worth approximately $102,000. Franklin Parlapiano Turner & Welch LLC purchased a new position in shares of Alphabet in the first quarter valued at approximately $108,000. Parkside Financial Bank & Trust lifted its position in shares of Alphabet by 39.6% in the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after acquiring an additional 36 shares in the last quarter. Odey Holdings AG lifted its position in shares of Alphabet by 18.2% in the second quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock valued at $121,000 after acquiring an additional 20 shares in the last quarter. Finally, Delta Asset Management LLC TN lifted its position in shares of Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after acquiring an additional 2 shares in the last quarter. Institutional investors own 33.87% of the company’s stock.

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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