Alphabet Inc. (NASDAQ:GOOGL) Lifted to Hold at Vetr Inc.

Alphabet Inc. (NASDAQ:GOOGL) was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating in a note issued to investors on Monday, November 6th. The firm currently has a $1,027.27 price objective on the information services provider’s stock. Vetr‘s target price suggests a potential downside of 0.83% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Goldman Sachs Group, Inc. (The) increased their target price on Alphabet from $1,125.00 to $1,175.00 in a report on Friday, October 27th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $1,258.00 price objective (up previously from $1,250.00) on shares of Alphabet in a research note on Saturday, July 22nd. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,112.00 price objective on the stock in a research note on Friday, July 21st. Needham & Company LLC reiterated a “buy” rating and set a $1,050.00 target price on shares of Alphabet in a research report on Monday, July 17th. Finally, Argus reiterated a “buy” rating and set a $968.72 target price (down previously from $1,085.00) on shares of Alphabet in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $1,088.53.

Alphabet (GOOGL) traded down $12.58 during trading on Monday, hitting $1,035.89. The company had a trading volume of 1,286,044 shares, compared to its average volume of 1,640,103. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet has a 12 month low of $753.36 and a 12 month high of $1,063.62. The stock has a market capitalization of $719,737.44, a PE ratio of 34.68, a PEG ratio of 1.74 and a beta of 0.91.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share 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 company had revenue of $22.27 billion for the quarter, compared to the consensus estimate of $21.94 billion. During the same quarter in the prior year, the company earned $9.06 earnings per share. research analysts anticipate that Alphabet will post 32.34 earnings per share for the current fiscal year.

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Institutional investors have recently bought and sold shares of the business. Novare Capital Management LLC raised its stake in Alphabet by 0.9% in the second quarter. Novare Capital Management LLC now owns 8,590 shares of the information services provider’s stock valued at $7,986,000 after buying an additional 80 shares in the last quarter. Camelot Portfolios LLC acquired a new stake in Alphabet in the second quarter valued at $211,000. Country Trust Bank acquired a new stake in Alphabet in the second quarter valued at $44,071,000. Girard Partners LTD. raised its stake in Alphabet by 10.7% in the first quarter. Girard Partners LTD. now owns 4,528 shares of the information services provider’s stock valued at $3,839,000 after buying an additional 439 shares in the last quarter. Finally, Anchor Capital Advisors LLC raised its stake in Alphabet by 3.0% in the second quarter. Anchor Capital Advisors LLC now owns 378 shares of the information services provider’s stock valued at $351,000 after buying an additional 11 shares in the last quarter. Institutional investors own 33.81% of the company’s stock.

About Alphabet

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

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