Alphabet Inc. (GOOGL) Upgraded to “Hold” at Vetr Inc.

Vetr upgraded shares of Alphabet Inc. (NASDAQ:GOOGL) from a sell rating to a hold rating in a research report report published on Monday. They currently have $1,027.27 price objective on the information services provider’s stock.

A number of other brokerages have also commented on GOOGL. Pivotal Research reaffirmed a hold rating and issued a $990.00 price objective on shares of Alphabet in a report on Sunday, October 29th. Citigroup Inc. reiterated a buy rating on shares of Alphabet in a research report on Monday, October 30th. Stifel Nicolaus upped their target price on Alphabet from $1,075.00 to $1,150.00 and gave the company a buy rating in a research report on Monday, October 30th. Zacks Investment Research upgraded Alphabet from a hold rating to a buy rating and set a $1,157.00 target price for the company in a research report on Wednesday, November 1st. Finally, Piper Jaffray Companies reiterated a buy rating and set a $1,150.00 target price on shares of Alphabet in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $1,088.53.

Shares of Alphabet (NASDAQ:GOOGL) traded down $3.64 during midday trading on Monday, reaching $1,044.08. The company’s stock had a trading volume of 348,240 shares, compared to its average volume of 1,630,000. 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 has a 52-week low of $743.59 and a 52-week high of $1,063.62. The firm has a market cap of $719,700.00, a price-to-earnings ratio of 35.43, a price-to-earnings-growth ratio of 1.79 and a beta of 0.91.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 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 firm had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. During the same period in the prior year, the firm posted $9.06 EPS. research analysts expect that Alphabet will post 32.15 EPS for the current year.

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

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

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