Alphabet Inc. (NASDAQ:GOOGL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Alphabet Inc. (NASDAQ:GOOGLGet Rating) has been given an average recommendation of “Moderate Buy” by the forty-one analysts that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, twenty-seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $134.24.

A number of analysts recently commented on the company. StockNews.com assumed coverage on Alphabet in a report on Wednesday, October 12th. They set a “hold” rating on the stock. MKM Partners dropped their price target on Alphabet from $140.00 to $134.00 and set a “buy” rating on the stock in a report on Wednesday, October 19th. Evercore ISI dropped their price target on Alphabet from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. JMP Securities dropped their price target on Alphabet from $160.00 to $145.00 and set a “market outperform” rating on the stock in a report on Wednesday, October 26th. Finally, Credit Suisse Group dropped their price target on Alphabet from $134.00 to $128.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th.

Alphabet Trading Down 1.9 %

Shares of Alphabet stock opened at $95.60 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52. Alphabet has a 52 week low of $83.34 and a 52 week high of $151.55. The stock has a 50 day moving average price of $97.39 and a two-hundred day moving average price of $107.68. The stock has a market capitalization of $1.24 trillion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 1.85 and a beta of 1.05.

Alphabet (NASDAQ:GOOGLGet Rating) last announced its earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.19). The company had revenue of $57.27 billion for the quarter, compared to analysts’ expectations of $58.36 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. During the same period in the previous year, the firm earned $1.40 EPS. As a group, equities analysts anticipate that Alphabet will post 4.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Alphabet

In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv purchased 182,312 shares of the stock in a transaction on Wednesday, November 9th. The stock was acquired at an average price of $34.60 per share, with a total value of $6,307,995.20. Following the transaction, the insider now directly owns 1,294,527 shares of the company’s stock, valued at approximately $44,790,634.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alphabet news, Director Ann Mather sold 280 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $115.15, for a total transaction of $32,242.00. Following the completion of the transaction, the director now owns 11,420 shares of the company’s stock, valued at approximately $1,315,013. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv purchased 182,312 shares of the stock in a transaction on Wednesday, November 9th. The shares were acquired at an average cost of $34.60 per share, with a total value of $6,307,995.20. Following the transaction, the insider now directly owns 1,294,527 shares in the company, valued at $44,790,634.20. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 1,461,702 shares of company stock valued at $36,999,217 and sold 302,721 shares valued at $20,039,793. 11.44% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. IFM Investors Pty Ltd grew its stake in shares of Alphabet by 4.2% in the 1st quarter. IFM Investors Pty Ltd now owns 41,060 shares of the information services provider’s stock worth $114,202,000 after buying an additional 1,672 shares during the last quarter. Core Alternative Capital grew its stake in shares of Alphabet by 44.4% in the 1st quarter. Core Alternative Capital now owns 3,728 shares of the information services provider’s stock worth $10,369,000 after buying an additional 1,146 shares during the last quarter. Northwest Bancshares Inc. grew its stake in shares of Alphabet by 355.9% in the 1st quarter. Northwest Bancshares Inc. now owns 1,810 shares of the information services provider’s stock worth $5,034,000 after buying an additional 1,413 shares during the last quarter. Bigelow Investment Advisors LLC grew its stake in shares of Alphabet by 4.7% in the 1st quarter. Bigelow Investment Advisors LLC now owns 738 shares of the information services provider’s stock worth $2,053,000 after buying an additional 33 shares during the last quarter. Finally, Sather Financial Group Inc grew its stake in shares of Alphabet by 83.3% in the 1st quarter. Sather Financial Group Inc now owns 858 shares of the information services provider’s stock worth $2,386,000 after buying an additional 390 shares during the last quarter. Hedge funds and other institutional investors own 1.88% of the company’s stock.

About Alphabet

(Get Rating)

Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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