Vetr lowered shares of Alphabet Inc (NASDAQ:GOOGL) from a buy rating to a hold rating in a report published on Monday morning. They currently have $906.58 target price on the information services provider’s stock.

A number of other research analysts also recently issued reports on the stock. Susquehanna Bancshares Inc restated a positive rating and issued a $1,000.00 price target on shares of Alphabet in a research report on Sunday, March 19th. Robert W. Baird restated an outperform rating and issued a $930.00 price target on shares of Alphabet in a research report on Sunday, December 4th. Goldman Sachs Group Inc restated a buy rating and issued a $970.00 price target on shares of Alphabet in a research report on Thursday, December 29th. Cantor Fitzgerald restated an overweight rating and issued a $1,040.00 price target on shares of Alphabet in a research report on Monday, March 13th. Finally, BMO Capital Markets boosted their price target on shares of Alphabet from $960.00 to $1,000.00 and gave the stock an outperform rating in a research report on Friday, January 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet presently has an average rating of Buy and an average price target of $964.41.

Alphabet (NASDAQ:GOOGL) opened at 858.95 on Monday. The firm has a 50-day moving average of $852.11 and a 200-day moving average of $823.28. Alphabet has a 52-week low of $672.66 and a 52-week high of $874.42. The firm has a market capitalization of $593.90 billion, a price-to-earnings ratio of 30.81 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, January 26th. The information services provider reported $9.36 EPS for the quarter, topping the consensus estimate of $7.65 by $1.71. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. The business had revenue of $21.22 billion for the quarter, compared to the consensus estimate of $20.58 billion. During the same period last year, the company earned $8.67 EPS. On average, equities research analysts forecast that Alphabet will post $33.33 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOOGL. Cedar Wealth Management LLC boosted its position in Alphabet by 5.8% in the third quarter. Cedar Wealth Management LLC now owns 128 shares of the information services provider’s stock valued at $103,000 after buying an additional 7 shares during the last quarter. First Command Bank bought a new position in Alphabet during the fourth quarter valued at approximately $123,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Alphabet during the fourth quarter valued at approximately $127,000. Tarbox Group Inc. boosted its position in Alphabet by 1.9% in the third quarter. Tarbox Group Inc. now owns 163 shares of the information services provider’s stock valued at $131,000 after buying an additional 3 shares during the last quarter. Finally, Fusion Family Wealth LLC bought a new position in Alphabet during the fourth quarter valued at approximately $139,000. 34.98% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:GOOGL

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

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