Alphabet (NASDAQ:GOOGL) had its target price hoisted by equities research analysts at Cowen from $1,150.00 to $1,230.00 in a research report issued on Thursday, January 4th. The firm presently has an “outperform” rating on the information services provider’s stock. Cowen’s price objective would suggest a potential upside of 4.13% from the company’s current price.

GOOGL has been the topic of several other research reports. 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. Bank of America reaffirmed a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a research report on Tuesday, September 26th. Piper Jaffray Companies reiterated a “buy” rating and issued a $1,150.00 price target on shares of Alphabet in a research note on Thursday, October 19th. Citigroup reiterated a “buy” rating on shares of Alphabet in a research note on Monday, October 30th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $970.00 price target on shares of Alphabet in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $1,118.74.

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Shares of Alphabet (NASDAQ GOOGL) traded down $5.30 during midday trading on Thursday, reaching $1,181.18. The company’s stock had a trading volume of 442,278 shares, compared to its average volume of 1,467,471. Alphabet has a 1 year low of $812.05 and a 1 year high of $1,198.00. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $815,230.00, a P/E ratio of 39.29, a PEG ratio of 1.55 and a beta of 0.90.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new position in shares of Alphabet during the 2nd quarter worth approximately $102,000. Parkside Financial Bank & Trust lifted its position in shares of Alphabet by 39.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after buying an additional 36 shares in the last quarter. Odey Holdings AG lifted its position in shares of Alphabet by 18.2% during the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after buying an additional 20 shares in the last quarter. Stelac Advisory Services LLC bought a new position in shares of Alphabet during the 3rd quarter worth approximately $126,000. Finally, Farmers National Bank lifted its position in shares of Alphabet by 2.7% during the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock worth $127,000 after buying an additional 4 shares in the last quarter. 33.63% of the stock is currently owned by institutional investors and hedge funds.

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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.

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