Alphabet (NASDAQ:GOOGL) had its target price hoisted by Susquehanna Bancshares to $1,550.00 in a research report report published on Friday, The Fly reports.

Several other equities analysts also recently commented on GOOGL. Moffett Nathanson dropped their price target on shares of Alphabet from $1,290.00 to $1,250.00 and set a buy rating for the company in a research note on Monday, June 24th. Morgan Stanley restated a hold rating and issued a $20.10 price target on shares of ABB in a research note on Friday. BidaskClub downgraded shares of Weyco Group from a sell rating to a strong sell rating in a research note on Saturday, July 13th. Nomura boosted their price target on shares of PROS from $77.00 to $79.00 and gave the stock a buy rating in a research note on Friday. Finally, Royal Bank of Canada boosted their price target on shares of Alphabet to $1,425.00 and gave the stock an outperform rating in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $1,354.32.

Alphabet stock traded up $109.28 during trading on Friday, hitting $1,245.22. The company had a trading volume of 6,058,710 shares, compared to its average volume of 1,294,398. Alphabet has a 1-year low of $977.66 and a 1-year high of $1,296.97. The company has a current ratio of 3.96, a quick ratio of 3.93 and a debt-to-equity ratio of 0.02. The company has a 50 day simple moving average of $1,116.09. The stock has a market cap of $788.62 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 1.34 and a beta of 0.96.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $11.49 by $2.72. Alphabet had a net margin of 23.43% and a return on equity of 20.58%. The firm had revenue of $31.71 billion during the quarter, compared to the consensus estimate of $30.90 billion. On average, equities analysts anticipate that Alphabet will post 48.43 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in GOOGL. TRUE Private Wealth Advisors lifted its position in shares of Alphabet by 0.9% during the 4th quarter. TRUE Private Wealth Advisors now owns 2,526 shares of the information services provider’s stock valued at $2,639,000 after buying an additional 22 shares during the last quarter. DNB Asset Management AS lifted its position in shares of Alphabet by 7.6% during the 4th quarter. DNB Asset Management AS now owns 493,621 shares of the information services provider’s stock valued at $515,814,000 after buying an additional 34,998 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in Alphabet during the 4th quarter worth about $627,000. Burke & Herbert Bank & Trust Co. lifted its holdings in Alphabet by 7.1% during the 4th quarter. Burke & Herbert Bank & Trust Co. now owns 845 shares of the information services provider’s stock worth $883,000 after purchasing an additional 56 shares in the last quarter. Finally, Anderson Hoagland & Co. lifted its holdings in Alphabet by 0.7% during the 4th quarter. Anderson Hoagland & Co. now owns 1,529 shares of the information services provider’s stock worth $1,565,000 after purchasing an additional 11 shares in the last quarter. 33.47% of the stock is owned by hedge funds and other institutional investors.

Alphabet Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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