Goldman Sachs Group reaffirmed their buy rating on shares of Alphabet (NASDAQ:GOOG) in a research note published on Friday, Borsen Zeitung reports.
Other equities analysts also recently issued reports about the stock. Pivotal Research initiated coverage on shares of SRC Energy in a research note on Wednesday, May 29th. They issued a buy rating and a $37.29 price target on the stock. Cowen reaffirmed an outperform rating and issued a $1,420.00 price target (up previously from $1,390.00) on shares of Alphabet in a research note on Thursday, April 11th. Stifel Nicolaus boosted their price target on Western Digital from $48.00 to $55.00 and gave the company a buy rating in a research note on Tuesday, April 30th. Deutsche Bank boosted their price objective on Alphabet from $1,300.00 to $1,400.00 and gave the stock a buy rating in a research note on Wednesday, May 15th. Finally, Oppenheimer began coverage on Identiv in a research note on Tuesday, April 30th. They set an outperform rating and a $7.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the company. Alphabet currently has a consensus rating of Buy and a consensus price target of $1,361.50.
Shares of GOOG opened at $1,150.34 on Friday. The stock’s fifty day moving average price is $1,101.81. Alphabet has a 12-month low of $970.11 and a 12-month high of $1,289.27. The company has a market capitalization of $798.62 billion, a PE ratio of 24.21, a PEG ratio of 1.35 and a beta of 0.95. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.96 and a quick ratio of 3.93.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Monday, April 29th. The information services provider reported $11.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $10.51 by $1.39. The firm had revenue of $36.34 billion during the quarter, compared to analyst estimates of $37.36 billion. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the company posted $9.93 EPS. Sell-side analysts predict that Alphabet will post 48.44 EPS for the current year.
In other Alphabet news, major shareholder Capitalg Lp acquired 140,000 shares of Alphabet stock in a transaction on Friday, June 14th. The shares were bought at an average price of $34.00 per share, with a total value of $4,760,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Amie Thuener O’toole sold 73 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $1,167.74, for a total value of $85,245.02. Following the completion of the transaction, the vice president now directly owns 388 shares in the company, valued at approximately $453,083.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 403 shares of company stock worth $461,293. 12.99% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund lifted its stake in shares of Alphabet by 102,010.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock valued at $54,000 after acquiring an additional 56,169,241 shares during the period. BlackRock Inc. lifted its holdings in Alphabet by 0.6% during the 4th quarter. BlackRock Inc. now owns 19,618,313 shares of the information services provider’s stock worth $20,316,919,000 after buying an additional 125,866 shares during the period. Lunia Capital LP lifted its holdings in Alphabet by 135,522.5% during the 4th quarter. Lunia Capital LP now owns 16,870,086 shares of the information services provider’s stock worth $16,870,000 after buying an additional 16,857,647 shares during the period. Jennison Associates LLC lifted its holdings in Alphabet by 4.3% during the 4th quarter. Jennison Associates LLC now owns 1,871,132 shares of the information services provider’s stock worth $1,937,763,000 after buying an additional 76,345 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in Alphabet by 1.9% during the 1st quarter. Clearbridge Investments LLC now owns 1,221,086 shares of the information services provider’s stock worth $1,432,713,000 after buying an additional 23,257 shares during the period. 33.97% of the stock is currently owned by institutional investors.
Alphabet Company Profile
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.
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