Alphabet Inc. (GOOGL) Rating Reiterated by Jefferies Group LLC

Alphabet Inc. (GOOGL) Rating Reiterated by Jefferies Group LLC

That transaction by Vanguard took place on June 30, 2017, the same day Susquehanna International Group, Llp purchased an additional 2770 shares in GOOGL to bring its total stake to 2770. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company's stock. The stock has a consensus rating of Buy and a consensus target price of $1,058.31.

Several analysts have issued reports on the stock. Mizuho upgraded it to "Buy" rating and $715 target in Tuesday, August 11 report. Cowen and Company restated an "outperform" rating and issued a $1,075.00 price target on shares of Alphabet in a research note on Thursday, August 10th. Vetr cut shares of Alphabet from a "buy" rating to a "hold" rating and set a $988.73 price target on the stock.in a report on Monday, October 2nd. Societe Generale maintained Alphabet Inc (NASDAQ:GOOGL) on Friday, July 7 with "Buy" rating.

Alphabet Inc., launched on July 23, 2015, is a holding company. Volume levels spiked and GOOGL actually managed a breakout which translated to 1.79 million shares changing hands on the day. The firm's 50-day moving average price is $953.18 and its 200-day moving average price is $940.96.

Google Inc. has PE ratio of 35.80 with a one year low of $727.54 and a one year high of $994.12 and has a market capitalization of $0.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Monday, July 24th. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The business had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. The firm earned "Overweight" rating on Wednesday, June 8 by Morgan Stanley. The company's revenue was up 21.0% on a year-over-year basis. After posting $5.01 EPS for the previous quarter, Alphabet Inc's analysts now forecast 68.26 % EPS growth.

More news: Citigroup Q3 Profit Up 8%, Results Beat View

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Shares of Alphabet (GOOGL) opened at 1005.65 on Tuesday.

The company is trading up by 1.71%% since yesterday's close of 972.6. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. As of the end of the quarter Lourd Capital, LLC had disposed of a total of 59 shares trimming its stake by 4.7%. Bath Savings Trust Co now owns 7,529 shares of the information services provider's stock valued at $7,332,000 after acquiring an additional 635 shares in the last quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider's stock valued at $118,000 after buying an additional 36 shares during the period. Blue Fin Capital, Inc. owns 1,486 shares worth $1,425,000. The value of the investment in Alphabet Inc. decreased from $909,000 to $863,000 a change of $46,000 quarter over quarter. Osmium Partners Llc owns 1.92 million shares or 13.51% of their USA portfolio. Finally, Hartford Investment Management Co. grew its position in shares of Alphabet by 6.1% in the 1st quarter. Bridges Investment Management Inc. now owns 10,342 shares of the information services provider's stock valued at $10,070,000 after acquiring an additional 139 shares in the last quarter.

Want to see what other hedge funds are holding GOOGL? Pure Financial Advisors Inc. boosted its holdings in shares of Alphabet by 0.4% in the 2nd quarter.

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