In an analyst report sent to investors on 27 October, The Buy rating of Alphabet Inc (NASDAQ:GOOGL) shares was kept by Analysts at UBS, who now has a $1165.0 TP on the stock. Almanack Investment Partners LLC. now owns 162 shares of the information services provider's stock worth $147,000 after buying an additional 7 shares in the last quarter.
Several hedge funds have recently made changes to their positions in GOOGL. Curbstone Financial Management Corp increased its position in shares of Alphabet by 0.6% during the second quarter. Janus Henderson Group PLC now owns 3,204,087 shares of the information services provider's stock worth $2,911,734,000 after buying an additional 2,831,099 shares during the period. Signature Estate & Investment Advisors LLC increased its stake in Alphabet by 3.8% in the 2nd quarter. Foothills Asset Management Ltd. now owns 2,363 shares of the company's stock valued at $1,662,000 after buying an additional 9 shares during the last quarter. CIBC World Markets Inc. now owns 185,956 shares of the information services provider's stock worth $157,653,000 after buying an additional 12,614 shares during the last quarter. Koch Industries Inc. now owns 1,161,725 shares of the information services provider's stock valued at $1,160,000 after purchasing an additional 1,161,184 shares during the last quarter. The legal version of this report can be read at https://weekherald.com/2018/01/14/cambridge-trust-co-has-11-46-million-stake-in-alphabet-inc-goog.html. Sei Investments Co. increased its holdings in Alphabet by 2.8% during the first quarter. The institutional investor owned 11,953 shares of the information services provider's stock after selling 6,895 shares during the period.
Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,122.26 on Friday.
The firm has a market capitalization of $782,650.00, a price-to-earnings ratio of 37.38 and a beta of 0.94. Alphabet has a 12 month low of $789.62 and a 12 month high of $1,086.49. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. (NASDAQ:GOOGL) to report earnings on January, 25. The information services provider reported $9.57 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $8.31 by $1.26. The business had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $27.17 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company's revenue for the quarter was up 23.7% on a year-over-year basis. During the same period a year ago, the firm earned $9.06 earnings per share. The stock was sold at an average price of $1,017.21, for a total transaction of $186,149.43. Following the completion of the sale, the chief executive officer now owns 1,031 shares of the company's stock, valued at approximately $1,098,231.51.
On Wednesday, December 6th, Sundar Pichai sold 4,000 shares of Alphabet stock. The stock was sold at an average price of $1,072.64, for a total transaction of $4,290,560.00. Following the sale, the director now owns 1,805 shares of the company's stock, valued at $1,836,064.05. The disclosure for this sale can be found here. Bank of America restated a "buy" rating and set a $1,100.00 price objective on shares of Alphabet in a report on Tuesday, September 26th. (NASDAQ:GOOGL) has "Buy" rating given on Thursday, October 5 by RBC Capital Markets. Vetr upgraded shares of Alphabet from a "hold" rating to a "buy" rating and set a $1,120.76 price target for the company in a research report on Tuesday. Finally, Cleveland Research began coverage on Alphabet in a research report on Friday, December 16th. The firm has "Buy" rating given on Thursday, June 1 by Jefferies. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company's stock. The company has a consensus rating of "Buy" and a consensus target price of $1,052.31.
TRADEMARK VIOLATION NOTICE: This report was published by Week Herald and is the sole property of of Week Herald. If you are viewing this piece on another site, it was illegally copied and republished in violation of USA & worldwide copyright law. SunTrust maintained Alphabet Inc. 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.