Alphabet (GOOGL) Upgraded to “A-” by TheStreet

TheStreet upgraded shares of Alphabet (NASDAQ:GOOGL) from a c+ rating to an a- rating in a research note published on Monday.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Alphabet from a buy rating to a hold rating in a research report on Wednesday, January 17th. William Blair restated an outperform rating on shares of Alphabet in a research report on Thursday, February 1st. Vetr upgraded shares of Alphabet from a buy rating to a strong-buy rating and set a $1,243.88 price objective for the company in a research report on Monday, February 5th. Canaccord Genuity restated a hold rating on shares of Alphabet in a research report on Tuesday. Finally, Stifel Nicolaus cut shares of Alphabet from a buy rating to a hold rating and set a $1,150.00 price objective for the company. in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $1,189.28.

NASDAQ:GOOGL opened at $1,043.31 on Monday. The company has a quick ratio of 5.11, a current ratio of 4.87 and a debt-to-equity ratio of 0.02. The firm has a market cap of $710,512.94, a price-to-earnings ratio of 32.55, a P/E/G ratio of 1.09 and a beta of 1.05. Alphabet has a fifty-two week low of $887.18 and a fifty-two week high of $1,198.00.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, April 23rd. The information services provider reported $9.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $9.21 by $0.72. The company had revenue of $24.86 billion during the quarter, compared to analysts’ expectations of $24.20 billion. Alphabet had a net margin of 14.19% and a return on equity of 15.58%. During the same period in the prior year, the business posted $7.73 earnings per share. equities research analysts predict that Alphabet will post 41.16 EPS for the current year.

Alphabet announced that its Board of Directors has initiated a share buyback plan on Thursday, February 1st that permits the company to repurchase $8.59 billion in shares. This repurchase authorization permits the information services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Several institutional investors and hedge funds have recently made changes to their positions in GOOGL. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in Alphabet in the fourth quarter valued at about $108,000. Odey Holdings AG lifted its position in Alphabet by 18.2% in the second quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock valued at $121,000 after buying an additional 20 shares during the last quarter. Stuart Chaussee & Associates Inc. acquired a new position in Alphabet in the fourth quarter valued at about $123,000. Stelac Advisory Services LLC acquired a new position in Alphabet in the third quarter valued at about $126,000. Finally, Lee Financial Co lifted its position in Alphabet by 500.0% in the fourth quarter. Lee Financial Co now owns 120 shares of the information services provider’s stock valued at $126,000 after buying an additional 100 shares during the last quarter. 34.41% 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.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

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