Vetr upgraded shares of Alphabet Inc. (NASDAQ:GOOGL) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday. Vetr currently has $880.83 price target on the stock.
Other analysts also recently issued research reports about the stock. Bank of America Corp. reissued a buy rating and set a $925.00 target price on shares of Alphabet in a research report on Wednesday, July 27th. Cantor Fitzgerald reissued a buy rating and set a $940.00 target price on shares of Alphabet in a research report on Wednesday, July 27th. B. Riley reissued a buy rating and set a $950.00 target price on shares of Alphabet in a research report on Friday, July 29th. Deutsche Bank AG dropped their price objective on shares of Alphabet from $1,100.00 to $1,050.00 and set a buy rating on the stock in a report on Friday, July 29th. Finally, upped their price objective on shares of Alphabet from $970.00 to $990.00 and gave the company a buy rating in a report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $940.44.
Alphabet (NASDAQ:GOOGL) opened at 779.00 on Thursday. Alphabet has a 1-year low of $672.66 and a 1-year high of $839.00. The company’s 50-day moving average is $800.87 and its 200 day moving average is $771.49. The stock has a market capitalization of $536.92 billion, a PE ratio of 28.51 and a beta of 0.92.
A number of large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new stake in Alphabet during the second quarter worth approximately $761,801,000. The Manufacturers Life Insurance Company acquired a new stake in Alphabet during the third quarter worth approximately $694,616,000. Emerald Acquisition Ltd. acquired a new stake in Alphabet during the second quarter worth approximately $400,022,000. Boston Partners increased its stake in Alphabet by 150.0% in the second quarter. Boston Partners now owns 810,490 shares of the company’s stock worth $570,204,000 after buying an additional 486,266 shares during the period. Finally, Vanguard Group Inc. increased its stake in Alphabet by 2.1% in the second quarter. Vanguard Group Inc. now owns 18,198,649 shares of the company’s stock worth $12,803,295,000 after buying an additional 375,941 shares during the period. 34.14% of the stock is owned by institutional investors.
Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.