Today, Alphabet Inc. (GOOGL) Upgrade to Strong-Buy by Vetr Inc.

Today, Alphabet Inc. (GOOGL) Upgrade to Strong-Buy by Vetr Inc.
Alphabet Inc. (NASDAQ:GOOGL) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday. The firm presently has a $880.83 price target on the stock. Vetr‘s price target would indicate a potential upside of 13.07% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. Bank of America Corp. reissued a “buy” rating and issued a $925.00 price target on shares of Alphabet in a research report on Wednesday, July 27th. Cantor Fitzgerald reissued a “buy” rating and issued a $940.00 price target on shares of Alphabet in a research report on Wednesday, July 27th. B. Riley reissued a “buy” rating and issued a $950.00 price target on shares of Alphabet in a research report on Friday, July 29th. Deutsche Bank AG dropped their price target on shares of Alphabet from $1,100.00 to $1,050.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. Finally, lifted their price target on shares of Alphabet from $970.00 to $990.00 and gave the company a “buy” rating in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $940.44.

Alphabet (NASDAQ:GOOGL) remained flat at $779.00 on Thursday. The stock had a trading volume of 1,312,981 shares. The company’s 50-day moving average price is $800.87 and its 200 day moving average price is $771.49. Alphabet has a one year low of $672.66 and a one year high of $839.00. The firm has a market cap of $536.92 billion, a PE ratio of 28.51 and a beta of 0.92.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of Alphabet by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 4,096,211 shares of the company’s stock worth $2,881,806,000 after buying an additional 14,001 shares during the last quarter. Marathon Asset Management LLP boosted its position in shares of Alphabet by 1.9% in the second quarter. Marathon Asset Management LLP now owns 52,006 shares of the company’s stock worth $36,583,000 after buying an additional 992 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Alphabet by 4.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 31,552 shares of the company’s stock worth $22,198,000 after buying an additional 1,348 shares during the last quarter. First Personal Financial Services boosted its position in shares of Alphabet by 19.3% in the second quarter. First Personal Financial Services now owns 3,172 shares of the company’s stock worth $2,232,000 after buying an additional 514 shares during the last quarter. Finally, Locust Wood Capital Advisers LLC bought a new position in shares of Alphabet during the second quarter worth approximately $28,278,000. Hedge funds and other institutional investors own 34.14% of the company’s stock.

Alphabet Company Profile

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.

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