Trade Report: The Alphabet Inc. (GOOGL) Rating Reiterate by Raymond James Financial Inc.

The Alphabet Inc. (GOOGL) Rating Reiterate by Raymond James Financial Inc.

Raymond James Financial Inc. reiterated their outperform rating on shares of Alphabet Inc. (NASDAQ:GOOGL) in a report issued on Sunday. The brokerage currently has a $920.00 target price on the stock, up from their previous target price of $900.00.

A number of other analysts have also recently issued reports on GOOGL. Bank of America Corp. reissued a buy rating and set a $925.00 price objective on shares of Alphabet in a research report on Sunday, July 17th. Credit Suisse Group AG reissued a buy rating and set a $920.00 price objective on shares of Alphabet in a research report on Sunday, July 17th. Robert W. Baird reissued a buy rating on shares of Alphabet in a research report on Sunday, July 17th. Deutsche Bank AG reissued a buy rating on shares of Alphabet in a research report on Sunday, July 10th. Finally, B. Riley reissued a buy rating and set a $950.00 price objective on shares of Alphabet in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and forty-six have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $936.91.

Alphabet (NASDAQ:GOOGL) opened at 819.56 on Friday. The stock has a market cap of $564.79 billion, a P/E ratio of 29.92 and a beta of 1.00. The company has a 50-day moving average price of $808.43 and a 200-day moving average price of $765.78. Alphabet has a one year low of $672.66 and a one year high of $839.00.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.04 by $0.38. Alphabet had a return on equity of 15.39% and a net margin of 22.29%. On average, analysts anticipate that Alphabet will post $34.10 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised 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 valued at $2,881,806,000 after buying an additional 14,001 shares during the last quarter. Credit Agricole S A raised its position in shares of Alphabet by 3.7% in the first quarter. Credit Agricole S A now owns 375,148 shares of the company’s stock valued at $286,204,000 after buying an additional 13,399 shares during the last quarter. AXA raised its position in shares of Alphabet by 12.1% in the first quarter. AXA now owns 452,331 shares of the company’s stock valued at $345,083,000 after buying an additional 48,771 shares during the last quarter. Aviva PLC raised its position in shares of Alphabet by 2.1% in the first quarter. Aviva PLC now owns 178,763 shares of the company’s stock valued at $136,378,000 after buying an additional 3,711 shares during the last quarter. Finally, Marathon Asset Management LLP raised 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 valued at $36,583,000 after buying an additional 992 shares during the last quarter. 34.15% of the stock is owned by hedge funds and other institutional investors.

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