The Jefferies Group LLC Reiterates “Buy” Rating for Alphabet Inc (GOOGL)

The Jefferies Group LLC Reiterates “Buy” Rating for Alphabet Inc (GOOGL)

A number of other research firms have also recently issued reports on GOOGL. Susquehanna Bancshares Inc reiterated a positive rating and issued a $1,000.00 target price on shares of Alphabet in a research note on Sunday, March 19th. Pivotal Research cut shares of Alphabet from a buy rating to a hold rating and cut their target price for the company from $970.00 to $950.00 in a research note on Monday, March 20th. Vetr cut shares of Alphabet from a buy rating to a hold rating and set a $906.58 target price for the company. in a research note on Monday, March 20th. Wells Fargo & Co reiterated an outperform rating and issued a $1,000.00 target price (up previously from $975.00) on shares of Alphabet in a research note on Saturday, March 11th. Finally, Morgan Stanley reiterated an overweight rating and issued a $1,000.00 target price on shares of Alphabet in a research note on Saturday, March 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and forty have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $995.19.

Jefferies Group LLC restated their buy rating on shares of Alphabet Inc (NASDAQ:GOOGL) in a report issued on Tuesday, April 18th. The firm currently has a $1,000.00 price objective on the information services provider’s stock.

Shares of Alphabet (NASDAQ:GOOGL) opened at 958.69 on Tuesday. The firm has a market capitalization of $663.17 billion, a PE ratio of 32.40 and a beta of 0.98. The stock’s 50 day moving average price is $869.45 and its 200-day moving average price is $831.52. Alphabet has a 12 month low of $672.66 and a 12 month high of $960.99. Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, April 27th. The information services provider reported $7.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.24 by $0.49. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. The company had revenue of $20.12 billion during the quarter, compared to analysts’ expectations of $19.65 billion. During the same quarter in the previous year, the company posted $7.50 earnings per share. On average, equities analysts anticipate that Alphabet will post $33.93 earnings per share for the current fiscal year.

Shares of Alphabet (NASDAQ:GOOGL) opened at 958.69 on Tuesday. The firm has a market capitalization of $663.17 billion, a PE ratio of 32.40 and a beta of 0.98. The stock’s 50 day moving average price is $869.45 and its 200-day moving average price is $831.52. Alphabet has a 12 month low of $672.66 and a 12 month high of $960.99. Several hedge funds have recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. increased its position in shares of Alphabet by 0.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 170 shares of the information services provider’s stock valued at $135,000 after buying an additional 1 shares during the last quarter. Alpha Windward LLC increased its position in shares of Alphabet by 0.9% in the third quarter. Alpha Windward LLC now owns 222 shares of the information services provider’s stock valued at $179,000 after buying an additional 2 shares during the last quarter. Fort Pitt Capital Group LLC increased its position in shares of Alphabet by 0.3% in the fourth quarter. Fort Pitt Capital Group LLC now owns 760 shares of the information services provider’s stock valued at $602,000 after buying an additional 2 shares during the last quarter. Delta Asset Management LLC TN increased its position in shares of Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after buying an additional 2 shares during the last quarter. Finally, Bank of The Ozarks increased its position in shares of Alphabet by 0.6% in the third quarter. Bank of The Ozarks now owns 523 shares of the information services provider’s stock valued at $420,000 after buying an additional 3 shares during the last quarter. Institutional investors and hedge funds own 34.98% of the company’s stock.

Alphabet Company Profile Alphabet Inc is a holding company. 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. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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