Alphabet Inc. (GOOGL) Earns “Buy” Rating from Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) restated their buy rating on shares of Alphabet Inc. (NASDAQ:GOOGL) in a research report report published on Thursday morning.

GOOGL has been the topic of a number of other research reports. Vetr raised Alphabet from a buy rating to a strong-buy rating and set a $890.66 price objective on the stock in a research report on Saturday, October 29th. Morgan Stanley reaffirmed a buy rating and set a $880.00 price objective on shares of Alphabet in a research report on Thursday, September 29th. Cantor Fitzgerald reaffirmed a buy rating and set a $1,000.00 price objective on shares of Alphabet in a research report on Wednesday, October 5th. Jefferies Group reaffirmed a buy rating and set a $1,000.00 price objective on shares of Alphabet in a research report on Monday, October 3rd. Finally, Needham & Company LLC upped their price objective on Alphabet from $900.00 to $925.00 and gave the stock a buy rating in a research report on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-six have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $947.94.

Shares of Alphabet (NASDAQ:GOOGL) opened at 826.01 on Thursday. The firm’s 50-day moving average is $797.67 and its 200 day moving average is $786.22. Alphabet has a one year low of $672.66 and a one year high of $839.00. The firm has a market capitalization of $569.32 billion, a P/E ratio of 30.23 and a beta of 0.89.

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A number of hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in 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 in the last quarter. CIBC World Markets Inc. increased its stake in Alphabet by 33.9% in the third quarter. CIBC World Markets Inc. now owns 43,753 shares of the company’s stock valued at $35,180,000 after buying an additional 11,065 shares in the last quarter. Nwam LLC increased its stake in Alphabet by 6.5% in the third quarter. Nwam LLC now owns 1,710 shares of the company’s stock valued at $1,375,000 after buying an additional 104 shares in the last quarter. Marathon Asset Management LLP increased its stake in 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 in the last quarter. Finally, Nationwide Fund Advisors increased its stake in Alphabet by 1.4% in the third quarter. Nationwide Fund Advisors now owns 293,906 shares of the company’s stock valued at $236,318,000 after buying an additional 3,966 shares in the last quarter. 34.57% of the stock is owned by institutional investors.

About Alphabet

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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