Alphabet Inc Class A (GOOGL) PT Lowered to $1,400.00 at Barclays

Alphabet Inc Class A (NASDAQ:GOOGL) had its price objective reduced by Barclays from $1,415.00 to $1,400.00 in a research report released on Friday, MarketBeat reports. Barclays currently has an overweight rating on the information services provider’s stock.

GOOGL has been the topic of a number of other research reports. Bank of America cut their price objective on shares of Alphabet Inc Class A from $1,390.00 to $1,350.00 and set a buy rating on the stock in a research report on Friday. Monness Crespi & Hardt cut their price objective on shares of Alphabet Inc Class A from $1,415.00 to $1,315.00 and set a buy rating on the stock in a research report on Friday. Wedbush set a $1,350.00 price objective on shares of Alphabet Inc Class A and gave the stock a buy rating in a research report on Friday. Credit Suisse Group boosted their price objective on shares of Alphabet Inc Class A from $1,375.00 to $1,500.00 and gave the stock an outperform rating in a research report on Friday, October 19th. Finally, Pivotal Research cut their price objective on shares of Alphabet Inc Class A from $1,080.00 to $1,010.00 and set a hold rating on the stock in a research report on Friday, October 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirty have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $1,334.23.

Shares of GOOGL opened at $1,034.73 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. Alphabet Inc Class A has a twelve month low of $984.00 and a twelve month high of $1,291.44. The company has a market capitalization of $754.23 billion, a price-to-earnings ratio of 32.28, a P/E/G ratio of 1.36 and a beta of 1.11.

Alphabet Inc Class A (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $10.54 by $2.52. Alphabet Inc Class A had a net margin of 14.45% and a return on equity of 19.40%. The firm had revenue of $27.16 billion for the quarter, compared to analyst estimates of $27.32 billion. Analysts anticipate that Alphabet Inc Class A will post 42.98 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. Well Done LLC acquired a new position in shares of Alphabet Inc Class A in the first quarter valued at about $107,000. Westchester Capital Management Inc. grew its stake in shares of Alphabet Inc Class A by 1,262.5% in the first quarter. Westchester Capital Management Inc. now owns 109 shares of the information services provider’s stock valued at $113,000 after acquiring an additional 101 shares in the last quarter. KHP Capital LLC acquired a new position in shares of Alphabet Inc Class A in the first quarter valued at about $124,000. Parkside Investments LLC acquired a new position in shares of Alphabet Inc Class A in the third quarter valued at about $124,000. Finally, Private Ocean LLC grew its stake in shares of Alphabet Inc Class A by 355.6% in the first quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock valued at $127,000 after acquiring an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 33.46% of the company’s stock.

Alphabet Inc Class A Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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