Alphabet (GOOGL) Rating Increased to Buy at Vetr

Vetr upgraded shares of Alphabet (NASDAQ:GOOGL) from a hold rating to a buy rating in a research report sent to investors on Monday, January 8th. Vetr currently has $1,179.78 price target on the information services provider’s stock.

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus restated a buy rating and set a $1,150.00 target price (up from $1,075.00) on shares of Alphabet in a report on Tuesday, October 24th. Cantor Fitzgerald reiterated a buy rating and issued a $1,100.00 price objective on shares of Alphabet in a research note on Tuesday, October 24th. B. Riley reiterated a buy rating and issued a $1,050.00 price objective on shares of Alphabet in a research note on Monday, September 25th. Barclays reiterated a buy rating and issued a $1,260.00 price objective on shares of Alphabet in a research note on Friday, October 27th. Finally, Oppenheimer lifted their price objective on Alphabet from $1,050.00 to $1,180.00 and gave the company an outperform rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $1,118.74.

Alphabet (NASDAQ GOOGL) opened at $1,182.22 on Monday. Alphabet has a twelve month low of $812.05 and a twelve month high of $1,198.00. The company has a market capitalization of $816,610.00, a PE ratio of 39.38, a P/E/G ratio of 1.55 and a beta of 0.90. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.

Hedge funds have recently made changes to their positions in the stock. Dean Capital Investments Management LLC purchased a new stake in Alphabet during the fourth quarter worth $868,000. Cullen Frost Bankers Inc. boosted its position in Alphabet by 0.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 36,069 shares of the information services provider’s stock worth $37,995,000 after purchasing an additional 150 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Alphabet by 12.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 121,571 shares of the information services provider’s stock worth $128,063,000 after purchasing an additional 13,154 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Alphabet by 0.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 47,275 shares of the information services provider’s stock worth $49,799,000 after purchasing an additional 347 shares in the last quarter. Finally, IFC Holdings Incorporated FL boosted its position in Alphabet by 2.0% during the fourth quarter. IFC Holdings Incorporated FL now owns 3,962 shares of the information services provider’s stock worth $4,156,000 after purchasing an additional 77 shares in the last quarter. 33.63% of the stock is currently owned by hedge funds and other institutional investors.

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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.

To view Vetr’s full report, visit Vetr’s official website.

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