Alphabet Inc (NASDAQ:GOOGL) – Stock analysts at Jefferies Group raised their FY2017 earnings estimates for shares of Alphabet in a research note issued on Sunday, Zacks Investment Research reports. Jefferies Group analyst B. Thill now expects that the information services provider will earn $32.35 per share for the year, up from their prior estimate of $32.28. Jefferies Group has a “Buy” rating and a $1,200.00 price objective on the stock. Jefferies Group also issued estimates for Alphabet’s Q4 2017 earnings at $10.04 EPS, Q1 2018 earnings at $9.51 EPS, Q2 2018 earnings at $10.22 EPS, Q3 2018 earnings at $10.92 EPS, Q4 2018 earnings at $11.95 EPS, FY2018 earnings at $42.60 EPS and FY2019 earnings at $50.52 EPS.
Several other research firms have also weighed in on GOOGL. Deutsche Bank reissued a “buy” rating and issued a $1,400.00 target price on shares of Alphabet in a research note on Monday. B. Riley increased their price target on Alphabet from $1,200.00 to $1,375.00 and gave the stock a “buy” rating in a report on Tuesday. Mizuho restated a “buy” rating on shares of Alphabet in a report on Tuesday, October 17th. Vetr downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price target for the company. in a report on Friday, October 6th. Finally, Evercore ISI assumed coverage on Alphabet in a report on Tuesday, December 5th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $1,118.74.
Alphabet (NASDAQ GOOGL) traded down $0.63 during trading hours on Tuesday, reaching $1,181.59. The company’s stock had a trading volume of 3,670,000 shares, compared to its average volume of 1,450,000. Alphabet has a 1 year low of $812.05 and a 1 year high of $1,198.00. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $816,680.00, a price-to-earnings ratio of 39.36, a price-to-earnings-growth ratio of 1.54 and a beta of 0.90.
Hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new stake in shares of Alphabet in the second quarter valued at approximately $102,000. Parkside Financial Bank & Trust lifted its position in shares of Alphabet by 39.6% in the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after buying an additional 36 shares during the last quarter. Odey Holdings AG lifted its position in shares of Alphabet by 18.2% in the second quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock valued at $121,000 after buying an additional 20 shares during the last quarter. Stelac Advisory Services LLC acquired a new stake in shares of Alphabet in the third quarter valued at approximately $126,000. Finally, Farmers National Bank lifted its position in shares of Alphabet by 2.7% in the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after buying an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 33.63% of the company’s stock.
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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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