Alphabet Inc. (GOOGL) Given Buy Rating at Citigroup Inc

Alphabet Inc is a holding company. (NASDAQ:GOOG) by 13.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The target would indicate a possible upside of 1.58 % from company's close price.

A number of other brokerages have also recently issued reports on GOOGL. Pure Financial Advisors Inc. boosted its stake in shares of Alphabet by 0.4% in the 2nd quarter. Inc. now owns 141 shares of the information services provider's stock valued at $128,000 after buying an additional 40 shares in the last quarter. Brightworth lifted its holdings in Alphabet by 5.3% in the 1st quarter. Guinness Asset Management Ltd now owns 3,447 shares of the information services provider's stock worth $2,922,000 after purchasing an additional 190 shares during the last quarter. Aviva PLC boosted its stake in Alphabet by 2.1% in the first quarter. The firm earned "Buy" rating on Tuesday, August 8 by Mizuho. Alphabet accounts for about 1.0% of Magellan Asset Management Ltd's portfolio, making the stock its 19th largest position. Capital Research Global Investors now owns 4,308,195 shares of the information services provider's stock worth $4,005,243,000 after purchasing an additional 102,133 shares during the last quarter. BlackRock Inc. increased its position in shares of Alphabet by 3.1% during the 2nd quarter. The Company's segments include Google and Other Bets.

Shares of Alphabet (GOOG) opened at 1017.11 on Friday. The stock's 50 day moving average is $807.23 and its 200 day moving average is $767.54.

October 27 investment analysts at Citigroup maintained a stock rating of "Buy" but lowered the price target to $1.00 from $940.00. The firm has a market capitalization of $714.90 billion, a PE ratio of 37.39 and a beta of 0.96.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping analysts' consensus estimates of $8.43 by $1.14. The company had revenue of $27.77 billion during the quarter, compared to analysts' expectations of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The business's revenue for the quarter was up 23.7% compared to the same quarter past year. In the last earnings report the EPS was $27.59 and is expected to be $31.99 for the current year with 692,879,000 shares now outstanding.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of USA and worldwide trademark and copyright legislation. Jefferies Group restated a "buy" rating and issued a $925.00 target price on shares of Alphabet in a research note on Monday, July 18th. Wells Fargo & Company reaffirmed a "buy" rating on shares of Alphabet in a research note on Friday. On Friday, October 27 the stock rating was maintained by Oppenheimer with "Outperform".

In a research note published this morning, B. Riley reaffirmed their Buy rating on Alphabet Inc (NDAQ:GOOGL) shares.

On October 11 Credit Suisse kept the company rating at "Outperform" but moved down the price target to $1.00 from $1.00. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company. Bank of America Corp. restated a "buy" rating and issued a $925.00 target price on shares of Alphabet in a research note on Sunday, July 17th. The stock had a trading volume of 665,376 shares. BlackRock Inc. now owns 18,633,934 shares of the information services provider's stock worth $17,323,595,000 after purchasing an additional 567,337 shares during the last quarter. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Several institutional investors have recently bought and sold shares of the business. The stock was sold at an average price of $933.08, for a total value of $170,753.64. Following the completion of the sale, the senior vice president now owns 800 shares in the company, valued at $745,056.

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