Investors Buy Shares of Alphabet Inc. (GOOGL) on Weakness

Jackson Grant Investment Advisers Inc. boosted its stake in shares of Alphabet by 0.6% in the fourth quarter. (NASDAQ:GOOGL) in a research report report published on Sunday morning. They now have a $1,200.00 target price on the information services provider's stock. They noted that the move was a valuation call.

GOOG has been the topic of several research analyst reports.

Shares in Alphabet Inc (NASAQ:GOOGL) opened higher on Wednesday after Credit Suisse hiked its price target for the Google owner.

On July 25 Bank of America held the stock rating at "Buy" but lowered the price target from $650.00 to $1.00. Finally, Stifel Nicolaus reissued a buy rating and set a $1,075.00 target price on shares of Alphabet in a research report on Monday, September 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company's stock. 202,010 shares of the company were exchanged. The stock is trading at $989.25 a bit higher than $938.42, the stock's 50 day moving average and which is just a bit higher than the 200 day moving average of $922.72. The firm has a market capitalization of $687.09 billion, a P/E ratio of 33.56 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, July 24th. Analysts expect next quarter's EPS will be $9.59 with next year's EPS anticipated to be $40.09. The business had revenue of $20.92 billion for the quarter, compared to the consensus estimate of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same period in the previous year, the company posted $8.42 earnings per share. As of the latest earnings report the EPS was $27.59 and is projected to be $30.58 for the current year with 692,879,000 shares presently outstanding. Morgan Stanley restated an "overweight" rating and issued a $1,050.00 target price on shares of Alphabet in a research note on Saturday, July 22nd. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and global trademark and copyright legislation. The legal version of this news story can be accessed at

A number of hedge funds have recently made changes to their positions in GOOGL. McQueen Ball & Associates Inc. grew its position in Alphabet by 18.2% in the 3rd quarter. Fort Pitt Capital Group LLC boosted its stake in shares of Alphabet by 0.3% in the fourth quarter. LLC boosted its stake in shares of Alphabet by 1.1% in the first quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider's stock valued at $1,085,000 after purchasing an additional 1,085,504 shares during the period. InterOcean Capital LLC boosted its stake in shares of Alphabet by 0.3% in the fourth quarter. Odey Holdings AG now owns 130 shares of the information services provider's stock valued at $121,000 after purchasing an additional 20 shares in the last quarter. Quantres Asset Management Ltd trimmed its investment by selling 100 shares a decrease of 10.0% from 06/30/2017 to 09/30/2017. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider's stock valued at $156,000 after buying an additional 157 shares during the period. Following the sale, the director now directly owns 5,517 shares of the company's stock, valued at $5,175,442.53.

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