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

Alphabet Inc. (GOOGL) now the company's industry has 11.66 P/E and the sector P/E is 16.31. (NASDAQ:GOOG) in a research note published on Friday morning. CIBC now has a $1,180.00 price objective on the information services provider's stock, up from their previous price objective of $1,050.00.

A number of other research analysts also recently issued reports on the stock.

Alphabet Inc. (GOOG) closed its day with gain 4.80% and ended at the price of $1019.27. Cowen and Company reissued an "outperform" rating and issued a $1,075.00 price target on shares of Alphabet in a research report on Thursday, August 10th. Finally, Goldman Sachs Group Inc. set a $810.00 price objective on Alphabet and gave the company a "buy" rating in a report on Wednesday, July 20th. MKM Partners restated a "buy" rating and issued a $1,210.00 price target (up previously from $1,170.00) on shares of Alphabet in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-nine have given a buy rating to the company's stock. Vetr downgraded Alphabet from a "buy" rating to a "hold" rating and set a $765.87 price objective on the a report on Tuesday, July 19th. (NASDAQ:GOOGL) on weakness during trading hours on Monday. The stock has returned 3.14% weekly, which was maintained at 7.35% in the 1-month period. Alphabet has a 12-month low of $743.59 and a 12-month high of $1,063.62. The stock has a market cap of $700.56 billion, a PE ratio of 36.64 and a beta of 0.94.

The company has a 50-day moving average of $976.09 and a 200 day moving average of $956.78. The firm has fifty days moving average percentage of 3.19% to its latest price change. The information services provider reported $9.57 EPS for the quarter, topping the consensus estimate of $8.31 by $1.26. The company had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $27.17 billion. Of all equities tracked, Alphabet had the 14th highest net in-flow for the day.

The noticeable indication captures as GOOG has -10.80% of earning per share growth for this year. The EPS growth for the next five years accounts to 19.91% *. If you are viewing this article on another publication, it was stolen and republished in violation of U.S. and worldwide trademark and copyright laws. If you are accessing this article on another site, it was stolen and reposted in violation of United States & global copyright & trademark law. The correct version of this article can be viewed at

The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 20.57 million shares, BLACKROCK INC. with 18.63 million shares, FMR LLC with 17.65 million shares, STATE STREET CORP with 11.7 million shares, and PRICE T ROWE ASSOCIATES INC /MD/ with 7.3 million shares. Girard Partners LTD. now owns 4,528 shares of the information services provider's stock valued at $3,839,000 after purchasing an additional 439 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of Alphabet during the first quarter worth $1,681,000. Carret Asset Management LLC now owns 9,982 shares of the information services provider's stock worth $8,281,000 after purchasing an additional 145 shares during the period. Culbertson A N & Co.

TRADEMARK VIOLATION WARNING: "Alphabet Inc". 1,755,531 shares of the company's stock were exchanged. Perennial Advisors LLC lifted its stake in Alphabet by 8.7% during the 2nd quarter. Finally, LVW Advisors LLC increased its stake in shares of Alphabet by 29.6% in the first quarter. 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.

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