Alphabet Inc (GOOGL) Rating Lowered to Hold at Pivotal ResearchPor Cirilo Laguardia Mar 21, 2017
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Needham on Jan 27, 2017 to Buy, Raises Price Target to $ 935 from a previous price target of $925.Company shares were Reiterated by Citigroup on Jan 3, 2017 to Buy, Raises Price Target to $ 975 from a previous price target of $910.Alphabet Inc was Initiated by Aegis Capital on Dec 21, 2016 to Buy, Price Target of the shares are set at $980. Pivotal Research's target price would indicate a potential upside of 11.49% from the stock's current price.
The analysts wrote, "The approach comes across to us as attempting to minimize the problem rather than eliminating it, which is the standard we think that many large brand advertisers expect", the analyst argued.
Alphabet Inc. (NASDAQ:GOOG) has climbed 1.05% in the past week and advanced 2.9% in the last 4 weeks. Mizuho started coverage on shares of Alphabet in a report on Saturday, March 11th. Pacific Crest reissued an "overweight" rating and set a $1,040.00 target price on shares of Alphabet in a research note on Saturday, March 11th. Hilliard Lyons reissued a neutral rating and set a $865.00 target price on shares of Alphabet in a research note on Saturday, March 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. They set a buy rating and a $1,024.00 target price for the company.
Alphabet (NASDAQ:GOOG) traded down 0.38% on Monday, reaching $848.91. Alphabet has a 1-year low of $663.28 and a 1-year high of $853.40. The stock's 50 day moving average is $824.43 and its 200-day moving average is $793.16. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 30.57. The company reported $9.36 EPS for the quarter, missing the consensus estimate of $9.67 by $0.31. The firm had revenue of $26.04 billion for the quarter, compared to the consensus estimate of $25.18 billion. The business's revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.67 earnings per share. Equities research analysts predict that Alphabet Inc will post $33.36 earnings per share for the current fiscal year.
In related news, Director Ann Mather sold 44 shares of the company's stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $792.27, for a total transaction of $34,859.88. Following the completion of the sale, the chief executive officer now directly owns 2,123 shares in the company, valued at approximately $1,803,488.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The stock was sold at an average price of $830.47, for a total transaction of $3,321,880.00. The shares were sold at an average price of $799.90, for a total value of $53,324,533.60. The disclosure for this sale can be found here.
On Wednesday, February 8th, Sundar Pichai sold 4,000 shares of Alphabet stock. MD boosted its stake in Alphabet by 0.7% in the third quarter. 770,520 shares of the stock traded hands. Asset Management One Co. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in shares of Alphabet by 71,762.1% in the fourth quarter.
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