Investors sold shares of Alphabet Inc (NASDAQ:GOOGL) on strength during trading hours on Thursday. $416.63 million flowed into the stock on the tick-up and $520.46 million flowed out of the stock on the tick-down, for a money net flow of $103.83 million out of the stock. Of all equities tracked, Alphabet had the 5th highest net out-flow for the day. Alphabet traded up $1.72 for the day and closed at $1,150.61
Several research firms recently weighed in on GOOGL. Vetr cut shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,232.76 price objective on the stock. in a research report on Tuesday, March 6th. MKM Partners reiterated a “buy” rating and set a $1,355.00 price target (up from $1,210.00) on shares of Alphabet in a research report on Wednesday, February 21st. William Blair reiterated an “outperform” rating on shares of Alphabet in a research report on Thursday, February 1st. Argus increased their price target on shares of Alphabet to $1,300.00 in a research report on Monday, February 5th. Finally, Aegis reiterated a “buy” rating and set a $1,350.00 price target on shares of Alphabet in a research report on Sunday, February 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $1,167.67.
The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.11 and a current ratio of 5.14. The stock has a market cap of $799,810.00, a price-to-earnings ratio of 35.84, a price-to-earnings-growth ratio of 1.18 and a beta of 0.99.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share for the quarter, missing the consensus estimate of $10.12 by ($0.42). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The company had revenue of $25.87 billion for the quarter, compared to the consensus estimate of $25.65 billion. equities research analysts predict that Alphabet Inc will post 42.52 earnings per share for the current fiscal year.
Alphabet declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 1st that authorizes the company to buyback $8.59 billion in shares. This buyback authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOOGL. Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in shares of Alphabet during the 4th quarter valued at about $108,000. Stuart Chaussee & Associates Inc. purchased a new position in shares of Alphabet during the 4th quarter valued at about $123,000. Financial Gravity Companies Inc. purchased a new position in shares of Alphabet during the 4th quarter valued at about $138,000. Lee Financial Co lifted its position in shares of Alphabet by 500.0% during the 4th quarter. Lee Financial Co now owns 120 shares of the information services provider’s stock valued at $126,000 after buying an additional 100 shares in the last quarter. Finally, Stelac Advisory Services LLC purchased a new position in shares of Alphabet during the 3rd quarter valued at about $126,000. Institutional investors own 34.38% of the company’s stock.
Alphabet Company Profile
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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