According to Zacks, "Alphabet is one of the leading providers of target-based advertisements on the web". The company's quarterly revenue was up 23.7% compared to the same quarter past year. On a year to date basis, the stock has outperformed the industry it belongs to. Cullinan Associates Incorporated owns 0.27% invested in Alphabet Inc (NASDAQ:GOOG) for 3,800 shares. Its diversification strategy is also positive, but requires significant investment and involves uncertain payback periods, particularly since these efforts are at the cutting edge of technology.
A number of other brokerages have also recently issued reports on GOOGL.
Analysts have given a mean recommendation of 1.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Finally, JMP Securities reiterated an "outperform" rating and set a $1,077.00 price objective on shares of Alphabet in a research note on Tuesday, July 25th. J P Morgan Chase & Co reiterated a "buy" rating on shares of Alphabet in a research note on Tuesday, July 25th. They noted that the move was a valuation call.
In a note revealed to clients and investors on Friday, 27 October, The "Buy" rating of Alphabet Inc. Bank of America Corp. reissued a buy rating and set a $925.00 target price on shares of Alphabet in a research report on Wednesday, July 27th.
Ola Ties Up With Microsoft Corp To Set Up New Platform
The platform is created to continually collect, analyze, and learn from high volumes of data and user behaviour. Ola Play will be the first platform to be used in this partnership.
Among 5 analysts covering Cambrex Corp (NYSE:CBM), 5 have Buy rating, 0 Sell and 0 Hold. Alphabet presently has an average rating of "Buy" and a consensus target price of $1,088.53. (NASDAQ GOOG) opened at $1,025.90 on Tuesday. Needham maintained it with "Buy" rating and $830 target in Friday, October 23 report. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet has a 1-year low of $672.66 and a 1-year high of $839.00. The firm has a market capitalization of $729,534.13, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91.
Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating analysts' consensus estimates of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The firm had revenue of $22.27 billion for the quarter, compared to the consensus estimate of $21.94 billion. During the same quarter in the previous year, the business earned $9.06 EPS. equities research analysts expect that Alphabet Inc. will post 32.17 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: "Alphabet Inc. (GOOGL)" was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another domain, it was copied illegally and republished in violation of global copyright and trademark legislation. The original version of this piece of content can be viewed at https://baseballnewssource.com/markets/alphabet-inc-googl-lowered-to-hold-at-zacks-investment-research/1752985.html. Delta Asset Management LLC TN now owns 136 shares of the information services provider's stock valued at $116,000 after buying an additional 2 shares during the period. State of Alaska Department of Revenue bought a new stake in Alphabet in the second quarter valued at about $102,000. Emerald Acquisition Ltd. acquired a new stake in Alphabet during the second quarter worth approximately $400,022,000. Karp Capital Management Corp boosted its stake in Alphabet by 5,218.2% in the 1st quarter. $1031.58's average target is -1.09% below currents $1043 stock price. Inc. lifted its holdings in Alphabet by 5.0% during the 1st quarter. Investec Asset Management LTD now owns 621,109 shares of the information services provider's stock worth $526,576,000 after buying an additional 239,390 shares during the last quarter. Patriot Wealth Management Inc. lifted its holdings in Alphabet by 2.6% during the 1st quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider's stock valued at $167,000 after purchasing an additional 10 shares in the last quarter.
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