Morgan Stanley raised its price target on Alphabet (NASDAQ:GOOGL) to $135.00.

Morgan Stanley analysts lowered their price target for Alphabet (NASDAQ:GOOGL) from $145.00 to $135.00, according to The Fly on Monday. The target price was previously set at $145.00. Instead, Morgan Stanley set a price target for the stock. This represents a potential increase of 36.81% from the stock’s last closing price.

Comments on Google have recently been provided by several other stock analysts. In a research note released Wednesday, July 27, Oppenheimer downgraded his “outperform” rating on Alphabet shares and lowered his price target on the company’s stock to $155.00 per share in a research note. Additionally, they announced that they would no longer hedge the stock. In a report distributed on Tuesday, October 4, Bank of America lowered its “buy” recommendation on Alphabet shares and its price target on the company’s stock from $125.00 to $114.00. This was done in conjunction with a decrease in the price target for the stock. Exane In a research report published on July 20, BNP Paribas lowered the rating of Alphabet shares from “outperforming” to “neutral” in a research report. The report focused on the company’s investment strategy. In a report released on Wednesday, July 27, Credit Suisse Group indicated that Alphabet’s target price will decrease. The stock received an “outperform” rating despite the decline. Before that, the price target was set at $143. In a research note published on July 20, 2013, BNP Paribas downgraded Alphabet’s rating from “outperform” to “neutral” in a research note released to investors. BNP Paribas has also set a price target of $118.00 for the stock. Five investment professionals gave the stock a “hold” recommendation. However, 34 analysts gave the stock a “buy” rating and one gave the stock a “strong buy” rating. Based on information from Bloomberg, the stock has been assigned a consensus rating of “Moderate Buy” and the current consensus price target is $146.62.
When trading began on Monday, a share of GOOGL was selling for $98.68 per share. A debt ratio of 0.06, a quick ratio of 2.78 and a current ratio of 2.81 are appropriate numbers. The company’s stock price moving average over the past 50 days is $109.07 and the past 200-day moving average is $115.36. Over the past 52 weeks, Alphabet’s price has varied from a low of $95.56 to a high of $151.55 at various times. The stock has a price/earnings ratio of 18.36, a price/earnings/growth ratio of 1.68 and a beta value of 1.10. All of these metrics indicate that the stock is relatively expensive. The company currently has a market capitalization of $1.29 quadrillion.

Alphabet’s (NASDAQ:GOOGL) latest quarterly earnings report was released on July 26. The report covered the period ending the previous quarter. The information services company’s earnings per share came in at $1.21 for the quarter, $0.06 less than analysts of $1.27 had expected the company to earn per share. Alphabet’s return on equity was 28.65%, while the company’s net margin was 25.89%. These two figures represent a percentage of the total. The company’s sales results for the period were $57.47 billion, which is lower than the consensus forecast of $57.55 billion for the period that most people have made. The company posted earnings of $27.26 per share in the same period a year earlier. Stock market research firms expect Alphabet to generate $5.21 per share in 2018, bringing the company’s total earnings to $19.8 billion. Other relevant developments include the fact that chief administrative officer (CAO), Amy Thuener O’toole, sold 847 shares of the company as part of the transaction. For $114.33 per share on average, a total of $96,837.51 worth of shares was traded, which generated revenue.
The average price per share was $114.33. After the completion of the transaction, the chief accounting officer acquired direct ownership of 24,052 shares of the company, which have a combined value of $2,749,865.16. You can find a copy of the filing that discloses the transaction on the Securities and Exchange Commission (SEC) website. The record described the transaction. Amie Thurner O’Toole, currently the company’s chief operating officer, sold a total of 847 shares of the company on Tuesday, August 2. For $114.33 per share on average, a total of $96,837.51 worth of shares was traded resulting in income. The average price per share was $114.33. As a result of the transaction, the chief accounting officer now owns 24,052 shares of the company. The total value of these shares is $2,749,865.16, so the CFO’s holdings have increased significantly.
You may find a filing that explains the transaction in more detail on the Securities and Exchange Commission (SEC) website. Additionally, on July 25, director Ann Mather sold 300 shares of the company in a transaction recorded on the company’s books. The transaction involved the sale of the shares at an average price of $108.94 per share, which resulted in a total sale volume of $32,682.00. Following completion of the transaction, the director now owns a total of 11,360 shares of the company, which are worth approximately $1,237,558.40 per share at present. Disclosures related to the sale can be found in this section of the website. Additionally, in the past three months, employees with insider trading privileges at the company sold a total of 174,306 shares of the company, bringing in a sum of $18,149,359. Currently, 11.44% of the shares of the company are held by insiders of the company.

Recently, several hedge funds have made various changes to the amount of GOOGL shares they currently hold due to recent market events. During the first three months of 2018, Vanguard Group Inc. increased the number of Alphabet shares held by 1.4%, bringing the total number of Alphabet shares it held to a total of 2. The Vanguard Group Inc. .now owns a total of 23,304,411 shares. from the information service provider’s stock. This was achieved through the company’s additional purchase of 331,945 shares during the last fiscal quarter. The market value of these shares is now equal to $64,817,723,000. The value of Fiera Capital Corporation’s holdings in Alphabet increased by 1,973.0% in the second quarter compared to the previous quarter. By the end of the last fiscal quarter, Fiera Capital Corp had acquired ownership of 17,857,000 shares of the information services provider, which had a market value of $1,945,783,000 at that time. Mackenzie Financial Corporation increased its stake in Alphabet by 1,876.5% during the third quarter of this year. Mackenzie Financial Corp acquired 6,807,300 shares of the information services provider last quarter, bringing the total number of shares held by the company to 7,170,066 worth $685,817,000. The percentage of Alphabet shares held by Bishop Rock Capital LP increased to 95,776.8% during the second quarter of the year. Bishop Rock Capital LP now owns 5,500,452 shares of the information services provider, valued at $2,524,000 after purchasing an additional 5,494,715 shares in the most recent period. Norges Bank completed the acquisition of a new position in Alphabet during the fourth quarter at a cost of approximately $14,477,662,000. This position is the last and most significant. Institutional investors and hedge funds currently own 1.88% of the company’s shares.

Alphabet Inc. provides customers in the United States of America, Europe, the Middle East, Africa, Asia-Pacific, Canada and Latin America with access to various products and platforms. The three separate divisions that make up the entire company are Other Bets, Google Cloud, and Google Services, respectively. Additionally, there are links to Ads, Android, Chrome, Hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube located in the Google Services section of the Google website.

Comments are closed.