Published: Fri, October 13, 2017
Finance | By Loren Pratt

Analysts See $8.43 EPS for Alphabet Inc (GOOGL)

Shares of Alphabet Inc. Morgan Stanley maintained the stock with "Buy" rating in Friday, September 29 report. Five brokerages rating the company a strong buy, seven brokerages rating the company a buy, one brokerage rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $930.08. Vetr upgraded Alphabet from a "buy" rating to a "strong-buy" rating and set a $1,069.98 target price on the stock in a research report on Tuesday, June 27th.

Several analysts have issued reports on the stock. Wells Fargo & Company reiterated an "outperform" rating and issued a $1,150.00 target price on shares of Alphabet in a research report on Saturday, July 22nd. 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 research report on Thursday, August 10th. The firm has "Buy" rating by Mizuho given on Friday, October 28. The rating was maintained by Needham with "Buy" on Tuesday, July 25. The rating was maintained by Robert W. Baird on Friday, September 29 with "Buy". (GOOGL). Trading was heavy with 1,814,999 shares changing hands by the end of trading on Monday. The stock has a 50 day moving average of $953.18 and a 200 day moving average of $940.96. The firm has a market capitalization of $696.79 billion, a PE ratio of 36.45 and a beta of 0.96. Alphabet has a one year low of $672.66 and a one year high of $996.39. The stock of Alphabet Inc (NASDAQ:GOOGL) has "Buy" rating given on Thursday, July 20 by Stifel Nicolaus. Analysts expect next quarter's EPS will be $9.59 with next year's EPS anticipated to be $40.09. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. The business had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. During the same period in the previous year, the firm posted $7.50 EPS.

YouTube advertising was hit past year when companies pulled their ads from the video site after some appeared next to inappropriate or offensive images.

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Eastern Bank decreased its stake in Alphabet Inc. The legal version of this report can be viewed at

Shares of Alphabet Inc. The total value of its holdings increased 0.5%.

The company is now up by 1.71% percent from yesterday's close. (NASDAQ:GOOGL) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. Sundar Pichai, CEO let go of $3,748,040 worth of shares at an average price of $937.01 on Wednesday the 6th. The disclosure for this sale can be found here. Curbstone Financial Management Corp raised its holdings in shares of Alphabet by 100.0% in the 3rd quarter. The value of the investment in Alphabet Inc. increased from $1,139,000 to $1,145,000 increasing 0.5% quarter over quarter.

Blue Fin Capital, Inc. divested its position by selling 25 shares a decrease of 1.7%. InterOcean Capital LLC now owns 971 shares of the information services provider's stock worth $769,000 after buying an additional 3 shares during the period. Hedge funds and other institutional investors own 34.53% of the company's stock. On the opposite side of that transaction from Geode Capital Management, Llc stood Vanguard Group Inc which added 333 shares to its existing stake, bringing total stake held in GOOGL to 18790 shares. The Company's businesses include Google Inc. and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The company has market cap of $679.13 billion. 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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