Alphabet (GOOGL) Stock Rating Reaffirmed by Morgan Stanley

Morgan Stanley restated their overweight rating on shares of Alphabet (NASDAQ:GOOGL) in a report issued on Tuesday morning, Marketbeat reports. They currently have a $1,175.00 price objective on the information services provider’s stock, down from their previous price objective of $1,200.00.

Several other research analysts have also commented on GOOGL. William Blair reiterated an outperform rating on shares of Alphabet in a report on Thursday, February 1st. Vetr raised Alphabet from a buy rating to a strong-buy rating and set a $1,156.80 price objective for the company in a research report on Tuesday. Stifel Nicolaus downgraded Alphabet from a buy rating to a hold rating and set a $1,150.00 price objective for the company. in a research report on Friday, February 2nd. Aegis reissued a buy rating and set a $1,350.00 price objective on shares of Alphabet in a research report on Sunday, February 4th. Finally, MKM Partners reissued a buy rating and set a $1,355.00 price objective (up from $1,210.00) on shares of Alphabet in a research report on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company. Alphabet currently has a consensus rating of Buy and an average target price of $1,172.65.

NASDAQ GOOGL opened at $1,036.04 on Tuesday. Alphabet has a 52 week low of $841.03 and a 52 week high of $1,198.00. 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 firm has a market cap of $720,691.50, a PE ratio of 32.33, a P/E/G ratio of 1.11 and a beta of 1.05.



Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing the consensus estimate of $10.12 by ($0.42). Alphabet had a return on equity of 14.94% and a net margin of 11.42%. The company had revenue of $25.87 billion for the quarter, compared to analysts’ expectations of $25.65 billion. sell-side analysts expect that Alphabet will post 41.18 earnings per share for the current fiscal year.

Alphabet declared that its Board of Directors has approved a share buyback program on Thursday, February 1st that authorizes the company to buyback $8.59 billion in shares. This buyback authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Several institutional investors have recently made changes to their positions in the company. Vestpro Financial Partners Inc. dba CPF Texas purchased a new stake in Alphabet during the fourth quarter worth approximately $108,000. Odey Holdings AG lifted its stake in Alphabet by 18.2% during the second quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after purchasing an additional 20 shares during the last quarter. Stuart Chaussee & Associates Inc. purchased a new stake in Alphabet during the fourth quarter worth approximately $123,000. Stelac Advisory Services LLC purchased a new stake in Alphabet during the third quarter worth approximately $126,000. Finally, Lee Financial Co lifted its stake in Alphabet by 500.0% during the fourth quarter. Lee Financial Co now owns 120 shares of the information services provider’s stock worth $126,000 after purchasing an additional 100 shares during the last quarter. 34.38% of the stock is owned by institutional investors and hedge funds.

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Alphabet Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

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