Alphabet Inc Class A (GOOGL) Price Target Cut to $1,400.00 by Analysts at Barclays

Alphabet Inc Class A (NASDAQ:GOOGL) had its target price trimmed by Barclays from $1,415.00 to $1,400.00 in a report issued on Friday morning, MarketBeat reports. The firm currently has an overweight rating on the information services provider’s stock.

A number of other analysts have also recently weighed in on GOOGL. Monness Crespi & Hardt upped their price target on Alphabet Inc Class A from $1,306.00 to $1,415.00 and gave the company a buy rating in a research report on Tuesday, July 24th. Zacks Investment Research cut Alphabet Inc Class A from a hold rating to a sell rating in a research report on Monday, July 2nd. Canaccord Genuity reiterated a hold rating and issued a $1,170.00 price target (up from $1,050.00) on shares of Alphabet Inc Class A in a research report on Tuesday, July 24th. ValuEngine upgraded Alphabet Inc Class A from a hold rating to a buy rating in a research report on Monday, July 2nd. Finally, Wedbush set a $1,350.00 price target on Alphabet Inc Class A and gave the company a buy rating in a research report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirty-one have assigned a buy rating to the stock. Alphabet Inc Class A presently has an average rating of Buy and an average target price of $1,329.55.

NASDAQ:GOOGL traded down $19.84 during trading hours on Friday, reaching $1,083.75. The company had a trading volume of 5,319,758 shares, compared to its average volume of 2,120,504. Alphabet Inc Class A has a one year low of $984.00 and a one year high of $1,291.44. The stock has a market capitalization of $768.04 billion, a price-to-earnings ratio of 33.81, a price-to-earnings-growth ratio of 1.39 and a beta of 1.10. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.15 and a quick ratio of 4.13.



Alphabet Inc Class A (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, beating analysts’ consensus estimates of $10.54 by $2.52. Alphabet Inc Class A had a return on equity of 19.75% and a net margin of 14.45%. The firm had revenue of $27.16 billion for the quarter, compared to analysts’ expectations of $27.32 billion. Research analysts expect that Alphabet Inc Class A will post 42.85 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of GOOGL. HC Financial Advisors Inc. bought a new position in Alphabet Inc Class A in the fourth quarter valued at about $616,000. Greenleaf Trust lifted its stake in Alphabet Inc Class A by 6.2% in the first quarter. Greenleaf Trust now owns 3,147 shares of the information services provider’s stock valued at $3,264,000 after buying an additional 183 shares during the period. Atria Investments LLC lifted its stake in Alphabet Inc Class A by 17.7% in the first quarter. Atria Investments LLC now owns 4,478 shares of the information services provider’s stock valued at $4,644,000 after buying an additional 674 shares during the period. Kornitzer Capital Management Inc. KS lifted its stake in Alphabet Inc Class A by 3.5% in the first quarter. Kornitzer Capital Management Inc. KS now owns 50,922 shares of the information services provider’s stock valued at $52,813,000 after buying an additional 1,712 shares during the period. Finally, Provident Trust Co. lifted its stake in Alphabet Inc Class A by 1.5% in the first quarter. Provident Trust Co. now owns 149,454 shares of the information services provider’s stock valued at $155,005,000 after buying an additional 2,259 shares during the period. Institutional investors and hedge funds own 33.48% of the company’s stock.

About Alphabet Inc Class A

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.

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