Alphabet (NASDAQ:GOOGL) PT Lowered to $1,530.00 at UBS Group

Alphabet (NASDAQ:GOOGL) had its target price lowered by UBS Group from $1,675.00 to $1,530.00 in a research report released on Monday, BenzingaRatingsTable reports. The firm currently has a buy rating on the information services provider’s stock.

GOOGL has been the topic of a number of other reports. Loop Capital dropped their target price on shares of Alphabet from to in a report on Tuesday, March 10th. Barclays reissued a buy rating and set a $1,635.00 target price on shares of Alphabet in a report on Wednesday, February 5th. Royal Bank of Canada reissued a buy rating and set a $1,350.00 target price on shares of Alphabet in a report on Sunday. Tigress Financial reissued a buy rating on shares of Alphabet in a report on Monday, March 23rd. Finally, SunTrust Banks dropped their target price on shares of Alphabet from $1,600.00 to $1,350.00 and set a buy rating on the stock in a report on Thursday, March 26th. Five analysts have rated the stock with a hold rating and forty-two have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $1,497.13.

NASDAQ GOOGL traded up $14.93 during trading hours on Monday, reaching $1,117.03. 2,819,002 shares of the company traded hands, compared to its average volume of 2,487,929. Alphabet has a 12 month low of $1,008.87 and a 12 month high of $1,530.74. The company has a current ratio of 3.37, a quick ratio of 3.35 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $762.01 billion, a PE ratio of 22.71, a PEG ratio of 1.47 and a beta of 1.04. The company has a 50 day moving average of $1,292.00 and a two-hundred day moving average of $1,317.44.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, February 3rd. The information services provider reported $15.35 EPS for the quarter, beating the Zacks’ consensus estimate of $12.76 by $2.59. The firm had revenue of $37.57 billion for the quarter, compared to the consensus estimate of $38.44 billion. Alphabet had a net margin of 21.22% and a return on equity of 18.66%. During the same period in the prior year, the firm posted $12.77 EPS. On average, equities research analysts anticipate that Alphabet will post 50.02 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. Stephenson National Bank & Trust acquired a new position in shares of Alphabet in the fourth quarter worth about $27,000. Cox Capital Mgt LLC acquired a new position in shares of Alphabet in the first quarter worth about $27,000. TFO TDC LLC acquired a new position in shares of Alphabet in the fourth quarter worth about $32,000. BigSur Wealth Management LLC acquired a new position in shares of Alphabet in the fourth quarter worth about $33,000. Finally, HighMark Wealth Management LLC acquired a new position in shares of Alphabet in the fourth quarter worth about $34,000. Institutional investors own 35.06% of the company’s stock.

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.

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