July 19, 2018

Analysts See $8.43 EPS for Alphabet Inc (GOOGL)

13 October 2017, 12:14 | Joann Bryant

36.67% to Target, Credit Suisse Reconfirms Buy Rating for Alphabet (GOOGL) Stock; Boca Resorts (RST)'s Sentiment


They presently have a $1,200.00 price objective on the information services provider's stock. Pure Financial Advisors Inc. now owns 278 shares of the information services provider's stock valued at $258,000 after buying an additional 1 shares in the last quarter. Bath Savings Trust Co now owns 7,529 shares of the information services provider's stock valued at $7,332,000 after acquiring an additional 635 shares in the last quarter. Farmers National Bank grew its stake in shares of Alphabet by 15.0% in the first quarter. As of quarter end Quantres Asset Management Ltd had disposed of 100 shares trimming its position 10.0%. The most recent shifts in number of shares owned by institutions came on June 30, 2017 when Geode Capital Management, Llc sold 28 shares from its total ownership of 2661. Neville Rodie & Shaw Inc. now owns 14,407 shares of the information services provider's stock valued at $14,028,000 after acquiring an additional 200 shares in the last quarter.

Arthur M. Cohen & Associates LLC purchased a new stake in shares of Alphabet Inc. Institutional investors and hedge funds own 34.53% of the company's stock.

Alphabet shares jumped 0.9%, or US$9.10, to US$996.90 in early deals on Wednesday. "(GOOG) Acquired by Deroy & Devereaux Private Investment Counsel Inc." was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & global copyright & trademark law. The legal version of this story can be read at Alphabet Inc (NASDAQ:GOOGL) has risen 33.46% since October 11, 2016 and is uptrending. (NASDAQ:GOOGL) opened at 1005.65 on Thursday. The company has a 50 day moving average of $953.18 and a 200 day moving average of $940.96. After $5.01 actual EPS reported by Alphabet Inc for the previous quarter, Wall Street now forecasts 68.26% EPS growth. The business had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. The information services provider reported $5.01 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $8.25 by ($3.24).

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, July 24th. With short interest at 3,766,508 and short average daily volume at 1,345,474, days to cover is 3.0 and the percentage of shorted shares is 0.01% as of September 15. The disclosure for this sale can be found here.

GOOGL has been the subject of several research analyst reports. The stock of Alphabet Inc (NASDAQ:GOOGL) has "Buy" rating given on Friday, October 23 by B. Riley & Co. 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. SunTrust Banks, Inc. assumed coverage on shares of Alphabet in a research note on Wednesday, August 16th. Royal Bank Of Canada restated a "buy" rating and issued a $1,050.00 price target on shares of Alphabet in a research note on Sunday. JMP Securities maintained the shares of GOOGL in report on Tuesday, July 25 with "Market Outperform" rating. Jefferies has "Buy" rating and $120000 target.

The return on assets (ROA) (aka return on total assets, return on average assets), is one of the most widely used profitability ratios because it is related to both profit margin and asset turnover, and shows the rate of return for both creditors and investors of the company.

Here is a rundown on some insider market activity for Alphabet Inc. The Company's businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company's segments include Google and Other Bets.

A number of other research analysts have also recently issued reports on the company. Institutional shareholders now hold a 79.88% stake overall in GOOGL.

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