Alphabet Inc (GOOGL) Receives Overweight Rating from Morgan Stanley

Xavier Trudeau
Juin 4, 2017

IFC Holdings Incorporated FL now owns 3,494 shares of the information services provider's stock valued at $2,809,000 after buying an additional 58 shares during the period. Northstar Group Inc.'s holdings in Alphabet were worth $2,808,000 at the end of the most recent reporting period.

Several research firms have recently commented on GOOGL. Koch Industries Inc. purchased a new position in Alphabet during the fourth quarter worth $227,000. Founders Capital Management acquired a new stake in shares of Alphabet during the first quarter worth about $119,000. AGF Investments Inc. boosted its stake in Alphabet by 6.5% in the third quarter. Ltd. increased its position in shares of Alphabet by 696.2% in the fourth quarter. NY now owns 136 shares of the information services provider's stock worth $115,000 after buying an additional 10 shares during the last quarter. Fort Pitt Capital Group LLC boosted its stake in shares of Alphabet by 0.3% in the fourth quarter. Security National Trust Co. now owns 1,825 shares of the information services provider's stock valued at $1,467,000 after buying an additional 20 shares during the period.

A number of other hedge funds have also recently modified their holdings of the company.

"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 TradingView.widget ({ "height": "400, "width": "625, "symbol": "NASDAQ:GOOGL", "interval": "D", "timezone": "Etc/UTC", "theme": "White", "style": "1", "locale": "en", "toolbar_bg": "#f1f3f6", "enable_publishing": "false, "hideideas": "true, "referral_id": "2588"}); Receive News & Ratings for Alphabet Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc and related companies with's FREE daily email newsletter. The company's stock had a trading volume of 1,750,955 shares. The stock has a market capitalization of $689.06 billion, a PE ratio of 33.66 and a beta of 0.98. The stock has a 50-day moving average price of $917.38 and a 200-day moving average price of $834.64. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Alphabet by 0.6% in the fourth quarter.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, April 27th. The information services provider reported $7.73 EPS for the quarter, topping the consensus estimate of $7.24 by $0.49. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. The business had revenue of $20.12 billion for the quarter, compared to analysts' expectations of $19.65 billion. During the same period past year, the business posted $7.50 earnings per share. Alphabet's revenue was up 22.2% compared to the same quarter previous year. On average, equities research analysts expect that Alphabet will post $33.95 EPS for the current year.

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Morgan Stanley reiterated their overweight rating on shares of Alphabet Inc (NASDAQ:GOOGL) in a research note released on Wednesday, May 24th. Finally, Canaccord Genuity restated a "buy" rating and set a $950.00 target price on shares of Alphabet in a report on Wednesday, March 1st. William Blair reaffirmed an outperform rating on shares of Alphabet in a report on Friday, March 3rd. They set a "buy" rating and a $1,024.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and forty have given a buy rating to the stock. Alphabet presently has a consensus rating of "Buy" and an average price target of $981.49. Following the completion of the sale, the senior vice president now directly owns 5,800 shares of the company's stock, valued at $4,944,036. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The firm owned 3,278 shares of the information services provider's stock after selling 40 shares during the period. The disclosure for this sale can be found here.

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