Traders sold shares of Alphabet Inc (NASDAQ:GOOGL) on strength during trading on Monday. $545.51 million flowed into the stock on the tick-up and $663.11 million flowed out of the stock on the tick-down, for a money net flow of $117.60 million out of the stock. Of all stocks tracked, Alphabet had the 6th highest net out-flow for the day. Alphabet traded up $5.09 for the day and closed at $1,165.93
Several research firms have weighed in on GOOGL. Wells Fargo & Co reaffirmed a “buy” rating and set a $1,275.00 price target on shares of Alphabet in a research report on Friday, February 2nd. Cowen boosted their target price on Alphabet from $1,150.00 to $1,230.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. Oppenheimer boosted their target price on Alphabet from $1,180.00 to $1,340.00 and gave the stock a “hold” rating in a report on Friday, February 2nd. William Blair reissued an “outperform” rating on shares of Alphabet in a report on Thursday, February 1st. Finally, SunTrust Banks reissued a “buy” rating and set a $1,250.00 target price on shares of Alphabet in a report on Friday, January 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,167.67.
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 capitalization of $809,960.00, a price-to-earnings ratio of 36.32, a P/E/G ratio of 1.20 and a beta of 0.99.
Alphabet announced that its board has authorized a share repurchase plan on Thursday, February 1st that authorizes the company to buyback $8.59 billion in shares. This buyback authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.
Large investors have recently added to or reduced their stakes in the company. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in shares of Alphabet during the 4th quarter worth $108,000. Odey Holdings AG lifted its position in shares of Alphabet by 18.2% during the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after buying an additional 20 shares during the last quarter. Stuart Chaussee & Associates Inc. bought a new stake in shares of Alphabet during the 4th quarter worth $123,000. Stelac Advisory Services LLC bought a new stake in shares of Alphabet during the 3rd quarter worth $126,000. Finally, Lee Financial Co lifted its position in shares of Alphabet by 500.0% during the 4th quarter. Lee Financial Co now owns 120 shares of the information services provider’s stock worth $126,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 34.38% of the company’s stock.
Alphabet Company Profile
Alphabet Inc is a holding company. 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. 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 initiatives.
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