EPS for Alphabet Inc (GOOGL) Expected At $8.43

EPS for Alphabet Inc (GOOGL) Expected At $8.43

They presently have a $1,200.00 price objective on the information services provider's stock. They now have a $1,050.00 price objective on the information services provider's stock. The analysts noted that the move was a valuation call. The Other Bets segment is involved in the sales of Internet and television services through Google Fiber, sales of Nest products and services, and licensing and research and development (R&D) services through Verily. S&P Research maintained the stock with "Hold" rating in Tuesday, August 11 report.

On July 25 Deutsche Bank made no change to the stock rating of "Buy" but lowered the price expectation to $1.00 from $1.00. The rating was maintained by UBS on Friday, September 8 with "Buy". Finally, MKM Partners reiterated a "buy" rating and set a $1,170.00 price target on shares of Alphabet in a research note on Wednesday, June 28th. Jefferies maintained Alphabet Inc (NASDAQ:GOOGL) on Friday, October 23 with "Buy" rating.

Among 25 analysts covering Illumina Inc (NASDAQ:ILMN), 13 have Buy rating, 2 Sell and 10 Hold. The stock has "Buy" rating by Robert W. Baird on Friday, September 29.

Alphabet Inc.'s P/E ratio is 35.85 and market capitalization is 685.43B. Alphabet Inc. has a 52-week low of $743.59 and a 52-week high of $1,008.61. Shares of the company are trading at $989.25 which is marginally higher than $938.42, the stock's 50 day moving average and which is marginally over the 200 day moving average of $922.72.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Monday, July 24th. 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).

While considering EPS estimates of the company, it has next quarter growth estimates of 9.59 whereas during current year it has 30.59 estimations over growth, comparing to the estimations of 40.1 during next year.

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Analysts See Alphabet Inc.

COPYRIGHT VIOLATION WARNING: "Alphabet Inc". BTIG Research initiated the stock with "Neutral" rating in Thursday, August 25 report. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & worldwide copyright & trademark law. Their activity in GOOGL in recent trading has also spurred interest in the stock.

Several large investors have recently added to or reduced their stakes in the business. Pure Financial Advisors Inc. boosted its holdings in shares of Alphabet by 0.4% in the 2nd quarter. Farmers National Bank now owns 150 shares of the information services provider's stock valued at $127,000 after purchasing an additional 4 shares during the period.

Over the past three months, Alphabet Inc. insiders have been net buyers, dumping a net of -52,139 shares. Inc. now owns 152 shares of the information services provider's stock valued at $129,000 after purchasing an additional 56 shares during the period.

Eastern Bank decreased its stake in Alphabet Inc. Curbstone Financial Management Corp now owns 790 shares of the information services provider's stock valued at $769,000 after acquiring an additional 395 shares in the last quarter. LLC boosted its stake in shares of Alphabet by 1.1% in the first quarter. The fund purchased 625 shares of the information services provider's stock, valued at approximately $574,000. Finally, Bridges Investment Management Inc. raised its holdings in shares of Alphabet by 1.4% in the 3rd quarter. As of the end of the quarter Grassi Investment Management had acquired a total of 105 shares growing its position 15.0%.

General Company Details For Google 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. 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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