Alphabet Inc. (GOOGL) Shares Sold by Eastern Bank

13 October, 2017, 04:33 | Author: Regina Silva
  • Credit Suisse’s target of US$1,350 is the highest on Wall Street according to FactSet

Alphabet Inc (NASDAQ:GOOG) has risen 33.37% since October 12, 2016 and is uptrending. They presently have a $1,200.00 price objective on the information services provider's stock. The price target indicates a potential upside of 34.24 % from the last stock close price of Alphabet (NASDAQ:GOOGL). The company was maintained on Wednesday, December 7 by Morgan Stanley. 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. Vetr cut shares of Alphabet from a "buy" rating to a "hold" rating and set a $988.73 price target on the stock.in a report on Monday, October 2nd. On July 25 Bank of America held the company rating at "Buy" and lowered the price target to $1.00 from $580.00. Evercore maintained Alphabet Inc (NASDAQ:GOOGL) on Thursday, September 3 with "Buy" rating. Deutsche Bank maintained Alphabet Inc (NASDAQ:GOOG) on Friday, July 21 with "Buy" rating. Cowen and Company restated an "outperform" rating and issued a $1,075.00 price target on shares of Alphabet in a research note on Thursday, August 10th. Five brokerages rating the company a strong buy, seven brokerages rating the company a buy, one brokerage rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $930.08. The firm now has a $1,200.00 price target on the information services provider's stock, up from their prior price target of $950.00. Focused Wealth Management has 0.08% invested in Alphabet Inc (NASDAQ:GOOG) for 227 shares. The stock has a market cap of $684.45 billion, a PE ratio of 35.80 and a beta of 0.94. Alphabet has a one year low of $672.66 and a one year high of $996.39. The firm has a 50 day moving average price of $940.16 and a 200 day moving average price of $923.18.

More notable recent Alphabet Inc (NASDAQ:GOOG) news were published by: Nasdaq.com which released: "Hartwell JM Limited Partnership Buys Alphabet Inc, Alibaba Group Holding ..." on October 10, 2017, also Investorplace.com with their article: "Buy Alphabet Inc (GOOGL) Stock on the Next Pullback" published on October 10, 2017, Seekingalpha.com published: "Alphabet Over Amazon, And Why It Matters Thematically" on October 09, 2017. This is assuming the current $8.43 EPS is accurate. Return on assets is 11.40% and Return on equity (ROE) is 13.70% while it's Return on Investment (ROI) of 13.30%. The business had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. During the same period previous year, the firm earned $8.42 EPS. Next quarter's EPS is expected be $9.59 and the next full year EPS is anticipated to be $40.09.

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COPYRIGHT VIOLATION WARNING: "Alphabet Inc". The rating was maintained by Citigroup with "Neutral" on Friday, April 1. If you are reading this article on another publication, it was stolen and reposted in violation of U.S. & global copyright and trademark laws. The firm has "Hold" rating by Jefferies given on Monday, July 24.

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. Short shares decreased from 3,800,008 to 3,766,508 over that period. Parkside Financial Bank & Trust lifted its holdings in shares of Alphabet by 39.6% in the 2nd quarter. The purchase, at a price of $817, resulted in Antonio Lee bringing total 4.49 billion shares. As of quarter end Quantres Asset Management Ltd had disposed of 100 shares trimming its position 10.0%. Hartford Investment Management Co. now owns 79,529 shares of the information services provider's stock valued at $65,974,000 after acquiring an additional 4,602 shares during the period.

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