Published: Fri, October 13, 2017
Money | By Armando Alvarado

Cohen & Associates LLC Invests $574000 in Alphabet Inc. (GOOGL) Stock

Cohen & Associates LLC Invests $574000 in Alphabet Inc. (GOOGL) Stock

The stock now has an average rating of "Buy" and a consensus price target of $1,058.31.

A number of analysts recently issued reports on the stock. 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. In analysts report issued to clients and investors on Wednesday, 11 October, Alphabet (NASDAQ:GOOGL) shares have had their "Outperform" Rating maintained by professional analysts at Credit Suisse. Wells Fargo & Company restated a "buy" rating on shares of Alphabet in a report on Friday, October 6th.

July 25 investment analysts at Deutsche Bank held the stock rating at "Buy" but lowered the price target to $1.00 from $1.00. The stock of Alphabet Inc (NASDAQ:GOOGL) earned "Overweight" rating by Piper Jaffray on Friday, October 23.

Alphabet (NASDAQ:GOOGL) opened at 1005.65 on Friday. It is now trading at $989.25 slightly over $938.42, the 50 day moving average and which is marginally higher than the 200 day moving average of $922.72.

Alphabet Inc.'s P/E ratio is 35.85 and market capitalization is 685.43B. GOOGL traded on a high for the day of 1 with a corresponding low of 987.94.The day's high marked a slight dip on the previous day's close which saw GOOGL finish the day's trading at 987.94.

Video in Malaysian court shows practice before Kim attack
The latter was one of three North Koreans identified by Malaysian police as persons sought for questioning in the murder probe. Another clip showed Siti meeting another man wearing a black cap at a restaurant, less than an hour before the attack.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, July 24th. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The company had revenue of $20.92 billion during the quarter, compared to analysts' expectations of $20.83 billion. As per Friday, September 29, the company rating was maintained by Morgan Stanley.

YouTube advertising was hit past year when companies pulled their ads from the video site after some appeared next to inappropriate or offensive images. Equities analysts expect that Alphabet will post $30.59 EPS for the current year. If you are viewing this report on another site, it was illegally stolen and republished in violation of USA and global copyright & trademark laws. The original version of this news story can be viewed at https://stocknewstimes.com/2017/10/12/brokerages-set-alphabet-inc-goog-pt-at-1040-18.html. The shares were sold on August 14th for an average price of $931.32. The total value of its holdings decreased 5.1%. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The shares were sold at an average price of $958.40, for a total transaction of $3,833,600.00. State of Alaska Department of Revenue acquired a new position in shares of Alphabet in the 2nd quarter valued at about $102,000. McQueen Ball & Associates Inc. now owns 591 shares of the information services provider's stock valued at $575,000 after acquiring an additional 91 shares in the last quarter. As of quarter end Quantres Asset Management Ltd had disposed of 100 shares trimming its position 10.0%. Lourd Capital, LLC claims 1,194 shares worth $1,145,000. LLC boosted its stake in shares of Alphabet by 1.1% in the first quarter. Odey Holdings AG now owns 130 shares of the information services provider's stock valued at $121,000 after buying an additional 20 shares during the period. 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.

Want to see what other hedge funds are holding GOOGL?

Here is a rundown on some insider market activity for Alphabet Inc. 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.

Like this: