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Published: Sat, October 14, 2017
Tech | By Dwayne Harmon

Royal Bank Of Canada Reaffirms "Buy" Rating for Alphabet Inc. (GOOGL)

Royal Bank Of Canada Reaffirms

With short interest at 3,766,508 and short average daily volume at 1,345,474, days to cover is 3.0 and the percentage of shorted shares is 0.01% as of September 15.

Several hedge funds have recently modified their holdings of GOOGL. State of Alaska Department of Revenue purchased a new stake in shares of Alphabet during the second quarter worth about $102,000. Cribstone Capital Management LLC grew its stake in shares of Alphabet by 5.7% in the second 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. Farmers National Bank increased its stake in shares of Alphabet by 2.7% during the first quarter. Inc. now owns 141 shares of the information services provider's stock worth $128,000 after acquiring an additional 40 shares during the last quarter. Finally, Riggs Asset Managment Co.

More notable recent Alphabet Inc (NASDAQ:GOOGL) news were published by: Seekingalpha.com which released: "Alphabet's Reach And Dominance Are Growing" on October 11, 2017, also Fool.com with their article: "Alphabet, Inc". Riggs Asset Managment Co. Neville Rodie & Shaw Inc. now owns 14,407 shares of the information services provider's stock valued at $14,028,000 after acquiring an additional 200 shares in the last quarter.

A total of 12 brokers have issued a research note on the stock. SunTrust Banks, Inc. reiterated a "buy" rating and issued a $1,100.00 target price on shares of Alphabet in a research report on Saturday, September 23rd. The firm earned "Buy" rating on Friday, July 29 by CLSA. Cowen and Company reiterated an outperform rating and set a $1,075.00 target price on shares of Alphabet in a research report on Thursday, August 10th.

On July 25 Deutsche Bank made no change to the stock rating of "Buy" and lowered the price expectation to $1.00 from $1.00. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and forty have assigned a buy rating to the company.

July 21 investment analysts at Deutsche Bank kept the company rating at "Buy" but moved down the price target from $1.00 to $1.00.

Shares of Alphabet Inc. (NASDAQ:GOOGL) opened at 1005.65 on Thursday. Alphabet has a one year low of $672.66 and a one year high of $996.39.

Alphabet Inc.'s P/E ratio is 35.85 and market capitalization is 685.43B. 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. 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). Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same quarter in the previous year, the firm earned $8.42 EPS.

WARNING: "Arthur M. Cohen & Associates LLC Invests $574,000 in Alphabet Inc". The Sr VP now owns $0 of the stock as reported to the SEC. If you are reading this story on another domain, it was illegally stolen and republished in violation of U.S. & global copyright & trademark laws. The correct version of this article can be read at https://weekherald.com/2017/10/12/arthur-m-cohen-associates-llc-invests-574000-in-alphabet-inc-googl-stock.html. Finally, Zacks Investment Research cut Alphabet from a "hold" rating to a "sell" rating in a research report on Monday, July 17th. (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.

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