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Alphabet Inc (GOOGL) Receives Buy Rating from Jefferies Group LLC

13 October 2017

Traders are feeling more bullish on Alphabet Inc. recently at least if you consider the downtick in short interest. (NASDAQ:GOOGL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,965 shares of the information services provider's stock after selling 135 shares during the period. Burney holds 1,407 shares or 0.08% of its portfolio. The Other Bets segment is engaged 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. Horrell Cap Management Inc reported 5 shares stake. Jackson Grant Investment Advisers Inc. now owns 170 shares of the information services provider's stock worth $135,000 after buying an additional 1 shares in the last quarter. Delta Asset Management LLC TN boosted its stake in shares of Alphabet by 1.5% in the first quarter. 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. Baystate Wealth Management LLC boosted its holdings in shares of Alphabet by 0.7% in the 2nd quarter. Osmium Partners Llc owns 1.92 million shares or 13.51% of their U.S. portfolio. Fort Pitt Capital Group LLC boosted its stake in shares of Alphabet by 0.3% in the fourth quarter. RB Capital Management LLC now owns 704 shares of the information services provider's stock valued at $654,000 after buying an additional 3 shares in the last quarter. 2 funds opened positions while 9 raised stakes. The fund purchased 625 shares of the information services provider's stock, valued at approximately $574,000. Institutional shareholders now hold a 79.88% stake overall in GOOGL.

WARNING: This article was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. and worldwide copyright & trademark laws. (GOOGL). Moving averages have the ability to be used as a powerful indicator for technical stock analysis.

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Driving interest in Alphabet Inc. The firm has a market capitalization of $685.43 billion, a price-to-earnings ratio of 35.85 and a beta of 0.94. The stock's 50 day moving average is $918.17 and its 200 day moving average is $847.92. Google has $1250.0 highest and $670 lowest target.

Alphabet Inc. (NASDAQ:GOOGL) attracting analysts when it go through a change of 1.81% in the current trading session to trade at $1005.65. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $8.25 by ($3.24). The company had revenue of $20.92 billion for the quarter, compared to analyst estimates of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same period in the previous year, the firm posted $7.50 EPS. It now has negative earnings.

Samsung predicts record profits for third quarter as memory business booms
The South Korean company did not elaborate on its performance and will disclose detailed earnings in late October. The company also estimates third-quarter sales of 62 trillion won compared to 47.82 trillion won a year ago .

GOOGL has been the subject of several research analyst reports. Vetr upgraded Alphabet from a "buy" rating to a "strong-buy" rating and set a $1,069.98 target price on the stock in a research report on Tuesday, June 27th. They noted that the move was a valuation call. The firm has "Buy" rating given on Friday, July 7 by Societe Generale. Aegis Capital maintained Alphabet Inc (NASDAQ:GOOGL) on Monday, July 24 with "Buy" rating. On Tuesday, August 11 the stock rating was maintained by Deutsche Bank with "Buy".

Among 51 analysts covering Google (NASDAQ:GOOGL), 46 have Buy rating, 0 Sell and 5 Hold.

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Alphabet Inc (GOOGL) Receives Buy Rating from Jefferies Group LLC