Shares of Alphabet (NASDAQ:GOOG) traded up 4.0978% during mid-day trading on Tuesday, hitting $782.8154. The stock has a market capitalization of $554.30 billion and a price-to-earnings ratio of 33.975. The stock’s 50-day moving average is $751.51 and its 200-day moving average is $709.31. The 52-week high of the share price is $779.98 and the company has a market cap of $517,169 M. The 52-week low of the share price is at $515.18.
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Alphabet Inc (NASDAQ:GOOG) is a collection of Companies. The company reported $8.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.58.
Revenue rose 18 percent to $21.3 billion, besting analyst revenue expectations of $16.9 billion. It is also a leader in artificial intelligence, an important area of investment for internet firms today, with applications in everything from autonomous cars to photo-recognition, as well as in Google’s original internet-search business. Credit Suisse lifted their price target on Alphabet from $900.00 to $930.00 and gave the company an “outperform” rating in a research report on Tuesday. Company shares were Reiterated by UBS on Feb 2, 2016 to “Buy”, Raises Price Target to $ 875 from a previous price target of $835.
It was a tale of two companies.
A number of hedge funds have bought and sold shares of the stock. After paying the bills, Alphabet ended up with a $6 billion (non-GAAP) profit for the quarter. Webster Bank now owns 8,026 shares of the company’s stock worth $6,245,000 after buying an additional 117 shares in the last quarter. Beese Fulmer Investment Management Inc. increased its position in Alphabet by 1.1% in the fourth quarter. Cape ANN Savings Bank increased its stake in shares of Alphabet by 2.9% in the fourth quarter. The company’s share price has gained about 49 percent over the past 12 months and is up about 2 percent since the start of the year, well above the S&P’s 5 percent drop in the same period of time. Finally, W.G. Shaheen & Associates DBA Whitney & Co raised its stake in Alphabet by 1.1% in the fourth quarter. Tower Bridge Advisors now owns 17,316 shares of the company’s stock worth $13,141,000 after buying an additional 287 shares in the last quarter.
Alphabet Inc (NASDAQ:GOOGL) is a collection of Companies.
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Google’s parent Alphabet Inc easily beat Wall Street’s quarterly profit forecasts on Monday, helped by strong mobile advertising sales, sending the firm’s shares higher in after-hours trading to surpass Apple as the most valuable company in America. Pursuant to the Alphabet Merger, Merger Sub, a direct, wholly owned subsidiary of Alphabet and an indirect, wholly owned subsidiary of Google, merged with and into Google, with Google surviving as a direct, wholly owned subsidiary of Alphabet.
