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

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The institutional investor owned 20,965 shares of the information services provider's stock after selling 135 shares during the period. Eastern Bank's holdings in Alphabet were worth $19,491,000 as of its most recent filing with the Securities and Exchange Commission. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives. The value of the investment in Alphabet Inc. increased from $1,139,000 to $1,145,000 increasing 0.5% quarter over quarter. Neville Rodie & Shaw Inc. raised its holdings in shares of Alphabet by 1.4% in the 3rd quarter. Curbstone Financial Management Corp now owns 790 shares of the information services provider's stock valued at $769,000 after acquiring an additional 395 shares in the last quarter. Baystate Wealth Management LLC boosted its holdings in shares of Alphabet by 0.7% in the 2nd quarter.

Arthur M. Cohen & Associates LLC purchased a new stake in shares of Alphabet Inc. Jag Capital Management Llc acquired 32,899 shares as Illumina Inc (ILMN)'s stock rose 8.35%. The value of the investment in (GOOG) went from $1,373,000 to $1,425,000 a change of 3.8% for the reporting period. Farmers National Bank now owns 161 shares of the information services provider's stock worth $134,000 after acquiring an additional 21 shares during the last quarter. Institutional shareholders now hold a 79.88% stake overall in GOOGL. First Savings Bank Of Omaha owns 1,300 shares. If you are reading this story on another domain, it was illegally stolen and republished in violation of U.S. & worldwide copyright & trademark laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2017/10/12/alphabet-inc-googl-shares-sold-by-eastern-bank.html.

Interest in Alphabet Inc. (NASDAQ:GOOG) opened at 989.25 on Thursday.

The company's P/E ratio is 35.85 and the market cap is 685.43B. GOOG has recorded a 50-day average of $938.42 and a two hundred day average of $922.72.

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The Swiss bank thinks Alphabet has upped its target from US$1,100 to US$1,350 - the highest estimate on Wall Street according to FactSet.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Monday, July 24th. In the last earnings report the EPS was $27.59 and is estimated to be $30.58 for the current year with 692,879,000 shares now outstanding. The company had revenue of $20.92 billion during the quarter, compared to analysts' expectations of $20.83 billion. Return on assets is 11.40% and Return on equity (ROE) is 13.70% while it's Return on Investment (ROI) of 13.30%. During the same period previous year, the firm earned $8.42 EPS. On average, equities analysts predict that Alphabet will post $30.59 EPS for the current fiscal year.

In a report issued 10/12/2017 Pivotal Research bumped up the target of Google Inc. UBS AG reiterated a "buy" rating and set a $1,080.00 price target on shares of Alphabet in a research note on Tuesday, July 25th. They noted that the move was a valuation call. 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. Jefferies Group LLC reiterated a "buy" rating and set a $1,200.00 price target on shares of Alphabet in a research note on Tuesday, July 4th.

In a research note sent to clients and investors on 11 October, The Outperform rating of Alphabet (NASDAQ:GOOGL) shares was reiterated at Credit Suisse, who now has a $1350 target price per share on the stock. As per Thursday, September 21, the company rating was maintained by SunTrust. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the stock. 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.

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