Barclays PLC reiterated their buy rating on shares of Alphabet Inc. (NASDAQ:GOOG) in a research note published on Friday.

GOOG has been the topic of several other reports. Pivotal Research reiterated a hold rating and issued a $980.00 price target (down from $990.00) on shares of Alphabet in a research report on Monday, July 17th. BidaskClub upgraded shares of Alphabet from a hold rating to a buy rating in a research report on Friday, August 25th. Goldman Sachs Group, Inc. (The) reiterated a buy rating on shares of Alphabet in a research report on Tuesday, July 25th. Canaccord Genuity reiterated a hold rating and issued a $1,000.00 price target on shares of Alphabet in a research report on Thursday, July 27th. Finally, B. Riley reiterated a buy rating and issued a $1,050.00 price target (up from $1,032.00) on shares of Alphabet in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $1,045.44.

Shares of Alphabet (GOOG) opened at 1017.11 on Friday. The firm has a market capitalization of $704.73 billion, a PE ratio of 36.86 and a beta of 0.94. The company has a 50-day moving average of $960.24 and a 200-day moving average of $938.55. Alphabet has a 52 week low of $727.54 and a 52 week high of $1,048.39.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the consensus estimate of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The firm had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $27.17 billion. During the same period in the previous year, the business earned $9.06 earnings per share. Alphabet’s revenue for the quarter was up 23.7% compared to the same quarter last year. On average, equities analysts forecast that Alphabet will post $31.85 earnings per share for the current fiscal year.

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In other news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $930.46, for a total transaction of $3,721,840.00. Following the sale, the chief executive officer now directly owns 1,764 shares in the company, valued at $1,641,331.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director L John Doerr sold 13,556 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $922.15, for a total value of $12,500,665.40. Following the sale, the director now owns 3,485 shares in the company, valued at $3,213,692.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,493 shares of company stock worth $35,149,421. 13.92% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Burt Wealth Advisors grew its position in Alphabet by 17.2% in the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after acquiring an additional 20 shares during the period. Signature Estate & Investment Advisors LLC grew its position in Alphabet by 3.8% in the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 5 shares during the period. Riggs Asset Managment Co. Inc. grew its position in Alphabet by 39.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after acquiring an additional 40 shares during the period. Farmers National Bank grew its position in Alphabet by 15.0% in the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after acquiring an additional 21 shares during the period. Finally, Almanack Investment Partners LLC. grew its position in Alphabet by 4.5% in the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after acquiring an additional 7 shares during the period. Hedge funds and other institutional investors own 34.50% of the company’s stock.

About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (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. 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.

Analyst Recommendations for Alphabet (NASDAQ:GOOG)

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