Alphabet (NASDAQ:GOOG)‘s stock had its “neutral” rating restated by equities research analysts at Morningstar in a research report issued to clients and investors on Friday.

Several other analysts have also recently weighed in on the stock. SunTrust Banks lifted their price objective on shares of Alphabet to $1,250.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a research note on Friday, January 12th. Piper Jaffray Companies lifted their price objective on shares of Alphabet from $1,150.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Thursday, January 11th. UBS Group reiterated a “buy” rating on shares of Alphabet in a research note on Thursday, January 11th. Finally, BidaskClub upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $1,052.31.

Shares of Alphabet (NASDAQ GOOG) traded up $3.51 during mid-day trading on Friday, hitting $1,133.30. 367,002 shares of the company traded hands, compared to its average volume of 1,218,117. The company has a market cap of $790,740.00, a P/E ratio of 37.75 and a beta of 0.94. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. Alphabet has a 1-year low of $790.52 and a 1-year high of $1,139.91.

Alphabet (NASDAQ:GOOG) last announced its 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. The business had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $27.17 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. Alphabet’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $9.06 EPS.

In related news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $1,127.17, for a total transaction of $4,508,680.00. Following the transaction, the chief executive officer now owns 656 shares in the company, valued at approximately $739,423.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director L John Doerr sold 12,236 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total transaction of $12,499,930.52. Following the transaction, the director now owns 3,485 shares in the company, valued at approximately $3,560,171.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,900 shares of company stock worth $38,411,507. Insiders own 13.92% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in GOOG. Burt Wealth Advisors raised its holdings in Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after buying an additional 20 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in Alphabet by 3.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after buying an additional 5 shares during the last quarter. WealthTrust Arizona LLC raised its holdings in Alphabet by 134.9% during the fourth quarter. WealthTrust Arizona LLC now owns 148 shares of the information services provider’s stock worth $155,000 after buying an additional 85 shares during the last quarter. Almanack Investment Partners LLC. raised its holdings in Alphabet by 4.5% during the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after buying an additional 7 shares during the last quarter. Finally, St. Johns Investment Management Company LLC raised its holdings in Alphabet by 1,046.7% during the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after buying an additional 157 shares during the last quarter. Institutional investors own 34.65% of the company’s stock.

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Alphabet Company Profile

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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