Goldman Sachs Group reaffirmed their buy rating on shares of Alphabet (NASDAQ:GOOG) in a research note published on Thursday.

Several other equities research analysts also recently commented on GOOG. Morgan Stanley reiterated a buy rating on shares of Alphabet in a report on Friday, September 29th. Vetr downgraded Alphabet from a buy rating to a hold rating and set a $988.73 price objective for the company. in a report on Monday, October 2nd. Wells Fargo & Co reiterated a buy rating on shares of Alphabet in a report on Friday, October 6th. Macquarie reiterated an outperform rating and issued a $995.00 price objective on shares of Alphabet in a report on Friday, October 6th. Finally, Pivotal Research boosted their price target on Alphabet from $940.00 to $970.00 and gave the company a hold rating in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet has an average rating of Buy and an average price target of $1,052.31.

Shares of Alphabet (GOOG) opened at $1,175.84 on Thursday. Alphabet has a twelve month low of $790.52 and a twelve month high of $1,179.86. The company has a market capitalization of $816,974.81, a PE ratio of 39.37 and a beta of 0.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data 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 return on equity of 14.26% and a net margin of 20.09%. The company had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $27.17 billion. During the same period last year, the company earned $9.06 EPS. Alphabet’s revenue for the quarter was up 23.7% on a year-over-year basis.

In related news, VP James Grier Campbell sold 183 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $1,048.34, for a total value of $191,846.22. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $1,127.17, for a total value of $4,508,680.00. Following the completion of the transaction, the chief executive officer now directly owns 656 shares in the company, valued at $739,423.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,900 shares of company stock worth $38,411,507. 13.92% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Burt Wealth Advisors raised its holdings in shares of Alphabet by 17.2% during the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after acquiring an additional 20 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in shares of Alphabet by 3.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after acquiring an additional 5 shares in the last quarter. WealthTrust Arizona LLC raised its holdings in shares of Alphabet by 134.9% during the 4th quarter. WealthTrust Arizona LLC now owns 148 shares of the information services provider’s stock worth $155,000 after acquiring an additional 85 shares in the last quarter. Almanack Investment Partners LLC. raised its holdings in shares of Alphabet by 4.5% during the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after acquiring an additional 7 shares in the last quarter. Finally, St. Johns Investment Management Company LLC raised its holdings in shares of Alphabet by 1,046.7% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after acquiring an additional 157 shares in the last quarter. 34.66% of the stock is currently owned by institutional investors.

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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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