Alphabet (NASDAQ:GOOG) had its price objective hoisted by equities researchers at Barclays from $1,600.00 to $1,800.00 in a research note issued to investors on Friday, The Fly reports. The firm presently has an “overweight” rating on the information services provider’s stock. Barclays‘s price target would indicate a potential upside of 21.38% from the company’s current price.

A number of other research firms also recently weighed in on GOOG. Susquehanna Bancshares raised their price target on shares of Alphabet from $1,550.00 to $1,800.00 in a research report on Wednesday, April 29th. Credit Suisse Group reissued a “buy” rating on shares of Alphabet in a research report on Monday, July 20th. JPMorgan Chase & Co. raised their price target on shares of Alphabet from $1,505.00 to $1,700.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, July 22nd. Finally, Oppenheimer decreased their price target on shares of Alphabet from $1,465.00 to $1,445.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $1,671.00.

Shares of GOOG traded down $48.49 during mid-day trading on Friday, reaching $1,482.96. 3,429,036 shares of the stock traded hands, compared to its average volume of 1,408,813. The firm has a market cap of $1,012.30 billion, a price-to-earnings ratio of 32.61, a P/E/G ratio of 2.27 and a beta of 1.05. The stock has a fifty day simple moving average of $1,474.19 and a 200 day simple moving average of $1,377.20. Alphabet has a 12-month low of $1,013.54 and a 12-month high of $1,586.99. The company has a quick ratio of 3.64, a current ratio of 3.66 and a debt-to-equity ratio of 0.08.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, July 30th. The information services provider reported $10.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.43 by $1.70. Alphabet had a net margin of 18.99% and a return on equity of 15.77%. The company had revenue of $31.60 billion for the quarter, compared to analyst estimates of $30.58 billion. On average, equities research analysts expect that Alphabet will post 42.07 earnings per share for the current fiscal year.

In other news, Director John L. Hennessy sold 60 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,363.61, for a total transaction of $81,816.60. Following the completion of the transaction, the director now owns 592 shares of the company’s stock, valued at $807,257.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ann Mather sold 32 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,418.39, for a total transaction of $45,388.48. Following the transaction, the director now directly owns 1,119 shares of the company’s stock, valued at approximately $1,587,178.41. The disclosure for this sale can be found here. In the last three months, insiders have sold 212 shares of company stock valued at $303,047. Corporate insiders own 12.99% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Engrave Wealth Partners LLC boosted its holdings in Alphabet by 15.9% in the second quarter. Engrave Wealth Partners LLC now owns 51 shares of the information services provider’s stock valued at $72,000 after acquiring an additional 7 shares during the last quarter. Charles Schwab Trust Co boosted its holdings in shares of Alphabet by 2.2% in the 2nd quarter. Charles Schwab Trust Co now owns 325 shares of the information services provider’s stock valued at $459,000 after buying an additional 7 shares in the last quarter. JGP Wealth Management LLC boosted its holdings in shares of Alphabet by 4.8% in the 1st quarter. JGP Wealth Management LLC now owns 173 shares of the information services provider’s stock valued at $209,000 after buying an additional 8 shares in the last quarter. Harvest Group Wealth Management LLC boosted its holdings in shares of Alphabet by 7.0% in the 1st quarter. Harvest Group Wealth Management LLC now owns 122 shares of the information services provider’s stock valued at $141,000 after buying an additional 8 shares in the last quarter. Finally, Legacy Bridge LLC boosted its holdings in shares of Alphabet by 1.1% in the 1st quarter. Legacy Bridge LLC now owns 735 shares of the information services provider’s stock valued at $855,000 after buying an additional 8 shares in the last quarter. 32.91% of the stock is owned by institutional investors.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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