Jefferies Group reaffirmed their buy rating on shares of Alphabet Inc. (NASDAQ:GOOGL) in a report issued on Thursday morning. Jefferies Group currently has a $1,000.00 target price on the stock.

A number of other brokerages have also recently weighed in on GOOGL. B. Riley restated a buy rating and set a $990.00 price objective on shares of Alphabet in a research note on Wednesday, November 2nd. Canaccord Genuity decreased their price objective on Alphabet from $950.00 to $925.00 and set a buy rating for the company in a research note on Thursday, December 1st. Aegis assumed coverage on Alphabet in a research note on Wednesday, December 21st. They set a buy rating and a $980.00 price objective for the company. Robert W. Baird restated an outperform rating on shares of Alphabet in a research note on Wednesday, December 21st. Finally, Vetr cut Alphabet from a strong-buy rating to a buy rating and set a $890.66 price objective for the company. in a research note on Monday, November 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, forty-six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $947.51.

Alphabet (NASDAQ:GOOGL) traded up 0.17% on Thursday, reaching $830.94. 1,287,771 shares of the company’s stock traded hands. Alphabet has a 12 month low of $672.66 and a 12 month high of $839.00. The firm’s 50-day moving average is $797.67 and its 200 day moving average is $786.22. The firm has a market cap of $572.72 billion, a PE ratio of 30.41 and a beta of 0.89.

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Several hedge funds have recently bought and sold shares of GOOGL. Bank of New York Mellon Corp boosted its stake in Alphabet by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 4,096,211 shares of the company’s stock worth $2,881,806,000 after buying an additional 14,001 shares during the period. CIBC World Markets Inc. boosted its stake in Alphabet by 33.9% in the third quarter. CIBC World Markets Inc. now owns 43,753 shares of the company’s stock worth $35,180,000 after buying an additional 11,065 shares during the period. Nwam LLC boosted its stake in Alphabet by 6.5% in the third quarter. Nwam LLC now owns 1,710 shares of the company’s stock worth $1,375,000 after buying an additional 104 shares during the period. Nationwide Fund Advisors boosted its stake in Alphabet by 1.4% in the third quarter. Nationwide Fund Advisors now owns 293,906 shares of the company’s stock worth $236,318,000 after buying an additional 3,966 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Alphabet by 4.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 31,552 shares of the company’s stock worth $22,198,000 after buying an additional 1,348 shares during the period. Institutional investors and hedge funds own 34.57% of the company’s stock.

About Alphabet

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

5 Day Chart for NASDAQ:GOOGL

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