Vetr downgraded shares of Alphabet (NASDAQ:GOOG) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning. The brokerage currently has $1,019.04 target price on the information services provider’s stock.

Several other analysts also recently commented on the stock. BidaskClub raised shares of Alphabet from a hold rating to a buy rating in a research report on Friday, August 25th. Royal Bank of Canada reissued a buy rating on shares of Alphabet in a research report on Friday, October 27th. Cantor Fitzgerald reissued a buy rating on shares of Alphabet in a research report on Friday, October 27th. Robert W. Baird reissued an outperform rating and set a $1,100.00 price objective on shares of Alphabet in a research report on Saturday, September 23rd. Finally, Morgan Stanley reissued a buy rating on shares of Alphabet in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirty-eight have given a buy rating to the company. Alphabet presently has an average rating of Buy and a consensus price target of $1,046.24.

Alphabet (NASDAQ:GOOG) traded down $5.73 during trading hours on Wednesday, hitting $1,064.95. 1,268,500 shares of the stock were exchanged, compared to its average volume of 1,490,873. The stock has a market cap of $743,909.63, a P/E ratio of 35.85 and a beta of 0.93. 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 12-month low of $770.41 and a 12-month high of $1,078.49.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $8.31 by $1.26. The firm had revenue of $27.77 billion for 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%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.06 EPS.

In other news, Director L John Doerr sold 12,236 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James Grier Campbell sold 183 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $959.26, for a total transaction of $175,544.58. The disclosure for this sale can be found here. Insiders have sold a total of 32,900 shares of company stock worth $33,139,660 in the last 90 days. Company insiders own 13.92% of the company’s stock.

Large investors have recently modified their holdings of the company. Blue Fin Capital Inc. raised its stake in Alphabet by 0.3% during the 1st quarter. Blue Fin Capital Inc. now owns 1,561 shares of the information services provider’s stock worth $1,295,000 after acquiring an additional 5 shares during the period. Winch Advisory Services LLC raised its stake in Alphabet by 7.6% during the 1st quarter. Winch Advisory Services LLC now owns 4,091 shares of the information services provider’s stock worth $3,394,000 after acquiring an additional 289 shares during the period. OLD National Bancorp IN raised its stake in Alphabet by 0.5% during the 1st quarter. OLD National Bancorp IN now owns 4,669 shares of the information services provider’s stock worth $3,873,000 after acquiring an additional 21 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in Alphabet by 4.1% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 93,288 shares of the information services provider’s stock worth $77,388,000 after acquiring an additional 3,691 shares during the period. Finally, C WorldWide Group Holding A S raised its stake in Alphabet by 11.4% during the 1st quarter. C WorldWide Group Holding A S now owns 491,269 shares of the information services provider’s stock worth $407,537,000 after acquiring an additional 50,375 shares during the period. Hedge funds and other institutional investors own 34.64% 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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