BidaskClub upgraded shares of Alphabet (NASDAQ:GOOG) from a strong sell rating to a sell rating in a report released on Thursday morning.

GOOG has been the subject of a number of other research reports. Barclays restated a buy rating on shares of Alphabet in a research note on Friday, October 26th. Wedbush assumed coverage on Alphabet in a research note on Wednesday, October 17th. They issued an outperform rating for the company. Canaccord Genuity lowered their target price on Alphabet from $1,170.00 to $1,140.00 and set a hold rating for the company in a research note on Friday, October 26th. Jefferies Financial Group restated a buy rating on shares of Alphabet in a research note on Monday, September 24th. Finally, Piper Jaffray Companies lowered their target price on Alphabet to $1,250.00 and set an overweight rating for the company in a research note on Friday, October 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $1,301.81.

Shares of GOOG stock opened at $1,042.10 on Thursday. The company has a market capitalization of $725.17 billion, a PE ratio of 23.45 and a beta of 1.15. Alphabet has a fifty-two week low of $980.64 and a fifty-two week high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, beating the Zacks’ consensus estimate of $10.41 by $2.65. The company had revenue of $27.16 billion during the quarter. Alphabet had a return on equity of 19.40% and a net margin of 14.45%.

In other Alphabet news, SVP David C. Drummond sold 5,688 shares of Alphabet stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $1,070.81, for a total transaction of $6,090,767.28. Following the completion of the transaction, the senior vice president now owns 42,557 shares in the company, valued at $45,570,461.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 10,000 shares of Alphabet stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $1,160.42, for a total value of $11,604,200.00. Following the transaction, the chief executive officer now owns 546 shares of the company’s stock, valued at approximately $633,589.32. The disclosure for this sale can be found here. Insiders have sold 89,435 shares of company stock valued at $97,794,636 in the last quarter. 13.11% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in GOOG. Principal Financial Group Inc. raised its stake in shares of Alphabet by 2.0% in the first quarter. Principal Financial Group Inc. now owns 694,264 shares of the information services provider’s stock worth $716,346,000 after purchasing an additional 13,346 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of Alphabet by 3.9% in the first quarter. Allianz Asset Management GmbH now owns 371,157 shares of the information services provider’s stock worth $382,956,000 after purchasing an additional 13,865 shares during the last quarter. Private Capital Group LLC raised its stake in shares of Alphabet by 39.6% in the first quarter. Private Capital Group LLC now owns 1,138 shares of the information services provider’s stock worth $1,174,000 after purchasing an additional 323 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in shares of Alphabet by 7.4% in the first quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 52,400 shares of the information services provider’s stock worth $54,066,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Israel Discount Bank of New York raised its stake in shares of Alphabet by 7.4% in the first quarter. Israel Discount Bank of New York now owns 802 shares of the information services provider’s stock worth $827,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 40.45% of the company’s stock.

About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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