Morningstar reiterated their neutral rating on shares of Alphabet Inc Class C (NASDAQ:GOOG) in a report released on Friday.

GOOG has been the subject of a number of other research reports. Oppenheimer reissued a buy rating on shares of Alphabet Inc Class C in a report on Wednesday, July 25th. BidaskClub lowered Alphabet Inc Class C from a buy rating to a hold rating in a report on Friday, April 27th. Cowen lifted their target price on Alphabet Inc Class C from $1,245.00 to $1,350.00 and gave the stock an outperform rating in a report on Friday, July 13th. Morgan Stanley reissued a buy rating on shares of Alphabet Inc Class C in a report on Tuesday, July 24th. Finally, UBS Group reissued a buy rating on shares of Alphabet Inc Class C in a report on Tuesday, July 24th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $1,245.96.

Shares of NASDAQ:GOOG opened at $1,200.96 on Friday. The firm has a market cap of $861.31 billion, a price-to-earnings ratio of 37.47 and a beta of 1.13. Alphabet Inc Class C has a 12-month low of $903.40 and a 12-month high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.15 and a quick ratio of 4.13.

Alphabet Inc Class C (NASDAQ:GOOG) last posted its earnings results on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, topping the Zacks’ consensus estimate of $9.66 by $2.09. The business had revenue of $32.66 billion during the quarter, compared to analyst estimates of $32.13 billion. Alphabet Inc Class C had a return on equity of 18.24% and a net margin of 13.16%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the company earned $5.01 EPS.

In related news, Director Ann Mather sold 24 shares of Alphabet Inc Class C stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $1,100.00, for a total value of $26,400.00. Following the completion of the sale, the director now owns 1,870 shares of the company’s stock, valued at $2,057,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Amie Thuener O’toole sold 72 shares of Alphabet Inc Class C stock in a transaction on Monday, June 4th. The stock was sold at an average price of $1,122.33, for a total value of $80,807.76. Following the completion of the sale, the vice president now directly owns 388 shares of the company’s stock, valued at approximately $435,464.04. The disclosure for this sale can be found here. Insiders sold 88,369 shares of company stock valued at $104,846,172 in the last ninety days. 13.11% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Smart Portfolios LLC purchased a new position in Alphabet Inc Class C during the first quarter valued at $103,000. Braun Bostich & Associates Inc. purchased a new position in Alphabet Inc Class C during the first quarter valued at $107,000. Litman Gregory Asset Management LLC purchased a new position in Alphabet Inc Class C during the first quarter valued at $113,000. JJJ Advisors Inc. purchased a new position in Alphabet Inc Class C during the second quarter valued at $134,000. Finally, WealthShield LLC purchased a new position in Alphabet Inc Class C during the fourth quarter valued at $144,000. Institutional investors own 34.27% of the company’s stock.

About Alphabet Inc Class C

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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Analyst Recommendations for Alphabet Inc Class C (NASDAQ:GOOG)

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