Alphabet Inc (NASDAQ:GOOG) has received a consensus rating of “Buy” from the forty-seven brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-nine have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $1,040.18.

Several equities analysts have recently commented on the company. UBS AG restated a “buy” rating and issued a $1,080.00 price objective on shares of Alphabet in a research report on Tuesday, July 25th. Barclays PLC restated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 25th. J P Morgan Chase & Co restated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 25th. Finally, Robert W. Baird restated an “outperform” rating and issued a $1,100.00 price objective on shares of Alphabet in a research report on Tuesday, July 25th.

In other news, Director Ann Mather sold 37 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $940.67, for a total transaction of $34,804.79. Following the completion of the sale, the director now owns 1,789 shares in the company, valued at approximately $1,682,858.63. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP David C. Drummond sold 2,000 shares of the stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $949.77, for a total value of $1,899,540.00. Following the sale, the senior vice president now owns 1,800 shares of the company’s stock, valued at approximately $1,709,586. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,694 shares of company stock valued at $39,941,804. Company insiders own 13.92% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Doyle Wealth Management increased its position in shares of Alphabet by 6.7% in the 2nd quarter. Doyle Wealth Management now owns 3,182 shares of the information services provider’s stock valued at $2,891,000 after acquiring an additional 200 shares during the period. Carret Asset Management LLC increased its position in shares of Alphabet by 1.5% in the 1st quarter. Carret Asset Management LLC now owns 9,982 shares of the information services provider’s stock valued at $8,281,000 after acquiring an additional 145 shares during the period. Adviser Investments LLC acquired a new position in shares of Alphabet in the 1st quarter valued at $1,276,000. Rothschild Investment Corp IL increased its position in shares of Alphabet by 1.7% in the 2nd quarter. Rothschild Investment Corp IL now owns 10,809 shares of the information services provider’s stock valued at $9,823,000 after acquiring an additional 184 shares during the period. Finally, Hartford Investment Management Co. increased its position in shares of Alphabet by 6.1% in the 1st quarter. Hartford Investment Management Co. now owns 79,529 shares of the information services provider’s stock valued at $65,974,000 after acquiring an additional 4,602 shares during the period. 34.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alphabet (GOOG) traded up 0.92% during trading on Friday, hitting $978.89. The stock had a trading volume of 1,173,882 shares. The company has a market cap of $678.25 billion, a PE ratio of 35.48 and a beta of 0.94. The stock has a 50 day moving average of $932.79 and a 200 day moving average of $918.65. Alphabet has a 12 month low of $727.54 and a 12 month high of $988.25.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.43 by $0.58. Alphabet had a return on equity of 9.64% and a net margin of 13.55%. The business had revenue of $26.01 billion for the quarter, compared to the consensus estimate of $25.61 billion. During the same period in the previous year, the business earned $8.42 earnings per share. The business’s revenue was up 21.0% on a year-over-year basis. Equities analysts forecast that Alphabet will post $30.59 EPS for the current fiscal year.

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About Alphabet

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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