Shares of Alphabet Inc (NASDAQ:GOOG) have received an average rating of “Buy” from the forty-six analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and thirty-eight have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $1,036.82.

A number of brokerages have recently weighed in on GOOG. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating on shares of Alphabet in a research report on Friday, October 27th. UBS Group AG (USA) reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Macquarie reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th.

In related news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $926.79, for a total transaction of $3,707,160.00. Following the transaction, the chief executive officer now directly owns 1,389 shares of the company’s stock, valued at approximately $1,287,311.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ann Mather sold 37 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $940.67, for a total value of $34,804.79. Following the transaction, the director now directly owns 1,789 shares in the company, valued at $1,682,858.63. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,714 shares of company stock valued at $35,728,265. Corporate insiders own 13.92% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Burt Wealth Advisors increased its stake in Alphabet by 17.2% in the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after purchasing an additional 20 shares during the period. Signature Estate & Investment Advisors LLC increased its stake in Alphabet by 3.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after purchasing an additional 5 shares during the period. Riggs Asset Managment Co. Inc. increased its stake in Alphabet by 39.6% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock worth $128,000 after purchasing an additional 40 shares during the period. Farmers National Bank increased its stake in Alphabet by 15.0% in the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock worth $134,000 after purchasing an additional 21 shares during the period. Finally, Archford Capital Strategies LLC increased its stake in Alphabet by 400.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after purchasing an additional 832 shares during the period. 34.50% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Alphabet (NASDAQ:GOOG) traded up $6.98 during trading hours on Wednesday, hitting $1,032.48. The stock had a trading volume of 1,058,037 shares, compared to its average volume of 1,450,000. Alphabet has a one year low of $727.54 and a one year high of $1,048.39. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The firm has a market capitalization of $723.42 billion, a price-to-earnings ratio of 34.33 and a beta of 0.96.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping analysts’ consensus estimates of $8.31 by $1.26. Alphabet had a return on equity of 17.68% and a net margin of 24.24%. The company had revenue of $27.77 billion for the quarter, compared to analyst estimates of $27.17 billion. During the same period in the prior year, the firm earned $9.06 earnings per share. Alphabet’s revenue for the quarter was up 23.7% on a year-over-year basis.

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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