Alphabet Inc. (NASDAQ:GOOG)‘s stock had its “outperform” rating restated by Macquarie in a research note issued on Friday. They presently have a $995.00 price objective on the information services provider’s stock. Macquarie’s price target would suggest a potential upside of 1.70% from the stock’s current price.

A number of other brokerages have also weighed in on GOOG. UBS AG reaffirmed a “buy” rating and issued a $1,080.00 price target on shares of Alphabet in a research note on Tuesday, July 25th. Barclays PLC reissued a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. J P Morgan Chase & Co reissued a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-nine have assigned a buy rating to the company. Alphabet has a consensus rating of “Buy” and an average target price of $1,034.31.

Shares of Alphabet (NASDAQ GOOG) opened at 978.89 on Friday. The company has a 50 day moving average price of $932.79 and a 200-day moving average price of $918.65. The stock has a market capitalization of $678.25 billion, a P/E ratio of 35.48 and a beta of 0.94. Alphabet has a 52-week low of $727.54 and a 52-week high of $988.25.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.43 by $0.58. The firm had revenue of $26.01 billion for the quarter, compared to analyst estimates of $25.61 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. Alphabet’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period last year, the company posted $8.42 EPS. On average, analysts predict that Alphabet will post $30.59 earnings per share for the current fiscal year.

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In related news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $958.40, for a total transaction of $3,833,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director L John Doerr sold 13,556 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $922.15, for a total transaction of $12,500,665.40. Following the transaction, the director now owns 3,485 shares of the company’s stock, valued at approximately $3,213,692.75. 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. Insiders own 13.92% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Private Asset Management Inc. grew its stake in shares of Alphabet by 0.9% during the third quarter. Private Asset Management Inc. now owns 8,671 shares of the information services provider’s stock worth $8,671,000 after purchasing an additional 78 shares in the last quarter. Curbstone Financial Management Corp grew its stake in shares of Alphabet by 100.6% during the third quarter. Curbstone Financial Management Corp now owns 3,184 shares of the information services provider’s stock worth $3,054,000 after purchasing an additional 1,597 shares in the last quarter. Bridges Investment Management Inc. grew its stake in shares of Alphabet by 1.7% during the third quarter. Bridges Investment Management Inc. now owns 10,185 shares of the information services provider’s stock worth $9,769,000 after purchasing an additional 172 shares in the last quarter. Perpetual Ltd grew its stake in shares of Alphabet by 186.1% during the second quarter. Perpetual Ltd now owns 68,392 shares of the information services provider’s stock worth $63,068,000 after purchasing an additional 44,488 shares in the last quarter. Finally, MPS Loria Financial Planners LLC acquired a new position in shares of Alphabet during the second quarter worth $478,000. Hedge funds and other institutional investors own 34.53% of the company’s stock.

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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