Barclays PLC reiterated their buy rating on shares of Alphabet Inc. (NASDAQ:GOOG) in a report released on Tuesday.

Several other equities research analysts have also issued reports on GOOG. Pacific Crest reissued an overweight rating and issued a $1,040.00 target price on shares of Alphabet in a report on Monday, March 27th. BMO Capital Markets reissued an outperform rating and issued a $1,005.00 target price on shares of Alphabet in a report on Monday, March 27th. Pivotal Research reissued a hold rating and issued a $950.00 target price on shares of Alphabet in a report on Monday, March 27th. UBS AG reissued a buy rating and issued a $980.00 target price on shares of Alphabet in a report on Monday, March 27th. Finally, Instinet reduced their target price on shares of Alphabet from $950.00 to $925.00 and set a buy rating for the company in a report on Tuesday, March 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-one have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $1,012.23.

Shares of Alphabet (NASDAQ GOOG) traded up 0.80% during trading on Tuesday, reaching $941.53. 1,846,351 shares of the company traded hands. The company has a market capitalization of $652.37 billion, a P/E ratio of 34.12 and a beta of 0.94. Alphabet has a 52 week low of $727.54 and a 52 week high of $988.25. The company’s 50-day moving average price is $944.07 and its 200-day moving average price is $881.26.

Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.43 by $0.58. The company had revenue of $26.01 billion during 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%. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.42 EPS. Equities research analysts forecast that Alphabet will post $30.74 EPS for the current fiscal year.

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In related news, insider Diane B. Greene sold 1,863 shares of the stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $902.72, for a total transaction of $1,681,767.36. Following the transaction, the insider now owns 85,916 shares of the company’s stock, valued at approximately $77,558,091.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP James Grier Campbell sold 366 shares of the stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $902.72, for a total value of $330,395.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,793 shares of company stock worth $43,987,234. Corporate insiders own 13.92% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. raised its stake in Alphabet by 39.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock worth $128,000 after buying an additional 40 shares in the last quarter. Farmers National Bank raised its stake in Alphabet by 15.0% in the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock worth $134,000 after buying an additional 21 shares in the last quarter. Pacific Center for Financial Services bought a new stake in Alphabet during the fourth quarter worth about $142,000. St. Johns Investment Management Company LLC raised its stake in Alphabet by 1,046.7% in the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after buying an additional 157 shares in the last quarter. Finally, Israel Discount Bank of New York GFN bought a new stake in Alphabet during the fourth quarter worth about $166,000. 34.60% of the stock is currently owned by hedge funds and other institutional investors.

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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