Shares of Alphabet Inc (NASDAQ:GOOG) have received a consensus recommendation of “Buy” from the thirty-two ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and twenty-nine have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $1,356.36.

GOOG has been the subject of a number of research analyst reports. UBS Group reiterated a “buy” rating on shares of Alphabet in a report on Monday, January 14th. Deutsche Bank reiterated a “buy” rating and issued a $1,380.00 target price (up from $1,300.00) on shares of Alphabet in a report on Tuesday, February 5th. BidaskClub downgraded Alphabet from a “sell” rating to a “strong sell” rating in a report on Monday, February 25th. Barclays lowered their target price on Alphabet to $1,350.00 and set an “overweight” rating for the company in a report on Tuesday, February 5th. Finally, Credit Suisse Group reiterated a “buy” rating on shares of Alphabet in a report on Monday, January 28th.

Shares of Alphabet stock traded up $0.56 during midday trading on Wednesday, reaching $1,218.43. The company had a trading volume of 43,131 shares, compared to its average volume of 1,281,385. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.89. The firm has a market cap of $837.43 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.42 and a beta of 1.05. Alphabet has a fifty-two week low of $970.11 and a fifty-two week high of $1,273.89.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, topping the Zacks’ consensus estimate of $10.86 by $1.91. The company had revenue of $39.28 billion for the quarter, compared to analyst estimates of $38.91 billion. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm earned $9.70 earnings per share. Equities analysts anticipate that Alphabet will post 47.35 earnings per share for the current fiscal year.

In other news, Director Ann Mather sold 38 shares of the business’s stock in a transaction that occurred on Friday, January 18th. The stock was sold at an average price of $1,100.00, for a total transaction of $41,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 16th. The shares were sold at an average price of $1,086.33, for a total value of $10,863,300.00. Following the sale, the chief executive officer now owns 491 shares of the company’s stock, valued at approximately $533,388.03. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,797 shares of company stock valued at $11,795,783. Corporate insiders own 13.11% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its position in shares of Alphabet by 102,010.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock valued at $54,000 after buying an additional 56,169,241 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Alphabet by 97.8% during the third quarter. Vanguard Group Inc. now owns 43,027,936 shares of the information services provider’s stock valued at $51,643,016,000 after buying an additional 21,273,995 shares during the last quarter. Trust Asset Management LLC boosted its position in shares of Alphabet by 86,154.5% during the third quarter. Trust Asset Management LLC now owns 20,789,054 shares of the information services provider’s stock valued at $20,790,000 after buying an additional 20,764,952 shares during the last quarter. Lunia Capital LP boosted its position in shares of Alphabet by 135,522.5% during the fourth quarter. Lunia Capital LP now owns 16,870,086 shares of the information services provider’s stock valued at $16,870,000 after buying an additional 16,857,647 shares during the last quarter. Finally, Capital International Investors boosted its position in shares of Alphabet by 587.2% during the third quarter. Capital International Investors now owns 3,885,216 shares of the information services provider’s stock valued at $4,636,889,000 after buying an additional 3,319,821 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

Further Reading: Percentage Decliners

Analyst Recommendations for Alphabet (NASDAQ:GOOG)

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