Canaccord Genuity reaffirmed their hold rating on shares of Alphabet Inc. (NASDAQ:GOOG) in a report released on Thursday. The firm currently has a $1,000.00 target price on the information services provider’s stock.

Other equities research analysts have also recently issued research reports about the company. UBS AG restated a buy rating and issued a $1,050.00 target price (up previously from $980.00) on shares of Alphabet in a research note on Friday, April 28th. Morgan Stanley restated a buy rating on shares of Alphabet in a research note on Monday, May 29th. J P Morgan Chase & Co restated a buy rating on shares of Alphabet in a research note on Tuesday, July 25th. Vetr upgraded Alphabet from a sell rating to a hold rating and set a $907.74 target price on the stock in a research note on Wednesday, May 17th. Finally, Aegis restated a buy rating on shares of Alphabet in a research note on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $1,017.39.

Alphabet (NASDAQ:GOOG) traded down 1.31% during trading on Thursday, reaching $929.21. The company had a trading volume of 1,684,025 shares. The company has a market capitalization of $643.83 billion, a PE ratio of 33.68 and a beta of 0.95. The company has a 50 day moving average price of $944.07 and a 200 day moving average price of $881.26. Alphabet has a 52-week low of $727.54 and a 52-week high of $988.25.

Alphabet (NASDAQ:GOOG) last released its earnings results 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. The firm had revenue of $26.01 billion for the quarter, compared to analysts’ expectations of $25.61 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.42 EPS. On average, equities analysts forecast that Alphabet will post $30.74 EPS for the current fiscal year.

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In other Alphabet news, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $968.95, for a total value of $177,317.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Shirley M. Tilghman sold 250 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $931.88, for a total value of $232,970.00. Following the completion of the transaction, the director now directly owns 5,579 shares of the company’s stock, valued at approximately $5,198,958.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,542 shares of company stock valued at $41,955,126. 13.92% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of GOOG. Chicago Partners Investment Group LLC boosted its stake in shares of Alphabet by 298.2% in the second quarter. Chicago Partners Investment Group LLC now owns 450 shares of the information services provider’s stock valued at $398,000 after buying an additional 337 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Alphabet by 1.1% in the second quarter. Retirement Systems of Alabama now owns 174,677 shares of the information services provider’s stock valued at $158,734,000 after buying an additional 1,837 shares during the last quarter. Callahan Advisors LLC boosted its stake in shares of Alphabet by 3.0% in the second quarter. Callahan Advisors LLC now owns 13,719 shares of the information services provider’s stock valued at $12,467,000 after buying an additional 398 shares during the last quarter. Lucas Capital Management boosted its stake in shares of Alphabet by 5.7% in the second quarter. Lucas Capital Management now owns 313 shares of the information services provider’s stock valued at $284,000 after buying an additional 17 shares during the last quarter. Finally, Capital Investment Advisory Services LLC boosted its stake in shares of Alphabet by 0.4% in the second quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock valued at $230,000 after buying an additional 1 shares during the last quarter. 34.60% of the stock is owned by institutional investors.

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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