Alphabet (NASDAQ: GOOG) has recently received a number of price target changes and ratings updates:

  • 5/1/2019 – Alphabet was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Alphabet Inc. is engaged in technology business. The Company provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products through its subsidiaries. Alphabet Inc., formerly known as Google Inc., is headquartered in Mountain View, California. “
  • 4/30/2019 – Alphabet had its price target lowered by analysts at Oppenheimer Holdings Inc. from $1,342.00 to $1,435.00. They now have an “outperform” rating on the stock.
  • 4/30/2019 – Alphabet was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $1,287.00 price target on the stock.
  • 4/30/2019 – Alphabet had its “buy” rating reaffirmed by analysts at UBS Group AG.
  • 4/30/2019 – Alphabet had its “buy” rating reaffirmed by analysts at Barclays PLC.
  • 4/30/2019 – Alphabet had its “buy” rating reaffirmed by analysts at Royal Bank of Canada.
  • 4/30/2019 – Alphabet had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co..
  • 4/30/2019 – Alphabet had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG.
  • 4/30/2019 – Alphabet had its price target lowered by analysts at Deutsche Bank AG from $1,385.00 to $1,300.00. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 4/29/2019 – Alphabet had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc.
  • 4/25/2019 – Alphabet had its “outperform” rating reaffirmed by analysts at Wedbush.
  • 4/24/2019 – Alphabet was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $1,399.00 price target on the stock. According to Zacks, “Alphabet Inc. is engaged in technology business. The Company provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products through its subsidiaries. Alphabet Inc., formerly known as Google Inc., is headquartered in Mountain View, California. “
  • 4/23/2019 – Alphabet had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc.
  • 4/16/2019 – Alphabet was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 4/11/2019 – Alphabet had its “outperform” rating reaffirmed by analysts at Cowen Inc. They now have a $1,420.00 price target on the stock, up previously from $1,390.00.
  • 3/30/2019 – Alphabet was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 3/13/2019 – Alphabet was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of GOOG stock traded up $1.89 during midday trading on Friday, reaching $1,164.27. 1,314,458 shares of the company traded hands, compared to its average volume of 1,473,981. Alphabet Inc has a 1-year low of $970.11 and a 1-year high of $1,289.27. The company has a current ratio of 3.96, a quick ratio of 3.93 and a debt-to-equity ratio of 0.02. The company has a market cap of $810.32 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 1.39 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Monday, April 29th. The information services provider reported $11.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $10.51 by $1.39. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. The company had revenue of $36.34 billion during the quarter, compared to the consensus estimate of $37.36 billion. During the same period last year, the firm earned $9.93 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. Sell-side analysts forecast that Alphabet Inc will post 48.57 earnings per share for the current fiscal year.

In other news, Director John L. Hennessy sold 75 shares of Alphabet stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $1,280.51, for a total transaction of $96,038.25. Following the completion of the sale, the director now directly owns 159 shares in the company, valued at approximately $203,601.09. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 375 shares of Alphabet stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $1,200.00, for a total transaction of $450,000.00. Following the sale, the director now owns 80 shares of the company’s stock, valued at $96,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 817 shares of company stock valued at $974,730. Insiders own 13.11% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of GOOG. Oregon Public Employees Retirement Fund increased its stake in shares of Alphabet by 102,010.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock worth $54,000 after purchasing an additional 56,169,241 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Alphabet by 97.8% during the 3rd quarter. Vanguard Group Inc. now owns 43,027,936 shares of the information services provider’s stock worth $51,643,016,000 after purchasing an additional 21,273,995 shares in the last quarter. Trust Asset Management LLC increased its stake in shares of Alphabet by 86,154.5% during the 3rd quarter. Trust Asset Management LLC now owns 20,789,054 shares of the information services provider’s stock worth $20,790,000 after purchasing an additional 20,764,952 shares in the last quarter. Lunia Capital LP increased its stake in shares of Alphabet by 135,522.5% during the 4th quarter. Lunia Capital LP now owns 16,870,086 shares of the information services provider’s stock worth $16,870,000 after purchasing an additional 16,857,647 shares in the last quarter. Finally, Capital International Investors increased its stake in shares of Alphabet by 587.2% during the 3rd quarter. Capital International Investors now owns 3,885,216 shares of the information services provider’s stock worth $4,636,889,000 after purchasing an additional 3,319,821 shares in the last quarter. 34.36% of the stock is owned by institutional investors and hedge funds.

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.

Featured Story: What is the strike price in options trading?

Receive News & Ratings for Alphabet Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc and related companies with MarketBeat.com's FREE daily email newsletter.