Shares of Alphabet Inc. (NASDAQ:GOOG) have been assigned an average recommendation of “Buy” from the forty-eight research firms that are currently covering the firm. One analyst has rated the stock with a sell rating, three have given a hold rating and forty-four have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $938.64.

Several brokerages have recently commented on GOOG. Vetr downgraded Alphabet from a “strong-buy” rating to a “buy” rating and set a $862.31 price objective on the stock. in a research report on Monday. Robert W. Baird restated an “outperform” rating and issued a $930.00 price objective on shares of Alphabet in a research report on Monday. RBC Capital Markets restated an “outperform” rating and issued a $1,025.00 price objective on shares of Alphabet in a research report on Thursday, November 3rd. Raymond James Financial Inc. restated an “outperform” rating and issued a $920.00 price objective (up from $900.00) on shares of Alphabet in a research report on Sunday, October 30th. Finally, Monness Crespi & Hardt restated a “buy” rating and issued a $900.00 price objective on shares of Alphabet in a research report on Saturday, October 29th.

Alphabet (NASDAQ:GOOG) opened at 762.56 on Tuesday. The company has a market capitalization of $525.59 billion, a price-to-earnings ratio of 27.91 and a beta of 1.01. The company’s 50-day moving average price is $783.89 and its 200 day moving average price is $747.36. Alphabet has a 52-week low of $663.06 and a 52-week high of $816.68.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, October 27th. The company reported $9.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.62 by $0.44. Alphabet had a return on equity of 15.08% and a net margin of 22.29%. The business had revenue of $22.45 billion for the quarter, compared to the consensus estimate of $13.17 billion. During the same period in the previous year, the business earned $7.35 earnings per share. The business’s revenue was up 20.2% on a year-over-year basis. On average, equities analysts expect that Alphabet will post $34.40 EPS for the current fiscal year.

In other news, insider Sergey Brin sold 33,332 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $773.24, for a total transaction of $25,773,635.68. Following the sale, the insider now directly owns 16,666 shares in the company, valued at approximately $12,886,817.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James Grier Campbell sold 194 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $778.20, for a total transaction of $150,970.80. The disclosure for this sale can be found here. Insiders own 13.92% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Alphabet by 1.2% in the second quarter. Vanguard Group Inc. now owns 18,237,076 shares of the company’s stock worth $12,621,879,000 after buying an additional 221,141 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Alphabet by 1.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 7,897,508 shares of the company’s stock worth $6,138,654,000 after buying an additional 138,807 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Alphabet by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 4,058,328 shares of the company’s stock worth $3,154,497,000 after buying an additional 27,472 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Alphabet by 3.1% in the third quarter. BlackRock Fund Advisors now owns 3,883,226 shares of the company’s stock worth $3,018,393,000 after buying an additional 117,242 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Alphabet by 0.3% in the third quarter. Northern Trust Corp now owns 3,783,135 shares of the company’s stock worth $2,940,593,000 after buying an additional 12,591 shares in the last quarter. 34.53% of the stock is currently owned by hedge funds and other institutional investors.

About Alphabet

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

5 Day Chart for NASDAQ:GOOG

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