Alphabet Inc. (NASDAQ:GOOG) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Monday. The brokerage presently has a $862.31 price target on the stock. Vetr‘s price objective would suggest a potential upside of 13.69% from the stock’s current price.

Several other research firms also recently commented on GOOG. Cantor Fitzgerald reiterated a “buy” rating on shares of Alphabet in a research report on Friday, July 29th. RBC Capital Markets reiterated an “outperform” rating and issued a $1,025.00 target price (up from $1,000.00) on shares of Alphabet in a research report on Friday, September 30th. Deutsche Bank AG reiterated a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a research report on Wednesday, October 12th. SunTrust Banks Inc. reiterated a “buy” rating and issued a $900.00 target price (up from $850.00) on shares of Alphabet in a research report on Sunday, July 31st. Finally, Credit Agricole SA reiterated a “buy” rating and issued a $990.00 target price (up from $970.00) on shares of Alphabet in a research report on Sunday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and forty-four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $940.42.

Analyst Recommendations for Alphabet (NASDAQ:GOOG)

Alphabet (NASDAQ:GOOG) opened at 758.49 on Monday. The company has a 50 day moving average price of $781.12 and a 200 day moving average price of $748.96. Alphabet has a 12 month low of $663.06 and a 12 month high of $816.68. The firm has a market capitalization of $522.78 billion, a price-to-earnings ratio of 27.76 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 27th. The company reported $9.06 EPS for the quarter, beating the consensus estimate of $8.62 by $0.44. The firm earned $22.45 billion during the quarter, compared to the consensus estimate of $13.17 billion. Alphabet had a return on equity of 15.08% and a net margin of 22.29%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the company earned $7.35 earnings per share. Analysts anticipate that Alphabet will post $34.42 earnings per share for the current fiscal year.

In other Alphabet news, CEO Lawrence Page sold 33,332 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $791.67, for a total transaction of $26,387,944.44. Following the completion of the transaction, the chief executive officer now owns 30,666 shares of the company’s stock, valued at approximately $24,277,352.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $782.62, for a total value of $3,130,480.00. Following the transaction, the chief executive officer now directly owns 3,378 shares of the company’s stock, valued at approximately $2,643,690.36. The disclosure for this sale can be found here. Corporate insiders own 13.92% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signature Estate & Investment Advisors LLC acquired a new position in Alphabet during the third quarter worth approximately $102,000. Mesirow Financial Investment Management Equity Management purchased a new position in shares of Alphabet during the second quarter valued at about $121,000. Quantbot Technologies LP raised its position in shares of Alphabet by 64.2% in the third quarter. Quantbot Technologies LP now owns 156 shares of the company’s stock valued at $121,000 after buying an additional 61 shares in the last quarter. Whitnell & Co. raised its position in shares of Alphabet by 20.6% in the second quarter. Whitnell & Co. now owns 187 shares of the company’s stock valued at $129,000 after buying an additional 32 shares in the last quarter. Finally, Trust Department MB Financial Bank N A raised its position in shares of Alphabet by 3.0% in the third quarter. Trust Department MB Financial Bank N A now owns 170 shares of the company’s stock valued at $132,000 after buying an additional 5 shares in the last quarter. 34.41% of the stock is owned by institutional investors and hedge funds.

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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