Alphabet Inc. (NASDAQ:GOOGL) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Thursday. The brokerage presently has a $880.83 price objective on the stock. Vetr‘s target price points to a potential upside of 13.07% from the company’s current price.

A number of other analysts also recently issued reports on GOOGL. Cantor Fitzgerald restated a “buy” rating and set a $940.00 price target on shares of Alphabet in a report on Wednesday, July 27th. Bank of America Corp. reiterated a “buy” rating and issued a $925.00 target price on shares of Alphabet in a report on Wednesday, July 27th. Zacks Investment Research upgraded shares of Alphabet from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. RBC Capital Markets reiterated an “outperform” rating and issued a $1,000.00 target price on shares of Alphabet in a report on Thursday, July 28th. Finally, B. Riley reiterated a “buy” rating and issued a $950.00 target price on shares of Alphabet in a report on Friday, July 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, forty-five have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $940.44.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

Shares of Alphabet (NASDAQ:GOOGL) remained flat at $779.00 during trading on Thursday. The company’s stock had a trading volume of 1,312,981 shares. Alphabet has a 12-month low of $672.66 and a 12-month high of $839.00. The company has a 50 day moving average price of $800.87 and a 200 day moving average price of $771.49. The company has a market cap of $536.92 billion, a PE ratio of 28.51 and a beta of 0.92.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cedar Wealth Management LLC increased its position in Alphabet by 5.8% in the third quarter. Cedar Wealth Management LLC now owns 128 shares of the company’s stock worth $103,000 after buying an additional 7 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in Alphabet by 97.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 146 shares of the company’s stock worth $102,000 after buying an additional 72 shares during the last quarter. Archford Capital Strategies LLC increased its position in Alphabet by 29.8% in the second quarter. Archford Capital Strategies LLC now owns 148 shares of the company’s stock worth $104,000 after buying an additional 34 shares during the last quarter. Roble Belko & Company Inc increased its position in Alphabet by 294.9% in the second quarter. Roble Belko & Company Inc now owns 154 shares of the company’s stock worth $108,000 after buying an additional 115 shares during the last quarter. Finally, MCF Advisors LLC increased its position in Alphabet by 1.9% in the second quarter. MCF Advisors LLC now owns 159 shares of the company’s stock worth $112,000 after buying an additional 3 shares during the last quarter. Institutional investors and hedge funds own 34.14% of the company’s stock.

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Alphabet Company Profile

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:GOOGL

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