Vetr upgraded shares of Alphabet Inc. (NASDAQ:GOOG) from a buy rating to a strong-buy rating in a report published on Monday morning. Vetr currently has $1,031.46 price target on the information services provider’s stock.

Other equities research analysts also recently issued research reports about the company. UBS AG reissued a buy rating and set a $1,050.00 price objective on shares of Alphabet in a report on Monday, May 15th. MKM Partners reissued a buy rating and set a $1,170.00 price objective (up previously from $1,000.00) on shares of Alphabet in a report on Monday, May 8th. Nomura reissued a buy rating and set a $985.00 price objective on shares of Alphabet in a report on Monday, May 1st. Deutsche Bank AG reissued a buy rating on shares of Alphabet in a report on Monday, May 22nd. Finally, Aegis reissued a buy rating on shares of Alphabet in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of $1,030.53.

Alphabet (NASDAQ:GOOG) opened at 929.57 on Monday. Alphabet has a 12-month low of $727.54 and a 12-month high of $988.25. The company’s 50-day moving average price is $934.52 and its 200-day moving average price is $896.81. The firm has a market capitalization of $644.08 billion, a price-to-earnings ratio of 33.69 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.43 by $0.58. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The company had revenue of $26.01 billion for the quarter, compared to the consensus estimate of $25.61 billion. During the same quarter last year, the business posted $8.42 EPS. Alphabet’s revenue for the quarter was up 21.0% on a year-over-year basis. Equities analysts expect that Alphabet will post $30.59 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Alphabet Inc. (GOOG) Lifted to Strong-Buy at Vetr Inc.” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/08/31/alphabet-inc-goog-lifted-to-strong-buy-at-vetr-inc.html.

In other Alphabet news, SVP David C. Drummond sold 2,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $948.90, for a total transaction of $1,897,800.00. Following the completion of the sale, the senior vice president now directly owns 2,800 shares in the company, valued at $2,656,920. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $903.86, for a total transaction of $3,615,440.00. Following the sale, the chief executive officer now owns 1,911 shares of the company’s stock, valued at $1,727,276.46. The disclosure for this sale can be found here. Insiders sold 46,964 shares of company stock valued at $44,007,763 over the last quarter. 13.92% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of GOOG. Cambridge Advisors Inc. raised its stake in Alphabet by 0.4% in the first quarter. Cambridge Advisors Inc. now owns 272 shares of the information services provider’s stock worth $226,000 after buying an additional 1 shares in the last quarter. Capital Investment Advisory Services LLC raised its stake in Alphabet by 0.4% in the second quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock worth $230,000 after buying an additional 1 shares in the last quarter. Capital Advantage Inc. raised its stake in Alphabet by 0.4% in the second quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock worth $248,000 after buying an additional 1 shares in the last quarter. Howland Capital Management LLC raised its stake in Alphabet by 0.3% in the first quarter. Howland Capital Management LLC now owns 637 shares of the information services provider’s stock worth $528,000 after buying an additional 2 shares in the last quarter. Finally, Foster & Motley Inc. raised its stake in Alphabet by 0.8% in the second quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock worth $241,000 after buying an additional 2 shares in the last quarter. Institutional investors own 34.54% of the company’s stock.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Alphabet (NASDAQ:GOOG)

Receive News & Stock 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 stocks with our FREE daily email newsletter.