Alphabet Inc. (NASDAQ:GOOG)‘s stock had its “buy” rating reaffirmed by equities research analysts at Morgan Stanley in a note issued to investors on Friday.

Several other research firms also recently weighed in on GOOG. MKM Partners reiterated a “buy” rating and set a $1,170.00 price target on shares of Alphabet in a research note on Wednesday, June 28th. Cowen and Company reissued an “outperform” rating and issued a $1,075.00 price objective on shares of Alphabet in a report on Thursday, August 10th. Needham & Company LLC reissued a “buy” rating and issued a $1,050.00 price objective on shares of Alphabet in a report on Monday, July 17th. Robert W. Baird reissued an “outperform” rating on shares of Alphabet in a report on Monday, July 3rd. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and forty have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $1,035.40.

Alphabet (NASDAQ:GOOG) opened at 959.11 on Friday. The company has a market cap of $664.55 billion, a P/E ratio of 34.76 and a beta of 0.94. Alphabet has a 1-year low of $727.54 and a 1-year high of $988.25. The stock has a 50 day moving average price of $924.03 and a 200 day moving average price of $909.94.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results 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. The business had revenue of $26.01 billion for the quarter, compared to the consensus estimate of $25.61 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.42 EPS. On average, equities research analysts anticipate that Alphabet will post $30.59 EPS for the current fiscal year.

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In other news, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $969.92, for a total value of $3,879,680.00. Following the sale, the chief executive officer now directly owns 1,536 shares in the company, valued at $1,489,797.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP David C. Drummond sold 1,496 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $939.76, for a total value of $1,405,880.96. Following the completion of the sale, the senior vice president now owns 52 shares in the company, valued at $48,867.52. The disclosure for this sale can be found here. Insiders have sold 42,680 shares of company stock worth $39,700,363 over the last 90 days. 13.92% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in GOOG. Burt Wealth Advisors raised its stake in Alphabet by 17.2% in the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after buying an additional 20 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its stake in Alphabet by 3.8% in the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after buying an additional 5 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its stake in Alphabet by 39.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after buying an additional 40 shares in the last quarter. Farmers National Bank raised its stake in Alphabet by 15.0% in the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after buying an additional 21 shares in the last quarter. Finally, Archford Capital Strategies LLC raised its stake in Alphabet by 400.0% in the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock valued at $139,000 after buying an additional 832 shares in the last quarter. Institutional investors and hedge funds own 34.52% of the company’s stock.

About Alphabet

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.

Analyst Recommendations for Alphabet (NASDAQ:GOOG)

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