Alphabet (NASDAQ:GOOG) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Other research analysts have also recently issued reports about the stock. Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,080.50 price objective for the company. in a report on Monday, November 27th. UBS restated a “buy” rating on shares of Alphabet in a research report on Monday, November 27th. Piper Jaffray Companies restated an “overweight” rating and issued a $1,150.00 price target on shares of Alphabet in a research report on Thursday, October 19th. Pivotal Research increased their target price on shares of Alphabet from $940.00 to $970.00 and gave the stock a “hold” rating in a research report on Thursday, October 12th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $1,047.45.

Shares of Alphabet (GOOG) traded up $17.74 during trading hours on Tuesday, hitting $1,058.35. 593,434 shares of the company’s stock traded hands, compared to its average volume of 1,484,448. Alphabet has a 12 month low of $770.41 and a 12 month high of $1,062.38. The firm has a market capitalization of $722,926.56, a price-to-earnings ratio of 34.83 and a beta of 0.93. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the consensus estimate of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $27.77 billion for the quarter, compared to analyst estimates of $27.17 billion. During the same quarter last year, the business earned $9.06 earnings per share. Alphabet’s revenue was up 23.7% compared to the same quarter last year.

In other news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $958.40, for a total transaction of $3,833,600.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP James Grier Campbell sold 183 shares of Alphabet stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $959.26, for a total transaction of $175,544.58. The disclosure for this sale can be found here. Insiders sold a total of 36,900 shares of company stock worth $36,837,100 over the last 90 days. Company insiders own 13.92% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Burt Wealth Advisors raised its position in Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after acquiring an additional 20 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its position in Alphabet by 3.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after acquiring an additional 5 shares in the last quarter. Archford Capital Strategies LLC raised its position in Alphabet by 400.0% during the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after acquiring an additional 832 shares in the last quarter. Almanack Investment Partners LLC. raised its position in Alphabet by 4.5% during the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after acquiring an additional 7 shares in the last quarter. Finally, St. Johns Investment Management Company LLC raised its position in Alphabet by 1,046.7% during the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after acquiring an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 34.74% of the company’s stock.

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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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