Alphabet Inc Class C (NASDAQ:GOOG) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other research analysts have also weighed in on GOOG. BidaskClub upgraded shares of Alphabet Inc Class C from a “hold” rating to a “buy” rating in a research note on Wednesday, May 9th. Morgan Stanley restated a “buy” rating on shares of Alphabet Inc Class C in a research note on Friday, May 18th. Societe Generale restated a “buy” rating on shares of Alphabet Inc Class C in a research note on Friday, July 6th. Royal Bank of Canada restated a “buy” rating on shares of Alphabet Inc Class C in a research note on Tuesday, July 10th. Finally, Nomura restated a “buy” rating on shares of Alphabet Inc Class C in a research note on Wednesday, July 11th. Two investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Alphabet Inc Class C has an average rating of “Buy” and an average target price of $1,245.96.

Alphabet Inc Class C stock opened at $1,239.12 on Wednesday. The stock has a market cap of $864.24 billion, a PE ratio of 38.81 and a beta of 1.13. Alphabet Inc Class C has a fifty-two week low of $905.00 and a fifty-two week high of $1,273.89. The company has a current ratio of 4.15, a quick ratio of 4.13 and a debt-to-equity ratio of 0.02.

Alphabet Inc Class C (NASDAQ:GOOG) last released its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, topping the consensus estimate of $9.66 by $2.09. The company had revenue of $32.66 billion for the quarter, compared to analyst estimates of $32.13 billion. Alphabet Inc Class C had a net margin of 13.16% and a return on equity of 18.24%. Alphabet Inc Class C’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business earned $5.01 EPS.

In other Alphabet Inc Class C news, VP Amie Thuener O’toole sold 72 shares of the stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $1,122.33, for a total transaction of $80,807.76. Following the transaction, the vice president now owns 388 shares in the company, valued at approximately $435,464.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 724 shares of the stock in a transaction that occurred on Wednesday, July 25th. The stock was sold at an average price of $1,250.30, for a total transaction of $905,217.20. Following the transaction, the director now owns 442 shares in the company, valued at approximately $552,632.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,330 shares of company stock worth $104,803,309. 13.11% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the business. Truvestments Capital LLC acquired a new position in shares of Alphabet Inc Class C during the 2nd quarter worth approximately $1,533,000. Bank of New York Mellon Corp lifted its holdings in shares of Alphabet Inc Class C by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,644,595 shares of the information services provider’s stock worth $4,066,096,000 after acquiring an additional 27,153 shares during the period. Mainstay Capital Management LLC ADV lifted its holdings in shares of Alphabet Inc Class C by 79,743.5% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 796,838 shares of the information services provider’s stock worth $1,009,000 after acquiring an additional 795,840 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Alphabet Inc Class C by 0.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 203,879 shares of the information services provider’s stock worth $227,458,000 after acquiring an additional 1,429 shares during the period. Finally, Mount Yale Investment Advisors LLC lifted its holdings in shares of Alphabet Inc Class C by 98.1% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 828 shares of the information services provider’s stock worth $924,000 after acquiring an additional 410 shares during the period. Hedge funds and other institutional investors own 34.31% of the company’s stock.

Alphabet Inc Class C Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Analyst Recommendations for Alphabet Inc Class C (NASDAQ:GOOG)

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