Alphabet Inc (NASDAQ:GOOG) reached a new 52-week high on Tuesday . The company traded as high as $1,441.49 and last traded at $1,440.07, with a volume of 242867 shares. The stock had previously closed at $1,439.23.

GOOG has been the subject of a number of research analyst reports. Pivotal Research upgraded Alphabet from a “hold” rating to a “buy” rating and increased their price target for the stock from $1,445.00 to $1,650.00 in a report on Monday, January 6th. Barclays reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, October 29th. Royal Bank of Canada restated a “buy” rating on shares of Alphabet in a report on Monday, November 4th. Cleveland Research restated a “neutral” rating on shares of Alphabet in a report on Friday, December 20th. Finally, Stifel Nicolaus upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-three have issued a buy rating to the company’s stock. Alphabet presently has an average rating of “Buy” and a consensus target price of $1,486.44.

The firm has a 50 day moving average price of $1,351.27 and a 200-day moving average price of $1,244.33. The company has a current ratio of 3.78, a quick ratio of 3.75 and a debt-to-equity ratio of 0.07. The firm has a market cap of $986.06 billion, a PE ratio of 30.31, a PEG ratio of 1.56 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.57 by ($2.45). The company had revenue of $40.50 billion during the quarter, compared to analysts’ expectations of $40.17 billion. Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The business’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $13.06 EPS. Equities analysts forecast that Alphabet Inc will post 49.03 earnings per share for the current fiscal year.

In other news, Director Ann Mather sold 50 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $1,276.45, for a total transaction of $63,822.50. Following the sale, the director now owns 1,823 shares of the company’s stock, valued at approximately $2,326,968.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 54 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $1,276.45, for a total value of $68,928.30. Following the sale, the chief accounting officer now directly owns 388 shares in the company, valued at approximately $495,262.60. The disclosure for this sale can be found here. Insiders sold a total of 3,344,673 shares of company stock valued at $316,380,721 in the last quarter. Company insiders own 12.99% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Marietta Wealth Management LLC raised its position in shares of Alphabet by 48.5% during the 2nd quarter. Marietta Wealth Management LLC now owns 643 shares of the information services provider’s stock worth $695,000 after acquiring an additional 210 shares in the last quarter. Schroder Investment Management Group increased its position in Alphabet by 7.8% during the second quarter. Schroder Investment Management Group now owns 203,440 shares of the information services provider’s stock worth $219,900,000 after buying an additional 14,714 shares during the period. Patriot Financial Group Insurance Agency LLC increased its position in Alphabet by 24.1% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 670 shares of the information services provider’s stock worth $817,000 after buying an additional 130 shares during the period. CNB Bank increased its position in Alphabet by 9.8% during the third quarter. CNB Bank now owns 1,136 shares of the information services provider’s stock worth $1,385,000 after buying an additional 101 shares during the period. Finally, NewSquare Capital LLC increased its position in Alphabet by 113.6% during the fourth quarter. NewSquare Capital LLC now owns 47 shares of the information services provider’s stock worth $63,000 after buying an additional 25 shares during the period. 33.79% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Company Profile (NASDAQ:GOOG)

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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