Shares of Alphabet Inc. (NASDAQ:GOOG) gapped up before the market opened on Monday . The stock had previously closed at $704.10, but opened at $705.63. Alphabet shares last traded at $714.73, with a volume of 622,852 shares changing hands.

A number of brokerages have recently commented on GOOG. Jefferies Group restated a “buy” rating and set a $925.00 target price (down previously from $950.00) on shares of Alphabet in a report on Monday, April 25th. Evercore ISI reiterated a “buy” rating and issued a $830.00 price target (down previously from $950.00) on shares of Alphabet in a research note on Thursday, June 23rd. Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $779.82 price target on the stock. in a research note on Wednesday, April 13th. Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a research note on Thursday, May 26th. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $810.00 price target (down previously from $850.00) on shares of Alphabet in a research note on Wednesday, June 29th. Four research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $890.81.

The firm has a 50 day moving average of $708.61 and a 200 day moving average of $718.14. The firm has a market capitalization of $490.95 billion and a price-to-earnings ratio of 29.10.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, April 21st. The company reported $7.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $7.96 by $0.46. The firm had revenue of $20.26 billion for the quarter, compared to analyst estimates of $20.37 billion. During the same quarter in the previous year, the business earned $6.57 earnings per share. The company’s revenue was up 17.4% compared to the same quarter last year. On average, analysts forecast that Alphabet Inc. will post $33.56 EPS for the current year.

In other news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $690.94, for a total value of $2,763,760.00. Following the transaction, the chief executive officer now directly owns 3,672 shares of the company’s stock, valued at $2,537,131.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lawrence Page sold 33,340 shares of the company’s stock in a transaction on Friday, April 29th. The stock was sold at an average price of $700.31, for a total transaction of $23,348,335.40. Following the completion of the transaction, the chief executive officer now directly owns 21,263,622 shares in the company, valued at $14,891,127,122.82. The disclosure for this sale can be found here.

Several institutional investors recently bought and sold shares of the company. VSR Financial Services Inc. bought a new position in Alphabet during the fourth quarter worth $6,998,000. W.G. Shaheen & Associates DBA Whitney & Co increased its position in Alphabet by 1.1% in the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 1,355 shares of the company’s stock valued at $1,028,000 after buying an additional 15 shares during the last quarter. Hermes Investment Management Ltd. increased its position in Alphabet by 417.3% in the fourth quarter. Hermes Investment Management Ltd. now owns 37,150 shares of the company’s stock valued at $28,192,000 after buying an additional 29,969 shares during the last quarter. Smith Chas P & Associates PA Cpas increased its position in Alphabet by 3.7% in the fourth quarter. Smith Chas P & Associates PA Cpas now owns 25,801 shares of the company’s stock valued at $19,580,000 after buying an additional 910 shares during the last quarter. Finally, Hosking Partners LLP increased its position in Alphabet by 1.3% in the fourth quarter. Hosking Partners LLP now owns 90,992 shares of the company’s stock valued at $69,052,000 after buying an additional 1,193 shares during the last quarter.

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

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