Alphabet Inc. (NASDAQ:GOOGL) gapped up prior to trading on Monday . The stock had previously closed at $716.81, but opened at $717.78. Alphabet shares last traded at $727.32, with a volume of 803,704 shares trading hands.

GOOGL has been the subject of a number of research analyst reports. Deutsche Bank AG reissued a “buy” rating on shares of Alphabet in a research note on Sunday. Pivotal Research reissued a “buy” rating on shares of Alphabet in a research note on Monday. Jefferies Group reissued a “buy” rating on shares of Alphabet in a research note on Monday. Vetr lowered Alphabet from a “strong-buy” rating to a “buy” rating and set a $803.74 price target for the company. in a research note on Monday. Finally, SunTrust Banks Inc. reissued a “buy” rating and set a $850.00 price target on shares of Alphabet in a research note on Wednesday, July 6th. Four research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and a consensus target price of $897.62.

The stock has a market cap of $499.26 billion and a P/E ratio of 29.59. The company has a 50-day moving average price of $721.44 and a 200-day moving average price of $735.64.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, April 21st. The company reported $7.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $7.96 by $0.46. During the same period in the previous year, the firm earned $6.47 EPS. On average, equities analysts predict that Alphabet Inc. will post $33.48 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the company. Cypress Asset Management Inc. TX boosted its stake in Alphabet by 1.2% in the fourth quarter. Cypress Asset Management Inc. TX now owns 1,727 shares of the company’s stock valued at $1,344,000 after buying an additional 20 shares during the last quarter. Dumont & Blake Investment Advisors LLC boosted its stake in Alphabet by 1.7% in the fourth quarter. Dumont & Blake Investment Advisors LLC now owns 1,489 shares of the company’s stock valued at $1,158,000 after buying an additional 25 shares during the last quarter. Penbrook Management LLC boosted its stake in Alphabet by 1.1% in the fourth quarter. Penbrook Management LLC now owns 2,327 shares of the company’s stock valued at $1,810,000 after buying an additional 25 shares during the last quarter. Hamilton Point Investment Advisors LLC boosted its stake in Alphabet by 1.9% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 1,389 shares of the company’s stock valued at $1,081,000 after buying an additional 26 shares during the last quarter. Finally, Wharton Business Group LLC boosted its stake in Alphabet by 1.1% in the fourth quarter. Wharton Business Group LLC now owns 2,866 shares of the company’s stock valued at $2,229,000 after buying an additional 30 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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