Investors purchased shares of Alphabet Inc. (NASDAQ:GOOGL) on weakness during trading on Wednesday. $357.90 million flowed into the stock on the tick-up and $278.24 million flowed out of the stock on the tick-down, for a money net flow of $79.66 million into the stock. Of all stocks tracked, Alphabet had the 4th highest net in-flow for the day. Alphabet traded down ($1.20) for the day and closed at $798.92

A number of research firms have issued reports on GOOGL. Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $896.00 target price on the stock in a research report on Wednesday. B. Riley reiterated a “buy” rating and issued a $950.00 price target on shares of Alphabet in a research report on Wednesday. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $950.00 price target (up from $920.00) on shares of Alphabet in a research report on Monday. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating and issued a $930.00 price target (up from $810.00) on shares of Alphabet in a research report on Monday. Finally, MKM Partners set a $935.00 price target on shares of Alphabet and gave the company a “buy” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating, forty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet presently has an average rating of “Buy” and an average price target of $919.88.

The company has a 50-day moving average price of $733.68 and a 200-day moving average price of $737.10. The company has a market cap of $548.68 billion and a P/E ratio of 30.91.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.04 by $0.38. On average, equities research analysts predict that Alphabet Inc. will post $34.26 EPS for the current year.

Other institutional investors have recently made changes to their positions in the company. Mandatum Life Insurance Co Ltd purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $1,033,000. Hamilton Point Investment Advisors LLC raised its position in shares of 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 period. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $1,221,000. Greenleaf Trust raised its position in shares of Alphabet by 2.3% in the fourth quarter. Greenleaf Trust now owns 1,633 shares of the company’s stock valued at $1,270,000 after buying an additional 37 shares during the period. Finally, Cypress Asset Management Inc. TX raised its position in shares of 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 period.

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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