Alphabet Inc. (NASDAQ:GOOGL)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $813.33 and last traded at $810.77, with a volume of 755,198 shares trading hands. The stock had previously closed at $805.23.

GOOGL has been the topic of a number of research reports. Morgan Stanley cut their target price on shares of Alphabet from $900.00 to $850.00 and set an “overweight” rating on the stock in a research note on Friday, April 22nd. Vetr downgraded shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $809.35 target price on the stock. in a research note on Monday, May 9th. Oppenheimer Holdings Inc. cut their target price on shares of Alphabet from $965.00 to $958.00 and set an “outperform” rating on the stock in a research note on Friday, April 22nd. Deutsche Bank AG reissued a “buy” rating and issued a $1,100.00 target price (up previously from $1,080.00) on shares of Alphabet in a research note on Saturday, April 23rd. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $975.00 target price on shares of Alphabet in a research note on Tuesday, April 19th. Three analysts have rated the stock with a hold rating, forty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $919.88.

The company has a market capitalization of $555.65 billion and a PE ratio of 31.33. The company’s 50-day moving average is $746.53 and its 200-day moving average is $739.82.

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

Several institutional investors have modified their holdings of the company. Jennison Associates LLC boosted its position in shares of Alphabet by 0.3% in the fourth quarter. Jennison Associates LLC now owns 2,751,344 shares of the company’s stock valued at $2,140,573,000 after buying an additional 8,500 shares in the last quarter. BlackRock Investment Management LLC boosted its position in shares of Alphabet by 1.0% in the fourth quarter. BlackRock Investment Management LLC now owns 1,362,988 shares of the company’s stock valued at $1,060,418,000 after buying an additional 13,325 shares in the last quarter. OppenheimerFunds Inc. boosted its position in shares of Alphabet by 27.6% in the fourth quarter. OppenheimerFunds Inc. now owns 1,186,805 shares of the company’s stock valued at $923,378,000 after buying an additional 256,998 shares in the last quarter. Edgewood Management LLC boosted its position in shares of Alphabet by 14.2% in the fourth quarter. Edgewood Management LLC now owns 805,144 shares of the company’s stock valued at $626,410,000 after buying an additional 100,398 shares in the last quarter. Finally, California Public Employees Retirement System acquired a new position in shares of Alphabet during the fourth quarter valued at $610,161,000.

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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