Investors purchased shares of Alphabet Inc. (NASDAQ:GOOG) on weakness during trading hours on Tuesday. $258.78 million flowed into the stock on the tick-up and $189.68 million flowed out of the stock on the tick-down, for a money net flow of $69.10 million into the stock. Of all equities tracked, Alphabet had the 2nd highest net in-flow for the day. Alphabet traded down ($3.06) for the day and closed at $769.09

Several analysts have issued reports on the company. Vetr upgraded Alphabet from a “buy” rating to a “strong-buy” rating and set a $827.13 price objective on the stock in a report on Tuesday, May 31st. TheStreet downgraded Alphabet from a “buy” rating to a “hold” rating in a report on Monday, May 23rd. Sanford C. Bernstein set a $950.00 price objective on Alphabet and gave the stock a “buy” rating in a report on Friday, July 29th. JMP Securities set a $928.00 target price on Alphabet and gave the company a “buy” rating in a report on Friday, July 29th. Finally, Robert W. Baird set a $900.00 target price on Alphabet and gave the company a “buy” rating in a report on Friday, July 29th. Two equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the company. Alphabet presently has a consensus rating of “Buy” and an average target price of $921.01.

The stock has a market cap of $528.57 billion and a price-to-earnings ratio of 29.80. The stock’s 50 day moving average price is $760.63 and its 200 day moving average price is $728.74.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, July 28th. The company reported $8.42 earnings per share for the quarter, beating the consensus estimate of $8.03 by $0.39. The company earned $21.50 billion during the quarter, compared to analyst estimates of $20.74 billion. During the same period in the previous year, the company posted $6.99 EPS. The company’s quarterly revenue was up 21.3% on a year-over-year basis. On average, equities research analysts expect that Alphabet Inc. will post $34.30 earnings per share for the current year.

In related news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $775.00, for a total transaction of $155,000.00. Following the sale, the director now owns 346 shares in the company, valued at approximately $268,150. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ann Mather sold 115 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $769.38, for a total value of $88,478.70. Following the sale, the director now owns 1,656 shares in the company, valued at approximately $1,274,093.28. The disclosure for this sale can be found here.

Several large investors have made changes to their positions in GOOG. Wafra Investment Advisory Group Inc. NY raised its stake in shares of Alphabet by 5.1% in the fourth quarter. Wafra Investment Advisory Group Inc. NY now owns 17,009 shares of the company’s stock valued at $12,908,000 after buying an additional 821 shares during the last quarter. Employees Retirement System of Texas raised its stake in shares of Alphabet by 5.0% in the fourth quarter. Employees Retirement System of Texas now owns 78,102 shares of the company’s stock valued at $59,270,000 after buying an additional 3,700 shares during the last quarter. Genesee Valley Trust Co. raised its stake in shares of Alphabet by 3.2% in the fourth quarter. Genesee Valley Trust Co. now owns 2,892 shares of the company’s stock valued at $2,195,000 after buying an additional 91 shares during the last quarter. Advantus Capital Management Inc raised its stake in shares of Alphabet by 3.8% in the fourth quarter. Advantus Capital Management Inc now owns 28,871 shares of the company’s stock valued at $21,910,000 after buying an additional 1,054 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of Alphabet by 2.2% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 135,475 shares of the company’s stock valued at $102,809,000 after buying an additional 2,935 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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