Traders sold shares of Alphabet Inc. (NASDAQ:GOOGL) on strength during trading on Thursday. $236.45 million flowed into the stock on the tick-up and $319.91 million flowed out of the stock on the tick-down, for a money net flow of $83.46 million out of the stock. Of all companies tracked, Alphabet had the 0th highest net out-flow for the day. Alphabet traded up $1.55 for the day and closed at $791.40

A number of equities research analysts recently issued reports on the company. Cantor Fitzgerald reissued a “buy” rating on shares of Alphabet in a research note on Sunday, August 14th. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $834.59 target price for the company in a research report on Tuesday, August 16th. B. Riley reaffirmed a “buy” rating and set a $950.00 target price on shares of Alphabet in a research report on Wednesday, August 3rd. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $896.00 target price for the company in a research report on Wednesday, August 3rd. Finally, Bank of America Corp. reaffirmed a “buy” rating and set a $960.00 target price on shares of Alphabet in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, forty-seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $925.10.

The company has a 50-day moving average price of $787.23 and a 200-day moving average price of $747.86. The stock has a market cap of $547.67 billion and a P/E ratio of 30.88.

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 the Thomson Reuters’ consensus estimate of $8.04 by $0.38. On average, equities analysts predict that Alphabet Inc. will post $34.25 EPS for the current fiscal year.

Several hedge funds recently made changes to their positions in the stock. Employees Retirement System of Texas boosted its stake in shares of Alphabet by 13.0% in the fourth quarter. Employees Retirement System of Texas now owns 86,200 shares of the company’s stock valued at $67,064,000 after buying an additional 9,900 shares in the last quarter. Roosevelt Investment Group Inc. boosted its stake in shares of Alphabet by 7.8% in the fourth quarter. Roosevelt Investment Group Inc. now owns 65,732 shares of the company’s stock valued at $51,140,000 after buying an additional 4,752 shares in the last quarter. Genesee Valley Trust Co. boosted its stake in shares of Alphabet by 1.7% in the fourth quarter. Genesee Valley Trust Co. now owns 2,600 shares of the company’s stock valued at $2,023,000 after buying an additional 44 shares in the last quarter. Guinness Atkinson Asset Management Inc bought a new stake in shares of Alphabet during the fourth quarter valued at about $5,617,000. Finally, Advantus Capital Management Inc boosted its stake in shares of Alphabet by 3.7% in the fourth quarter. Advantus Capital Management Inc now owns 28,305 shares of the company’s stock valued at $22,022,000 after buying an additional 998 shares in 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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