Traders sold shares of Alphabet Inc. (NASDAQ:GOOG) on strength during trading hours on Thursday. $166.42 million flowed into the stock on the tick-up and $198.50 million flowed out of the stock on the tick-down, for a money net flow of $32.08 million out of the stock. Of all equities tracked, Alphabet had the 0th highest net out-flow for the day. Alphabet traded up $1.73 for the day and closed at $768.78

Several equities analysts have recently commented on the company. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, July 29th. SunTrust Banks Inc. reaffirmed a “buy” rating and issued a $900.00 target price (up previously from $850.00) on shares of Alphabet in a research report on Sunday, July 31st. Vetr downgraded Alphabet from a “strong-buy” rating to a “buy” rating and set a $770.61 target price on the stock. in a research report on Tuesday, June 21st. Credit Agricole SA reaffirmed a “buy” rating and issued a $990.00 target price (up previously from $970.00) on shares of Alphabet in a research report on Sunday, July 31st. Finally, Independent Research GmbH set a $870.00 target price on Alphabet and gave the company a “neutral” rating in a research report on Monday, August 1st. Two equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $921.01.

The company has a 50-day moving average of $764.76 and a 200-day moving average of $729.60. The stock has a market cap of $530.20 billion and a PE ratio of 29.89.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, July 28th. The company reported $8.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $8.03 by $0.39. The company had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $20.74 billion. The business’s revenue was up 21.3% on a year-over-year basis. During the same period in the previous year, the business posted $6.99 earnings per share. Equities analysts forecast that Alphabet Inc. will post $34.30 earnings per share for the current year.

In related news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $720.49, for a total transaction of $2,881,960.00. Following the completion of the transaction, the chief executive officer now directly owns 3,443 shares of the company’s stock, valued at $2,480,647.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lawrence Page sold 33,332 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $794.76, for a total transaction of $26,490,940.32. Following the transaction, the chief executive officer now directly owns 30,666 shares of the company’s stock, valued at $24,372,110.16. The disclosure for this sale can be found here.

A number of institutional investors have added to or reduced their stakes in the stock. Wafra Investment Advisory Group Inc. NY raised its position in 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 period. Employees Retirement System of Texas raised its position in 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 period. Genesee Valley Trust Co. raised its position in 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 period. Advantus Capital Management Inc raised its position in 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 period. Finally, Fort Washington Investment Advisors Inc. OH raised its position in 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 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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