Alphabet Inc. (NASDAQ:GOOGL)’s share price gapped up prior to trading on Friday . The stock had previously closed at $790.62, but opened at $791.40. Alphabet shares last traded at $794.56, with a volume of 644,604 shares.

Several research firms have recently commented on GOOGL. Susquehanna reissued a “positive” rating and issued a $930.00 target price on shares of Alphabet in a report on Monday, July 18th. Jefferies Group reissued a “buy” rating and issued a $925.00 target price on shares of Alphabet in a report on Monday, July 18th. Vetr cut shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $803.74 price target on the stock. in a research report on Monday, July 11th. Cantor Fitzgerald restated a “buy” rating and issued a $940.00 price target on shares of Alphabet in a research report on Tuesday, July 5th. Finally, Axiom Securities restated a “buy” rating and issued a $970.00 price target (down previously from $1,001.00) on shares of Alphabet in a research report on Wednesday, June 29th. Two analysts have rated the stock with a hold rating, forty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $925.10.

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

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, July 28th. The company reported $8.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $8.04 by $0.38. Equities research analysts forecast that Alphabet Inc. will post $34.25 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of GOOGL. Hamilton Point Investment Advisors LLC increased its stake in Alphabet by 1.9% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 1,389 shares of the company’s stock worth $1,081,000 after buying an additional 26 shares during the last quarter. Genesee Valley Trust Co. increased 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. Brown Advisory Securities LLC increased its stake in shares of Alphabet by 1.3% in the fourth quarter. Brown Advisory Securities LLC now owns 8,151 shares of the company’s stock valued at $6,357,000 after buying an additional 102 shares in the last quarter. RidgeWorth Capital Management LLC increased its stake in shares of Alphabet by 0.3% in the fourth quarter. RidgeWorth Capital Management LLC now owns 51,123 shares of the company’s stock valued at $39,774,000 after buying an additional 173 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in shares of Alphabet by 1.1% in the fourth quarter. Mutual of America Capital Management LLC now owns 35,563 shares of the company’s stock valued at $27,668,000 after buying an additional 396 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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