Alphabet Inc. (NASDAQ:GOOGL)’s share price gapped down prior to trading on Monday . The stock had previously closed at $791.03, but opened at $791.40. Alphabet shares last traded at $796.87, with a volume of 1,349,800 shares traded.

Several equities analysts have commented on the company. Vetr downgraded Alphabet from a “strong-buy” rating to a “buy” rating and set a $809.35 price target on the stock. in a report on Monday, May 9th. MKM Partners lowered their price target on Alphabet from $950.00 to $930.00 and set a “buy” rating on the stock in a report on Friday, May 13th. Bank of America Corp. reiterated a “buy” rating and set a $925.00 price target on shares of Alphabet in a report on Monday, May 16th. Piper Jaffray Cos. reiterated a “buy” rating and set a $911.00 price target on shares of Alphabet in a report on Monday, May 16th. Finally, Jefferies Group reiterated a “buy” rating and set a $925.00 price target on shares of Alphabet in a report on Thursday, May 19th. Two analysts have rated the stock with a hold rating, forty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $925.10.

The company’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 PE ratio of 30.88.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, July 28th. The company reported $8.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $8.04 by $0.38. On average, equities research analysts predict that Alphabet Inc. will post $34.25 earnings per share for the current year.

A number of hedge funds have modified their holdings of the company. RidgeWorth Capital Management LLC raised 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 worth $39,774,000 after buying an additional 173 shares during the period. Mutual of America Capital Management LLC raised 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 worth $27,668,000 after buying an additional 396 shares during the period. Bailard Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth approximately $4,629,000. Advantus Capital Management Inc raised 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 worth $22,022,000 after buying an additional 998 shares during the period. Finally, Guinness Atkinson Asset Management Inc acquired a new stake in shares of Alphabet during the fourth quarter worth approximately $5,617,000.

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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