Robert W. Baird restated their outperform rating on shares of Alphabet Inc. (NASDAQ:GOOG) in a report released on Thursday.

A number of other equities analysts have also recently issued reports on the company. Canaccord Genuity restated a buy rating and set a $925.00 price objective on shares of Alphabet in a report on Wednesday, December 21st. RBC Capital Markets set a $880.00 price objective on Alphabet and gave the company a buy rating in a report on Monday, December 26th. Nomura set a $950.00 price objective on Alphabet and gave the company a buy rating in a report on Friday, October 28th. Cantor Fitzgerald restated a buy rating and set a $1,040.00 price objective (up previously from $1,000.00) on shares of Alphabet in a report on Friday, October 28th. Finally, Stifel Nicolaus boosted their price objective on Alphabet from $925.00 to $950.00 and gave the company a hold rating in a report on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-four have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $941.91.

Alphabet (NASDAQ:GOOG) traded up 0.19% during trading on Thursday, reaching $807.88. The company’s stock had a trading volume of 1,089,524 shares. The firm’s 50-day moving average price is $779.29 and its 200 day moving average price is $765.14. Alphabet has a 12-month low of $663.06 and a 12-month high of $816.68. The company has a market capitalization of $556.82 billion, a P/E ratio of 29.57 and a beta of 0.93.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 27th. The company reported $9.06 earnings per share for the quarter, beating the consensus estimate of $8.62 by $0.44. The business earned $22.45 billion during the quarter, compared to analysts’ expectations of $13.17 billion. Alphabet had a return on equity of 15.08% and a net margin of 22.29%. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the business posted $7.35 EPS. On average, analysts predict that Alphabet will post $34.48 earnings per share for the current fiscal year.

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In related news, VP James Grier Campbell sold 194 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $778.20, for a total transaction of $150,970.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, October 19th. The stock was sold at an average price of $801.27, for a total value of $3,205,080.00. Following the transaction, the chief executive officer now directly owns 2,856 shares in the company, valued at approximately $2,288,427.12. The disclosure for this sale can be found here. 13.92% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in GOOG. Lakeview Capital Partners LLC raised its position in Alphabet by 0.3% in the second quarter. Lakeview Capital Partners LLC now owns 327 shares of the company’s stock worth $226,000 after buying an additional 1 shares in the last quarter. Shufro Rose & Co. LLC raised its position in Alphabet by 0.6% in the second quarter. Shufro Rose & Co. LLC now owns 357 shares of the company’s stock worth $247,000 after buying an additional 2 shares in the last quarter. Alpha Windward LLC raised its position in Alphabet by 0.9% in the third quarter. Alpha Windward LLC now owns 222 shares of the company’s stock worth $173,000 after buying an additional 2 shares in the last quarter. 1st Global Advisors Inc. raised its position in Alphabet by 0.5% in the second quarter. 1st Global Advisors Inc. now owns 658 shares of the company’s stock worth $455,000 after buying an additional 3 shares in the last quarter. Finally, SignalPoint Asset Management LLC raised its position in Alphabet by 0.3% in the third quarter. SignalPoint Asset Management LLC now owns 1,025 shares of the company’s stock worth $797,000 after buying an additional 3 shares in the last quarter. 34.22% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Company Profile

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.

5 Day Chart for NASDAQ:GOOG

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