Traders purchased shares of Alphabet Inc. (NASDAQ:GOOG) on weakness during trading on Monday. $223.26 million flowed into the stock on the tick-up and $200.16 million flowed out of the stock on the tick-down, for a money net flow of $23.10 million into the stock. Of all stocks tracked, Alphabet had the 18th highest net in-flow for the day. Alphabet traded down ($1.99) for the day and closed at $937.34

GOOG has been the topic of several research reports. J P Morgan Chase & Co restated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Alphabet in a research report on Wednesday, June 28th. Canaccord Genuity downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,000.00 target price on the stock. in a research report on Thursday, June 15th. They noted that the move was a valuation call. Credit Suisse Group restated an “outperform” rating on shares of Alphabet in a research report on Friday, June 30th. Finally, JMP Securities restated an “outperform” rating and issued a $1,077.00 target price on shares of Alphabet in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and forty-one have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $1,030.53.

The firm’s 50 day moving average is $933.77 and its 200-day moving average is $900.97. The stock has a market capitalization of $649.46 billion, a price-to-earnings ratio of 33.97 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.58. The company had revenue of $26.01 billion during the quarter, compared to the consensus estimate of $25.61 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The company’s revenue was up 21.0% on a year-over-year basis. During the same period last year, the firm earned $8.42 earnings per share. On average, analysts anticipate that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.

In other news, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $981.45, for a total transaction of $3,925,800.00. Following the transaction, the chief executive officer now owns 2,058 shares of the company’s stock, valued at $2,019,824.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David C. Drummond sold 2,000 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $948.90, for a total transaction of $1,897,800.00. Following the transaction, the senior vice president now directly owns 2,800 shares in the company, valued at approximately $2,656,920. The disclosure for this sale can be found here. Insiders have sold 46,964 shares of company stock worth $44,007,763 in the last ninety days. Corporate insiders own 13.92% of the company’s stock.

Several hedge funds have recently modified their holdings of GOOG. Burt Wealth Advisors lifted its position in shares of Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after purchasing an additional 20 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its holdings in Alphabet by 3.8% in the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after acquiring an additional 5 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings in Alphabet by 39.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock worth $128,000 after acquiring an additional 40 shares during the last quarter. Farmers National Bank lifted its holdings in Alphabet by 15.0% in the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock worth $134,000 after acquiring an additional 21 shares during the last quarter. Finally, Archford Capital Strategies LLC lifted its holdings in Alphabet by 400.0% in the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after acquiring an additional 832 shares during the last quarter. 34.55% of the stock is currently owned by institutional investors and hedge funds.

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About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.