UBS AG restated their buy rating on shares of Alphabet Inc. (NASDAQ:GOOG) in a research note issued to investors on Monday morning, www.flashratings.com reports. They currently have a $1,080.00 target price on the information services provider’s stock.

GOOG has been the subject of a number of other reports. Citigroup Inc. restated a buy rating and issued a $1,180.00 price objective on shares of Alphabet in a report on Thursday, July 27th. Deutsche Bank AG restated a buy rating on shares of Alphabet in a report on Monday, June 12th. Vetr upgraded Alphabet from a hold rating to a buy rating and set a $995.83 price objective for the company in a report on Monday, June 26th. BidaskClub upgraded Alphabet from a hold rating to a buy rating in a report on Friday, August 25th. Finally, Robert W. Baird restated an outperform rating and issued a $1,100.00 price objective on shares of Alphabet in a report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and forty-one have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $1,031.14.

Alphabet (NASDAQ:GOOG) opened at 935.09 on Monday. The firm’s 50-day moving average price is $926.52 and its 200 day moving average price is $906.54. Alphabet has a 12-month low of $727.54 and a 12-month high of $988.25. The company has a market capitalization of $647.90 billion, a price-to-earnings ratio of 33.89 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.43 by $0.58. The business 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%. Alphabet’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the business posted $8.42 earnings per share. On average, analysts expect that Alphabet will post $30.59 earnings per share for the current year.

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In related news, VP James Grier Campbell sold 183 shares of Alphabet stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $911.16, for a total value of $166,742.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David C. Drummond sold 2,000 shares of Alphabet stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $949.77, for a total transaction of $1,899,540.00. Following the completion of the transaction, the senior vice president now owns 1,800 shares of the company’s stock, valued at $1,709,586. The disclosure for this sale can be found here. Insiders sold a total of 46,680 shares of company stock valued at $43,521,363 over the last quarter. 13.92% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Burt Wealth Advisors boosted its holdings in Alphabet by 17.2% in the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after purchasing an additional 20 shares during the period. Signature Estate & Investment Advisors LLC boosted its holdings in Alphabet by 3.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 5 shares during the period. Riggs Asset Managment Co. Inc. boosted its holdings in Alphabet by 39.6% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after purchasing an additional 40 shares during the period. Farmers National Bank boosted its holdings in Alphabet by 15.0% in the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after purchasing an additional 21 shares during the period. Finally, Almanack Investment Partners LLC. boosted its holdings in Alphabet by 4.5% in the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after purchasing an additional 7 shares during the period. Institutional investors and hedge funds own 34.55% of the company’s stock.

Alphabet Company Profile

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.

Analyst Recommendations for Alphabet (NASDAQ:GOOG)

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