Alphabet Inc. (NASDAQ:GOOG)‘s stock had its “overweight” rating reaffirmed by equities researchers at Cantor Fitzgerald in a note issued to investors on Saturday. They currently have a $1,100.00 target price on the information services provider’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 18.47% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. Robert W. Baird reiterated an “outperform” rating and issued a $1,100.00 target price on shares of Alphabet in a research report on Saturday. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a research report on Saturday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $1,050.00 target price on shares of Alphabet in a research report on Monday, September 11th. UBS AG reiterated a “buy” rating and issued a $1,080.00 target price on shares of Alphabet in a research report on Monday, September 11th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Alphabet in a research report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $1,031.14.

Alphabet (NASDAQ:GOOG) traded down 0.42% during mid-day trading on Friday, hitting $928.53. 1,052,704 shares of the stock were exchanged. Alphabet has a 52-week low of $727.54 and a 52-week high of $988.25. The stock has a market cap of $643.36 billion, a PE ratio of 33.65 and a beta of 0.94. The stock’s 50 day moving average is $924.03 and its 200 day moving average is $909.94.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Monday, July 24th. The information services provider reported $5.01 EPS 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 analysts’ expectations of $25.61 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the business earned $8.42 earnings per share. Analysts forecast that Alphabet will post $30.59 EPS for the current fiscal year.

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In other news, SVP David C. Drummond sold 1,496 shares of Alphabet stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $939.76, for a total value of $1,405,880.96. Following the transaction, the senior vice president now directly owns 52 shares of the company’s stock, valued at approximately $48,867.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $903.86, for a total transaction of $3,615,440.00. Following the completion of the transaction, the chief executive officer now directly owns 1,911 shares in the company, valued at $1,727,276.46. The disclosure for this sale can be found here. Insiders sold a total of 42,680 shares of company stock worth $39,700,363 over the last ninety days. Corporate insiders own 13.92% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Burt Wealth Advisors increased its stake 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 buying an additional 20 shares during the period. Signature Estate & Investment Advisors LLC increased its stake 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 buying an additional 5 shares during the period. Riggs Asset Managment Co. Inc. increased its stake 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 buying an additional 40 shares during the period. Farmers National Bank increased its stake 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 buying an additional 21 shares during the period. Finally, Archford Capital Strategies LLC increased its stake in Alphabet by 400.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock valued at $139,000 after buying an additional 832 shares during the period. 34.52% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Alphabet (NASDAQ:GOOG)

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