Alphabet Inc. (NASDAQ:GOOG)‘s stock had its “outperform” rating reissued by research analysts at Robert W. Baird in a note issued to investors on Saturday. They currently have a $1,100.00 target price on the information services provider’s stock. Robert W. Baird’s price objective suggests a potential upside of 18.47% from the company’s previous close.

Several other equities research analysts have also recently weighed in on GOOG. Jefferies Group LLC reissued a “buy” rating and set a $1,200.00 price objective (up from $950.00) on shares of Alphabet in a research note on Sunday, May 28th. Deutsche Bank AG reissued a “buy” rating on shares of Alphabet in a research note on Monday, May 29th. Wells Fargo & Co reissued a “buy” rating on shares of Alphabet in a research note on Monday, May 29th. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research note on Monday, May 29th. Finally, Instinet reissued a “buy” rating on shares of Alphabet in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and forty have issued a buy rating to the company. Alphabet has a consensus rating of “Buy” and an average price target of $1,033.79.

Alphabet (GOOG) opened at 928.53 on Friday. The company has a market capitalization of $643.36 billion, a price-to-earnings ratio of 33.65 and a beta of 0.94. Alphabet has a 52-week low of $727.54 and a 52-week high of $988.25. The company’s 50-day moving average price is $924.03 and its 200 day moving average price is $909.94.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.43 by $0.58. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The company had revenue of $26.01 billion for the quarter, compared to analysts’ expectations of $25.61 billion. During the same period in the previous year, the firm posted $8.42 earnings per share. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. On average, equities analysts expect that Alphabet will post $30.59 EPS for the current fiscal year.

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In other Alphabet news, SVP David C. Drummond sold 1,496 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $939.76, for a total transaction of $1,405,880.96. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $903.86, for a total value of $3,615,440.00. Following the sale, 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 valued at $39,700,363 in the last 90 days. 13.92% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in GOOG. Burt Wealth Advisors grew its position in Alphabet by 17.2% during the 2nd 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 period. Signature Estate & Investment Advisors LLC grew its position in Alphabet by 3.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after purchasing an additional 5 shares during the period. Riggs Asset Managment Co. Inc. grew its position in Alphabet by 39.6% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock worth $128,000 after purchasing an additional 40 shares during the period. Farmers National Bank grew its position in Alphabet by 15.0% during the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock worth $134,000 after purchasing an additional 21 shares during the period. Finally, Archford Capital Strategies LLC grew its position in Alphabet by 400.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after purchasing an additional 832 shares during the period. 34.52% of the stock is currently owned by institutional investors.

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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