Alphabet (NASDAQ:GOOG) was upgraded by equities research analysts at Vetr from a “hold” rating to a “buy” rating in a report released on Wednesday. The brokerage currently has a $1,084.59 price objective on the information services provider’s stock. Vetr‘s price objective would suggest a potential upside of 6.19% from the company’s current price.

GOOG has been the subject of a number of other reports. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 20th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 6th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $1,150.00 price objective on shares of Alphabet in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirty-nine have given a buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and a consensus target price of $1,047.96.

Alphabet (GOOG) opened at $1,021.41 on Wednesday. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. Alphabet has a 52-week low of $737.02 and a 52-week high of $1,062.38. The company has a market cap of $727,741.56, a price-to-earnings ratio of 35.07 and a beta of 0.95.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the Zacks’ consensus estimate of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The firm had revenue of $27.77 billion during the quarter, compared to analysts’ expectations of $27.17 billion. During the same period in the previous year, the business posted $9.06 earnings per share. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year.

In other news, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $933.08, for a total value of $170,753.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 38 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $959.26, for a total value of $36,451.88. Following the completion of the transaction, the director now directly owns 1,797 shares of the company’s stock, valued at approximately $1,723,790.22. The disclosure for this sale can be found here. Insiders sold 38,357 shares of company stock valued at $37,903,125 in the last ninety days. 13.92% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in GOOG. Vanguard Group Inc. raised its position in shares of Alphabet by 3.0% during the second quarter. Vanguard Group Inc. now owns 20,440,038 shares of the information services provider’s stock worth $18,574,476,000 after purchasing an additional 589,654 shares during the period. BlackRock Inc. raised its position in shares of Alphabet by 4.8% during the second quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock worth $16,409,850,000 after purchasing an additional 826,480 shares during the period. FMR LLC raised its position in shares of Alphabet by 0.4% during the second quarter. FMR LLC now owns 13,971,679 shares of the information services provider’s stock worth $12,696,484,000 after purchasing an additional 62,507 shares during the period. State Street Corp raised its position in shares of Alphabet by 0.3% during the first quarter. State Street Corp now owns 12,067,675 shares of the information services provider’s stock worth $10,010,859,000 after purchasing an additional 36,864 shares during the period. Finally, Capital World Investors raised its position in shares of Alphabet by 13.9% during the second quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock worth $5,789,842,000 after purchasing an additional 776,853 shares during the period. Institutional investors and hedge funds own 34.73% of the company’s stock.

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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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