UBS restated their buy rating on shares of Alphabet (NASDAQ:GOOG) in a research note published on Monday, www.boersen-zeitung.de reports.

GOOG has been the topic of several other research reports. BidaskClub raised Alphabet from a hold rating to a buy rating in a research note on Friday, August 25th. Royal Bank Of Canada reissued a buy rating on shares of Alphabet in a research note on Friday, October 27th. Cantor Fitzgerald reissued a buy rating on shares of Alphabet in a research note on Friday, October 27th. Vetr downgraded Alphabet from a strong-buy rating to a buy rating and set a $1,031.46 price target on the stock. in a research note on Tuesday, August 22nd. Finally, Robert W. Baird reissued an outperform rating and issued a $1,100.00 price target on shares of Alphabet in a research note on Saturday, September 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-nine have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $1,047.96.

Alphabet (NASDAQ GOOG) traded down $0.25 on Monday, hitting $1,021.41. The company’s stock had a trading volume of 1,724,000 shares, compared to its average volume of 1,483,154. Alphabet has a 1 year low of $737.02 and a 1 year high of $1,062.38. The firm has a market cap of $727,741.56, a P/E ratio of 35.07 and a beta of 0.95. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73.

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

In other news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,020.69, for a total transaction of $4,082,760.00. Following the completion of the sale, the chief executive officer now owns 949 shares in the company, valued at $968,634.81. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director L John Doerr sold 12,236 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the sale, the director now owns 3,485 shares of the company’s stock, valued at approximately $3,560,171.45. The disclosure for this sale can be found here. Insiders have sold 38,357 shares of company stock valued at $37,903,125 in the last quarter. 13.92% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Janus Henderson Group PLC raised its position in shares of Alphabet by 759.0% in the second quarter. Janus Henderson Group PLC now owns 3,204,087 shares of the information services provider’s stock valued at $2,911,734,000 after buying an additional 2,831,099 shares in the last quarter. Harbour Capital Advisors LLC raised its position in Alphabet by 87,001.5% during the second quarter. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider’s stock valued at $2,194,000 after purchasing an additional 1,991,465 shares in the last quarter. Koch Industries Inc. raised its position in Alphabet by 214,636.6% during the second quarter. Koch Industries Inc. now owns 1,161,725 shares of the information services provider’s stock valued at $1,160,000 after purchasing an additional 1,161,184 shares in the last quarter. BlackRock Inc. raised its position in Alphabet by 4.8% during the second quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock valued at $16,409,850,000 after purchasing an additional 826,480 shares in the last quarter. Finally, Capital World Investors raised its position in Alphabet by 13.9% during the second quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock valued at $5,789,842,000 after purchasing an additional 776,853 shares in the last quarter. Institutional investors 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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