Morningstar reiterated their neutral rating on shares of Alphabet (NASDAQ:GOOG) in a research note released on Friday.

Other equities analysts have also issued research reports about the company. BidaskClub upgraded Alphabet from a buy rating to a strong-buy rating in a research report on Wednesday, January 10th. Robert W. Baird reiterated an outperform rating and issued a $1,100.00 price target on shares of Alphabet in a research report on Saturday, September 23rd. JMP Securities reiterated a buy rating on shares of Alphabet in a research report on Friday, October 27th. Cantor Fitzgerald restated a buy rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Vetr lowered Alphabet from a sell rating to a strong sell rating and set a $949.65 price objective for the company. in a research report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $1,052.31.

Alphabet (NASDAQ:GOOG) traded up $7.72 during trading hours on Friday, hitting $1,137.51. The company had a trading volume of 1,390,118 shares, compared to its average volume of 1,300,000. 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 has a fifty-two week low of $790.52 and a fifty-two week high of $1,139.91. The firm has a market cap of $797,830.00, a price-to-earnings ratio of 37.89 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $27.77 billion during the quarter, compared to analyst estimates of $27.17 billion. During the same quarter last year, the company posted $9.06 EPS. Alphabet’s revenue for the quarter was up 23.7% on a year-over-year basis.

In related news, VP James Grier Campbell sold 183 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total value of $186,149.43. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 38 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1,017.21, for a total value of $38,653.98. Following the completion of the transaction, the director now directly owns 1,805 shares in the company, valued at $1,836,064.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,900 shares of company stock valued at $38,411,507. 13.92% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. Perennial Advisors LLC increased its position in Alphabet by 8.7% in the 2nd quarter. Perennial Advisors LLC now owns 3,232 shares of the information services provider’s stock worth $2,937,000 after buying an additional 260 shares during the period. One Capital Management LLC increased its position in Alphabet by 5.0% in the 2nd quarter. One Capital Management LLC now owns 3,213 shares of the information services provider’s stock worth $2,920,000 after buying an additional 154 shares during the period. Northeast Investment Management increased its position in Alphabet by 4.4% in the 2nd quarter. Northeast Investment Management now owns 12,678 shares of the information services provider’s stock worth $11,521,000 after buying an additional 537 shares during the period. Taurus Asset Management LLC increased its position in Alphabet by 0.9% in the 2nd quarter. Taurus Asset Management LLC now owns 25,960 shares of the information services provider’s stock worth $23,591,000 after buying an additional 220 shares during the period. Finally, AKO Capital LLP increased its position in Alphabet by 6.8% in the 2nd quarter. AKO Capital LLP now owns 51,624 shares of the information services provider’s stock worth $46,912,000 after buying an additional 3,289 shares during the period. 34.65% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Alphabet (GOOG) Given “Neutral” Rating at Morningstar” was reported by Daily Political and is the sole property of of Daily Political. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.dailypolitical.com/2018/01/20/alphabet-goog-given-neutral-rating-at-morningstar.html.

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)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.