BidaskClub cut shares of Alphabet Inc Class C (NASDAQ:GOOG) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

Other equities analysts have also recently issued research reports about the company. Raymond James reiterated an outperform rating and issued a $1,405.00 target price (up previously from $1,240.00) on shares of Alphabet Inc Class C in a report on Tuesday, July 24th. Oppenheimer lifted their target price on Alphabet Inc Class C from $1,350.00 to $1,450.00 and gave the stock an outperform rating in a report on Tuesday, July 24th. Credit Suisse Group reiterated a buy rating on shares of Alphabet Inc Class C in a report on Monday, July 16th. Barclays reiterated a buy rating on shares of Alphabet Inc Class C in a report on Monday, July 16th. Finally, Piper Jaffray Companies restated a buy rating and set a $1,400.00 price objective on shares of Alphabet Inc Class C in a report on Tuesday, July 24th. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $1,245.96.

Shares of Alphabet Inc Class C stock opened at $1,164.83 on Wednesday. The company has a market capitalization of $815.26 billion, a PE ratio of 28.61 and a beta of 1.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.15 and a quick ratio of 4.13. Alphabet Inc Class C has a one year low of $909.70 and a one year high of $1,273.89.

Alphabet Inc Class C (NASDAQ:GOOG) last announced its earnings results on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, topping the Zacks’ consensus estimate of $9.66 by $2.09. The firm had revenue of $32.66 billion during the quarter, compared to analysts’ expectations of $32.13 billion. Alphabet Inc Class C had a return on equity of 18.24% and a net margin of 13.16%. The company’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.01 EPS.

In other Alphabet Inc Class C news, VP Amie Thuener O’toole sold 73 shares of the company’s stock in a transaction on Tuesday, July 3rd. The stock was sold at an average price of $1,135.82, for a total value of $82,914.86. Following the completion of the sale, the vice president now directly owns 388 shares in the company, valued at approximately $440,698.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sundar Pichai sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $1,192.12, for a total value of $11,921,200.00. Following the completion of the sale, the chief executive officer now owns 871 shares of the company’s stock, valued at $1,038,336.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,362 shares of company stock valued at $105,376,354. 13.11% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. Summit Trail Advisors LLC raised its position in shares of Alphabet Inc Class C by 132,719.3% in the 1st quarter. Summit Trail Advisors LLC now owns 18,679,702 shares of the information services provider’s stock worth $18,680,000 after acquiring an additional 18,665,638 shares in the last quarter. Magellan Asset Management Ltd raised its position in shares of Alphabet Inc Class C by 684.2% in the 1st quarter. Magellan Asset Management Ltd now owns 2,114,849 shares of the information services provider’s stock worth $2,182,080,000 after acquiring an additional 1,845,160 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Alphabet Inc Class C by 18,323.9% in the 2nd quarter. Private Advisor Group LLC now owns 954,357 shares of the information services provider’s stock worth $1,064,798,000 after acquiring an additional 949,177 shares in the last quarter. Mainstay Capital Management LLC ADV raised its position in shares of Alphabet Inc Class C by 79,743.5% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 796,838 shares of the information services provider’s stock worth $1,009,000 after acquiring an additional 795,840 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its position in shares of Alphabet Inc Class C by 114,793.0% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 723,826 shares of the information services provider’s stock worth $642,000 after acquiring an additional 723,196 shares in the last quarter. Institutional investors and hedge funds own 34.31% of the company’s stock.

About Alphabet Inc Class C

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Analyst Recommendations for Alphabet Inc Class C (NASDAQ:GOOG)

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