Alphabet Inc (NASDAQ:GOOG) has been assigned an average rating of “Buy” from the thirty-four ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $1,288.84.

GOOG has been the topic of a number of research analyst reports. Barclays restated a “buy” rating on shares of Alphabet in a research note on Friday, September 14th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research note on Wednesday, August 29th. DZ Bank restated a “buy” rating on shares of Alphabet in a research note on Thursday, October 18th. ValuEngine lowered Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, Macquarie restated a “buy” rating on shares of Alphabet in a research note on Monday, September 10th.

In related news, Director Ann Mather sold 24 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $1,206.20, for a total transaction of $28,948.80. Following the transaction, the director now directly owns 1,898 shares in the company, valued at approximately $2,289,367.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 80 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $1,193.80, for a total value of $95,504.00. Following the transaction, the chief accounting officer now owns 388 shares in the company, valued at $463,194.40. The disclosure for this sale can be found here. Insiders have sold a total of 67,359 shares of company stock worth $76,841,496 over the last quarter. Corporate insiders own 13.11% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. HC Financial Advisors Inc. purchased a new stake in Alphabet in the 4th quarter worth approximately $1,156,000. BlackRock Inc. lifted its holdings in Alphabet by 1.9% in the 1st quarter. BlackRock Inc. now owns 19,071,440 shares of the information services provider’s stock worth $19,677,721,000 after buying an additional 352,952 shares during the period. Canandaigua National Bank & Trust Co. lifted its holdings in Alphabet by 150.6% in the 1st quarter. Canandaigua National Bank & Trust Co. now owns 4,949 shares of the information services provider’s stock worth $5,106,000 after buying an additional 2,974 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Alphabet by 3.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 15,287 shares of the information services provider’s stock worth $15,773,000 after buying an additional 439 shares during the period. Finally, Cetera Advisors LLC lifted its holdings in Alphabet by 6.3% in the 1st quarter. Cetera Advisors LLC now owns 5,149 shares of the information services provider’s stock worth $5,181,000 after buying an additional 303 shares during the period. Institutional investors and hedge funds own 34.04% of the company’s stock.

GOOG traded down $0.17 during trading on Friday, reaching $1,064.54. 74,212 shares of the company were exchanged, compared to its average volume of 2,070,118. The stock has a market capitalization of $720.96 billion, a price-to-earnings ratio of 23.31 and a beta of 1.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. Alphabet has a 12-month low of $980.64 and a 12-month high of $1,273.89.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, topping analysts’ consensus estimates of $10.41 by $2.65. The business had revenue of $27.16 billion for the quarter. Alphabet had a return on equity of 19.40% and a net margin of 14.45%.

Alphabet Company Profile

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 (NASDAQ:GOOG)

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