Several other research firms have also commented on GOOG. Credit Agricole SA reiterated a buy rating on shares of Alphabet in a research note on Friday, September 23rd. Moffett Nathanson reiterated a buy rating and set a $925.00 price objective on shares of Alphabet in a research note on Friday, September 23rd. Wedbush lowered shares of Alphabet from a neutral rating to an underperform rating and boosted their price objective for the stock from $700.00 to $800.00 in a research note on Tuesday, September 27th. Vetr upgraded shares of Alphabet from a hold rating to a buy rating and set a $822.37 price objective for the company in a research note on Thursday, August 18th. Finally, RBC Capital Markets reiterated an outperform rating and set a $1,025.00 price objective (up previously from $1,000.00) on shares of Alphabet in a research note on Friday, September 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $926.55.
Shares of Alphabet (NASDAQ:GOOG) opened at 785.94 on Wednesday. The company has a 50 day moving average of $773.44 and a 200-day moving average of $740.67. The company has a market cap of $540.16 billion, a PE ratio of 30.45 and a beta of 1.03. Alphabet has a 12-month low of $641.73 and a 12-month high of $789.87.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, July 28th. The company reported $8.42 EPS for the quarter, topping the consensus estimate of $8.03 by $0.39. The firm earned $21.50 billion during the quarter, compared to analyst estimates of $20.74 billion. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. Alphabet’s revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.99 EPS. Equities research analysts anticipate that Alphabet will post $34.14 earnings per share for the current year.
In other news, VP James Grier Campbell sold 603 shares of Alphabet stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $767.18, for a total value of $462,609.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Sergey Brin sold 66,664 shares of Alphabet stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $785.10, for a total transaction of $52,337,906.40. Following the completion of the transaction, the insider now directly owns 28,200 shares in the company, valued at $22,139,820. The disclosure for this sale can be found here. Company insiders own 13.92% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC boosted its position in shares of Alphabet by 23.3% in the third quarter. Advisory Services Network LLC now owns 1,881 shares of the company’s stock worth $1,462,000 after buying an additional 355 shares during the last quarter. Simplex Trading LLC acquired a new position in shares of Alphabet during the third quarter worth approximately $10,291,000. Catawba Capital Management VA acquired a new position in shares of Alphabet during the third quarter worth approximately $221,000. Pure Financial Advisors Inc. acquired a new position in shares of Alphabet during the third quarter worth approximately $205,000. Finally, Woodstock Corp boosted its position in shares of Alphabet by 0.4% in the third quarter. Woodstock Corp now owns 9,916 shares of the company’s stock worth $7,708,000 after buying an additional 37 shares during the last quarter. 34.39% of the stock is currently owned by institutional investors and hedge funds.
Alphabet Company Profile
Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.
Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.