Alphabet Inc (NASDAQ:GOOG)‘s stock had its “buy” rating reissued by research analysts at Wells Fargo & Co in a research note issued on Tuesday.

A number of other equities research analysts also recently issued reports on the stock. Piper Jaffray Companies reissued an “overweight” rating on shares of Alphabet in a report on Monday. Aegis reissued a “buy” rating on shares of Alphabet in a report on Monday. Vetr upgraded shares of Alphabet from a “sell” rating to a “hold” rating and set a $907.74 price objective on the stock in a research report on Wednesday, May 17th. Deutsche Bank AG reiterated a “buy” rating and set a $1,250.00 price target on shares of Alphabet in a research report on Monday. Finally, MKM Partners reiterated a “buy” rating and set a $1,000.00 price target on shares of Alphabet in a research report on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and forty-one have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $976.27.

Analyst Recommendations for Alphabet (NASDAQ:GOOG)

Shares of Alphabet (NASDAQ:GOOG) traded up 0.70% during midday trading on Tuesday, reaching $948.47. 484,467 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $883.31 and a 200-day moving average price of $823.46. The stock has a market cap of $656.10 billion, a P/E ratio of 32.05 and a beta of 0.94. Alphabet has a 52-week low of $663.28 and a 52-week high of $951.47.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, April 27th. The information services provider reported $7.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $7.38 by $0.35. The business had revenue of $24.75 billion for the quarter, compared to the consensus estimate of $24.18 billion. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. The company’s revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.50 earnings per share. Analysts forecast that Alphabet will post $33.88 earnings per share for the current year.

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In other news, SVP David C. Drummond sold 2,000 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $945.65, for a total transaction of $1,891,300.00. Following the transaction, the senior vice president now owns 3,800 shares in the company, valued at approximately $3,593,470. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP James Grier Campbell sold 231 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $830.56, for a total transaction of $191,859.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,133 shares of company stock valued at $44,422,427. Company insiders own 13.92% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Alphabet by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,850,384 shares of the information services provider’s stock worth $16,467,085,000 after buying an additional 754,370 shares during the last quarter. BlackRock Inc. raised its position in shares of Alphabet by 2,553.3% in the first quarter. BlackRock Inc. now owns 17,231,526 shares of the information services provider’s stock worth $14,294,584,000 after buying an additional 16,582,087 shares during the last quarter. State Street Corp raised its position in shares of Alphabet by 0.3% in the first quarter. State Street Corp now owns 12,067,675 shares of the information services provider’s stock worth $10,010,859,000 after buying an additional 36,864 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Alphabet by 0.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 9,831,305 shares of the information services provider’s stock worth $7,641,775,000 after buying an additional 65,873 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Alphabet by 1.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 7,897,508 shares of the information services provider’s stock worth $6,138,654,000 after buying an additional 138,807 shares during the last quarter. Hedge funds and other institutional investors own 34.74% of the company’s stock.

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.

12 Month Chart for NASDAQ:GOOG

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