Alphabet Inc. (NASDAQ:GOOG)‘s stock had its “outperform” rating reaffirmed by investment analysts at Robert W. Baird in a report issued on Saturday. They presently have a $1,100.00 price objective on the information services provider’s stock. Robert W. Baird’s target price suggests a potential upside of 20.10% from the stock’s previous close.

A number of other brokerages also recently weighed in on GOOG. UBS AG reiterated a “buy” rating and issued a $1,080.00 price target on shares of Alphabet in a report on Tuesday, July 25th. Needham & Company LLC reiterated a “buy” rating and issued a $1,100.00 price target (up from $1,050.00) on shares of Alphabet in a report on Tuesday, July 25th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Finally, JMP Securities reiterated an “outperform” rating and issued a $1,077.00 price target on shares of Alphabet in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and forty-one have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $1,030.47.

Alphabet (NASDAQ:GOOG) traded down 0.59% during mid-day trading on Friday, reaching $915.89. 1,053,376 shares of the company were exchanged. The firm has a market capitalization of $634.60 billion, a P/E ratio of 33.19 and a beta of 0.94. Alphabet has a 1-year low of $727.54 and a 1-year high of $988.25. The stock has a 50-day moving average of $934.52 and a 200 day moving average of $896.81. Alphabet also saw unusually large options trading on Wednesday. Traders purchased 16,186 call options on the stock. This represents an increase of 162% compared to the average volume of 6,176 call options.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.58. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The company had revenue of $26.01 billion for the quarter, compared to the consensus estimate of $25.61 billion. During the same period in the previous year, the business earned $8.42 EPS. Alphabet’s revenue for the quarter was up 21.0% compared to the same quarter last year. Equities research analysts forecast that Alphabet will post $30.60 earnings per share for the current year.

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In other Alphabet news, Director Shirley M. Tilghman sold 525 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $938.09, for a total value of $492,497.25. Following the transaction, the director now directly owns 5,517 shares of the company’s stock, valued at approximately $5,175,442.53. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $926.79, for a total value of $3,707,160.00. Following the completion of the transaction, the chief executive officer now directly owns 1,389 shares in the company, valued at $1,287,311.31. The disclosure for this sale can be found here. Insiders have sold 47,169 shares of company stock worth $44,206,482 over the last three months. 13.92% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Burt Wealth Advisors raised its position in shares of Alphabet by 17.2% in the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after buying an additional 20 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its position in shares of Alphabet by 3.8% in the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after buying an additional 5 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its position in shares of Alphabet by 39.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after buying an additional 40 shares during the last quarter. Farmers National Bank raised its position in shares of Alphabet by 15.0% in the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after buying an additional 21 shares during the last quarter. Finally, Archford Capital Strategies LLC raised its position in shares of Alphabet by 400.0% in the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock valued at $139,000 after buying an additional 832 shares during the last quarter. 34.57% of the stock is currently owned by institutional investors.

Alphabet Company Profile

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)

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