Alphabet Inc. (NASDAQ:GOOG)‘s stock had its “outperform” rating reiterated by stock analysts at Credit Suisse Group in a research report issued to clients and investors on Thursday.

GOOG has been the subject of several other research reports. Citigroup Inc. restated a “buy” rating and issued a $1,180.00 price objective on shares of Alphabet in a research note on Thursday, July 27th. Deutsche Bank AG restated a “buy” rating on shares of Alphabet in a research note on Monday, June 12th. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $995.83 price objective for the company in a research note on Monday, June 26th. BidaskClub upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Finally, Robert W. Baird restated an “outperform” rating and issued a $1,100.00 price objective on shares of Alphabet in a research note on Saturday, August 26th. One research 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 stock has a consensus rating of “Buy” and a consensus target price of $1,030.53.

Shares of Alphabet (NASDAQ:GOOG) traded up 1.11% during trading on Thursday, reaching $939.90. The company had a trading volume of 967,101 shares. The stock’s 50-day moving average price is $934.52 and its 200-day moving average price is $896.81. Alphabet has a 52 week low of $727.54 and a 52 week high of $988.25. The company has a market capitalization of $651.24 billion, a PE ratio of 34.06 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The company had revenue of $26.01 billion during the quarter, compared to the consensus estimate of $25.61 billion. During the same quarter in the prior year, the firm posted $8.42 earnings per share. Alphabet’s revenue for the quarter was up 21.0% on a year-over-year basis. On average, equities analysts expect that Alphabet will post $30.59 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/08/31/alphabet-inc-goog-rating-reiterated-by-credit-suisse-group.html.

In related news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $981.45, for a total transaction of $3,925,800.00. Following the sale, the chief executive officer now owns 2,058 shares in the company, valued at $2,019,824.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director L John Doerr sold 13,556 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $922.15, for a total transaction of $12,500,665.40. Following the sale, the director now owns 3,485 shares in the company, valued at approximately $3,213,692.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,964 shares of company stock worth $44,007,763. 13.92% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in GOOG. 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 worth $123,000 after buying an additional 20 shares during the period. 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 worth $124,000 after buying an additional 5 shares during the period. 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 worth $128,000 after buying an additional 40 shares during the period. 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 worth $134,000 after buying an additional 21 shares during the period. 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 worth $139,000 after buying an additional 832 shares during the period. Institutional investors own 34.54% 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.

Analyst Recommendations for Alphabet (NASDAQ:GOOG)

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.