Alphabet Inc. (NASDAQ:GOOG)‘s stock had its “buy” rating reiterated by investment analysts at Wells Fargo & Company in a research report issued on Friday.

Several other equities research analysts also recently weighed in on the stock. J P Morgan Chase & Co reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, June 28th. Vetr downgraded shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,033.60 target price for the company. in a research report on Wednesday, August 30th. Canaccord Genuity downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,000.00 target price for the company. in a research report on Thursday, June 15th. They noted that the move was a valuation call. Finally, UBS AG reissued a “buy” rating and issued a $1,080.00 target price on shares of Alphabet in a research report on Monday, September 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $1,034.31.

Alphabet (GOOG) traded up 0.19% during trading on Friday, reaching $971.81. 335,001 shares of the company’s stock traded hands. The stock has a market capitalization of $673.35 billion, a P/E ratio of 35.22 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 price of $930.85 and a 200 day moving average price of $917.72.

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

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In other Alphabet news, VP James Grier Campbell sold 184 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $932.38, for a total value of $171,557.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $969.92, for a total transaction of $3,879,680.00. Following the completion of the sale, the chief executive officer now directly owns 1,536 shares of the company’s stock, valued at $1,489,797.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,694 shares of company stock worth $39,941,804. Company insiders own 13.92% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Private Asset Management Inc. grew its position in Alphabet by 0.9% in the third quarter. Private Asset Management Inc. now owns 8,671 shares of the information services provider’s stock worth $8,671,000 after acquiring an additional 78 shares in the last quarter. Curbstone Financial Management Corp grew its position in Alphabet by 100.6% in the third quarter. Curbstone Financial Management Corp now owns 3,184 shares of the information services provider’s stock worth $3,054,000 after acquiring an additional 1,597 shares in the last quarter. Bridges Investment Management Inc. grew its position in Alphabet by 1.7% in the third quarter. Bridges Investment Management Inc. now owns 10,185 shares of the information services provider’s stock worth $9,769,000 after acquiring an additional 172 shares in the last quarter. Perpetual Ltd grew its position in Alphabet by 186.1% in the second quarter. Perpetual Ltd now owns 68,392 shares of the information services provider’s stock worth $63,068,000 after acquiring an additional 44,488 shares in the last quarter. Finally, MPS Loria Financial Planners LLC bought a new stake in Alphabet in the second quarter worth approximately $478,000. 34.53% of the stock is owned by institutional investors.

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)

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