Alphabet Inc. (NASDAQ:GOOG)‘s stock had its “buy” rating restated by stock analysts at Morgan Stanley in a report released on Friday.

GOOG has been the topic of a number of other research reports. Cowen and Company reaffirmed an “outperform” rating and issued a $1,075.00 target price on shares of Alphabet in a research note on Thursday, August 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a research note on Monday, July 17th. Robert W. Baird reaffirmed an “outperform” rating on shares of Alphabet in a research note on Monday, July 3rd. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $1,036.51.

Alphabet (NASDAQ:GOOG) traded up 4.80% during trading on Friday, hitting $1019.27. The stock had a trading volume of 5,167,689 shares. Alphabet has a 12-month low of $727.54 and a 12-month high of $1,048.39. The stock’s 50 day moving average price is $957.73 and its 200 day moving average price is $935.53. The firm has a market cap of $706.23 billion, a P/E ratio of 36.94 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $8.31 by $1.26. The business had revenue of $27.77 billion for the quarter, compared to analyst estimates of $27.17 billion. Alphabet had a return on equity of 14.59% and a net margin of 20.09%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $9.06 EPS. On average, analysts anticipate that Alphabet will post $30.63 EPS for the current fiscal year.

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In related news, VP James Grier Campbell sold 184 shares of the firm’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 transaction of $171,557.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $930.46, for a total transaction of $3,721,840.00. Following the sale, the chief executive officer now owns 1,764 shares of the company’s stock, valued at $1,641,331.44. The disclosure for this sale can be found here. Insiders have sold 40,169 shares of company stock valued at $37,644,407 over the last 90 days. 13.92% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Beech Hill Advisors Inc. boosted its stake in Alphabet by 17.7% in the 3rd quarter. Beech Hill Advisors Inc. now owns 399 shares of the information services provider’s stock worth $383,000 after purchasing an additional 60 shares during the period. Eidelman Virant Capital boosted its stake in Alphabet by 10.6% in the 3rd quarter. Eidelman Virant Capital now owns 5,283 shares of the information services provider’s stock worth $5,066,000 after purchasing an additional 505 shares during the period. Heritage Investors Management Corp boosted its stake in Alphabet by 0.5% in the 3rd quarter. Heritage Investors Management Corp now owns 23,367 shares of the information services provider’s stock worth $22,412,000 after purchasing an additional 127 shares during the period. Tufton Capital Management boosted its stake in Alphabet by 1.4% in the 3rd quarter. Tufton Capital Management now owns 9,369 shares of the information services provider’s stock worth $8,986,000 after purchasing an additional 125 shares during the period. Finally, Bainco International Investors boosted its stake in Alphabet by 8.6% in the 3rd quarter. Bainco International Investors now owns 20,597 shares of the information services provider’s stock worth $19,755,000 after purchasing an additional 1,625 shares during the period. 34.50% of the stock is owned by hedge funds and other 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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