Alphabet (NASDAQ:GOOG) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Thursday. They presently have a $1,065.12 price target on the information services provider’s stock. Vetr‘s price target points to a potential upside of 3.32% from the stock’s current price.

Several other research firms have also weighed in on GOOG. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Royal Bank Of Canada reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Cantor Fitzgerald reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Robert W. Baird reissued an “outperform” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Saturday, September 23rd. Finally, Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-eight have assigned a buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and an average target price of $1,047.45.

Shares of Alphabet (NASDAQ:GOOG) traded up $12.55 on Thursday, hitting $1,030.93. The stock had a trading volume of 1,458,220 shares, compared to its average volume of 1,488,228. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. Alphabet has a twelve month low of $767.23 and a twelve month high of $1,062.38. The firm has a market capitalization of $698,379.25, a price-to-earnings ratio of 33.65 and a beta of 0.93.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.31 by $1.26. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The business had revenue of $27.77 billion for the quarter, compared to analyst estimates of $27.17 billion. During the same quarter in the prior year, the firm posted $9.06 earnings per share. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year.

In other Alphabet news, VP James Grier Campbell sold 183 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $959.26, for a total value of $175,544.58. 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 firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $958.40, for a total value of $3,833,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,396 shares of company stock valued at $38,242,981. 13.92% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of GOOG. Burt Wealth Advisors lifted 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 lifted 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. Farmers National Bank lifted 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. Archford Capital Strategies LLC lifted 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. Finally, Almanack Investment Partners LLC. lifted its position in shares of Alphabet by 4.5% in the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after buying an additional 7 shares during the last quarter. Hedge funds and other institutional investors own 34.74% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

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