Alphabet Inc (NASDAQ:GOOG) has been assigned a consensus rating of “Buy” from the forty-six analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $1,047.69.

A number of research firms have weighed in on GOOG. Vetr cut shares of Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price objective for the company. in a report on Wednesday, January 10th. BidaskClub raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a report on Thursday. Piper Jaffray Companies lifted their price objective on shares of Alphabet from $1,150.00 to $1,300.00 and gave the company an “overweight” rating in a report on Thursday. Finally, SunTrust Banks lifted their price objective on shares of Alphabet to $1,250.00 and gave the company a “buy” rating in a report on Friday.

In related news, Director L John Doerr sold 12,236 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total transaction of $12,499,930.52. Following the sale, the director now directly owns 3,485 shares of the company’s stock, valued at approximately $3,560,171.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $993.58, for a total transaction of $3,974,320.00. Following the sale, the chief executive officer now directly owns 1,471 shares in the company, valued at $1,461,556.18. The disclosure for this sale can be found here. Insiders sold a total of 36,900 shares of company stock worth $37,877,147 over the last three months. Insiders own 13.92% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Investment Advisory Services LLC grew its holdings in Alphabet by 0.4% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock worth $230,000 after acquiring an additional 1 shares in the last quarter. Capital Advantage Inc. grew its holdings in Alphabet by 0.4% during the 2nd quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock worth $248,000 after acquiring an additional 1 shares in the last quarter. Foster & Motley Inc. grew its holdings in Alphabet by 0.8% during the 2nd quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock worth $241,000 after acquiring an additional 2 shares in the last quarter. Saratoga Research & Investment Management grew its holdings in Alphabet by 1.2% during the 2nd quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock worth $234,000 after acquiring an additional 3 shares in the last quarter. Finally, Edge Wealth Management LLC grew its holdings in Alphabet by 0.9% during the 2nd quarter. Edge Wealth Management LLC now owns 340 shares of the information services provider’s stock worth $309,000 after acquiring an additional 3 shares in the last quarter. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet (NASDAQ GOOG) traded up $16.74 on Monday, reaching $1,122.26. 1,718,490 shares of the company’s stock were exchanged, compared to its average volume of 1,182,456. Alphabet has a one year low of $790.52 and a one year high of $1,124.29. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $782,650.00, a PE ratio of 37.38 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating analysts’ consensus estimates of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $27.77 billion during the quarter, compared to analysts’ expectations of $27.17 billion. During the same quarter in the previous year, the company earned $9.06 earnings per share. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis.

TRADEMARK VIOLATION NOTICE: “Alphabet Inc (GOOG) Given Consensus Recommendation of “Buy” by Brokerages” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/01/15/alphabet-inc-goog-given-consensus-recommendation-of-buy-by-brokerages.html.

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.