BidaskClub upgraded shares of Alphabet (NASDAQ:GOOG) from a hold rating to a buy rating in a report published on Tuesday.
Several other equities analysts have also weighed in on GOOG. Vetr lowered shares of Alphabet from a buy rating to a hold rating and set a $1,065.12 target price on the stock. in a report on Thursday, December 7th. Bank of America reiterated a buy rating and issued a $1,100.00 target price on shares of Alphabet in a report on Tuesday, September 26th. Royal Bank of Canada restated a buy rating on shares of Alphabet in a report on Friday, October 27th. SunTrust Banks started coverage on shares of Alphabet in a report on Wednesday, August 16th. They issued a buy rating and a $1,100.00 price objective on the stock. Finally, Morgan Stanley restated a buy rating on shares of Alphabet in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have assigned a buy rating to the company. Alphabet has a consensus rating of Buy and an average price target of $1,047.45.
Alphabet (NASDAQ:GOOG) opened at $1,040.48 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The firm has a market cap of $723,357.31, a PE ratio of 34.85 and a beta of 0.93. Alphabet has a 52-week low of $770.41 and a 52-week high of $1,062.38.
In other Alphabet news, Director Ann Mather sold 38 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $959.26, for a total value of $36,451.88. Following the sale, the director now directly owns 1,797 shares of the company’s stock, valued at approximately $1,723,790.22. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $958.40, for a total transaction of $3,833,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,900 shares of company stock worth $36,837,100. 13.92% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in GOOG. Burt Wealth Advisors boosted its stake in Alphabet by 17.2% during the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after purchasing an additional 20 shares during the period. Signature Estate & Investment Advisors LLC lifted its stake in shares of Alphabet by 3.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after acquiring an additional 5 shares during the period. Almanack Investment Partners LLC. lifted its stake in shares of Alphabet by 4.5% in the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after acquiring an additional 7 shares during the period. St. Johns Investment Management Company LLC lifted its stake in shares of Alphabet by 1,046.7% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after acquiring an additional 157 shares during the period. Finally, Catamount Wealth Management lifted its stake in shares of Alphabet by 5.8% in the 2nd quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock worth $165,000 after acquiring an additional 10 shares during the period. 34.74% of the stock is currently owned by institutional investors.
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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.
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