Other equities analysts also recently issued research reports about the company. Raymond James restated an outperform rating and issued a $1,405.00 target price (up previously from $1,240.00) on shares of Alphabet in a research report on Tuesday, July 24th. Oppenheimer raised their target price on Alphabet from $1,350.00 to $1,450.00 and gave the company an outperform rating in a research report on Tuesday, July 24th. BidaskClub downgraded Alphabet from a buy rating to a hold rating in a research report on Friday, August 17th. Barclays reiterated a buy rating on shares of Alphabet in a research report on Monday, July 16th. Finally, Credit Suisse Group reiterated a buy rating on shares of Alphabet in a research report on Monday, July 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $1,301.81.
NASDAQ GOOG opened at $1,020.08 on Monday. The company has a market capitalization of $745.69 billion, a PE ratio of 31.83 and a beta of 1.11. Alphabet has a 1-year low of $980.64 and a 1-year high of $1,273.89. The company has a current ratio of 4.14, a quick ratio of 4.10 and a debt-to-equity ratio of 0.02.
In other news, CEO Sundar Pichai sold 10,000 shares of the business’s stock in a transaction dated Wednesday, October 17th. The stock was sold at an average price of $1,113.91, for a total value of $11,139,100.00. Following the completion of the sale, the chief executive officer now directly owns 532 shares of the company’s stock, valued at approximately $592,600.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Amie Thuener O’toole sold 80 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $1,206.20, for a total value of $96,496.00. Following the completion of the sale, the vice president now directly owns 388 shares of the company’s stock, valued at $468,005.60. The disclosure for this sale can be found here. Insiders have sold a total of 87,646 shares of company stock valued at $104,260,256 over the last ninety days. 13.11% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Ironwood Financial llc increased its position in Alphabet by 111.1% during the 3rd quarter. Ironwood Financial llc now owns 95 shares of the information services provider’s stock worth $113,000 after purchasing an additional 50 shares during the period. Braun Bostich & Associates Inc. acquired a new position in Alphabet during the 1st quarter worth approximately $107,000. Litman Gregory Asset Management LLC acquired a new position in Alphabet during the 1st quarter worth approximately $113,000. Patton Albertson Miller Group LLC acquired a new position in Alphabet during the 3rd quarter worth approximately $116,000. Finally, ELM Advisors LLC acquired a new position in Alphabet during the 3rd quarter worth approximately $138,000. 34.16% of the stock is owned by institutional investors and hedge funds.
Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.
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