Alphabet Inc Class C (GOOG) Receives “Buy” Rating from Robert W. Baird

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Robert W. Baird reiterated their buy rating on shares of Alphabet Inc Class C (NASDAQ:GOOG) in a research report report published on Monday morning.

GOOG has been the topic of a number of other reports. BidaskClub upgraded shares of Alphabet Inc Class C from a hold rating to a buy rating in a research note on Thursday, August 30th. Jefferies Financial Group reiterated a buy rating on shares of Alphabet Inc Class C in a research note on Monday, July 16th. Morgan Stanley reiterated a buy rating on shares of Alphabet Inc Class C in a research note on Friday, May 18th. Nomura reiterated a buy rating on shares of Alphabet Inc Class C in a research note on Wednesday, July 11th. Finally, Goldman Sachs Group reiterated a $1,186.96 rating on shares of Alphabet Inc Class C in a research note on Thursday, July 19th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $1,245.96.

GOOG opened at $1,171.44 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.13 and a current ratio of 4.15. The stock has a market capitalization of $847.79 billion, a price-to-earnings ratio of 29.75 and a beta of 1.11. Alphabet Inc Class C has a twelve month low of $909.70 and a twelve month high of $1,273.89.

Alphabet Inc Class C (NASDAQ:GOOG) last released its earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $9.66 by $2.09. The firm had revenue of $32.66 billion for the quarter, compared to analysts’ expectations of $32.13 billion. Alphabet Inc Class C had a net margin of 13.16% and a return on equity of 18.24%. The company’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the company earned $5.01 earnings per share.

In other news, VP Amie Thuener O’toole sold 73 shares of the business’s stock in a transaction that occurred on Tuesday, July 3rd. The shares were sold at an average price of $1,135.82, for a total value of $82,914.86. Following the sale, the vice president now owns 388 shares of the company’s stock, valued at $440,698.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $1,179.07, for a total transaction of $11,790,700.00. Following the sale, the chief executive officer now directly owns 587 shares in the company, valued at approximately $692,114.09. The disclosure for this sale can be found here. In the last three months, insiders sold 88,362 shares of company stock worth $105,376,354. Insiders own 13.11% of the company’s stock.

A number of institutional investors have recently bought and sold shares of GOOG. Cetera Advisors LLC increased its holdings in shares of Alphabet Inc Class C by 6.3% in the 1st quarter. Cetera Advisors LLC now owns 5,149 shares of the information services provider’s stock worth $5,181,000 after buying an additional 303 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Alphabet Inc Class C by 349.3% in the 1st quarter. Point72 Asset Management L.P. now owns 38,146 shares of the information services provider’s stock worth $39,359,000 after buying an additional 53,446 shares during the last quarter. MainStreet Investment Advisors LLC bought a new position in shares of Alphabet Inc Class C in the 4th quarter worth $1,219,000. DnB Asset Management AS increased its holdings in shares of Alphabet Inc Class C by 6.2% in the 2nd quarter. DnB Asset Management AS now owns 37,615 shares of the information services provider’s stock worth $41,965,000 after buying an additional 2,200 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Alphabet Inc Class C in the 1st quarter worth $182,757,000. 34.31% of the stock is currently owned by institutional investors and hedge funds.

About Alphabet Inc Class C

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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Analyst Recommendations for Alphabet Inc Class C (NASDAQ:GOOG)

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