Alphabet Inc (NASDAQ:GOOG) has received a consensus recommendation of “Buy” from the forty-seven research firms that are presently covering the company, AnalystRatingsNetwork.com reports. Five research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $828.11.

A number of research firms have commented on GOOG. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $771.73 target price for the company in a report on Monday, January 11th. Societe Generale set a $910.00 target price on Alphabet and gave the company a “buy” rating in a report on Friday, January 22nd. Citigroup Inc. set a $890.00 target price on Alphabet and gave the company a “buy” rating in a report on Wednesday. Jefferies Group reissued a “buy” rating and issued a $900.00 target price on shares of Alphabet in a report on Monday, January 11th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $950.00 price target on shares of Alphabet in a research report on Tuesday.

In related news, SVP David C. Drummond sold 5,290 shares of Alphabet stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $745.36, for a total transaction of $3,942,954.40. Following the sale, the senior vice president now directly owns 306 shares in the company, valued at $228,080.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director L John Doerr sold 4,619 shares of Alphabet stock in a transaction dated Monday, November 16th. The shares were sold at an average price of $721.69, for a total transaction of $3,333,486.11. Following the sale, the director now owns 3,509 shares in the company, valued at $2,532,410.21. The disclosure for this sale can be found here.

Several large investors recently modified their holdings of the stock. Jennison Associates boosted its stake in shares of Alphabet by 27.6% in the third quarter. Jennison Associates now owns 2,770,771 shares of the company’s stock worth $1,685,792,000 after buying an additional 598,805 shares in the last quarter. Baker Avenue Asset Management boosted its stake in shares of Alphabet by 1.0% in the third quarter. Baker Avenue Asset Management now owns 4,677 shares of the company’s stock worth $2,846,000 after buying an additional 46 shares in the last quarter. Terra Nova Asset Management bought a new stake in shares of Alphabet during the third quarter worth $359,000. Gerstein Fisher boosted its stake in shares of Alphabet by 3.6% in the third quarter. Gerstein Fisher now owns 6,454 shares of the company’s stock worth $3,927,000 after buying an additional 223 shares in the last quarter. Finally, Modera Wealth Management bought a new stake in shares of Alphabet during the third quarter worth $224,000.

Shares of Alphabet (NASDAQ:GOOG) opened at 730.96 on Tuesday. The company has a 50-day moving average of $733.34 and a 200 day moving average of $679.89. The stock has a market cap of $502.70 billion and a price-to-earnings ratio of 30.81. Alphabet has a one year low of $514.11 and a one year high of $779.98.

Alphabet Inc (NASDAQ:GOOG) is a collection of Companies. The Company’s collection include Calico, Google’s health and longevity effort; Nest its connected home business; Fiber, its gigabit internet arm; and its investment divisions such as Google Ventures and Google Capital, and incubator projects, such as Google X. These will be managed separately in Alphabet. On October 2, 2015, Google implemented a holding company reorganization pursuant to the Agreement and Plan of Merger (the Merger Agreement), dated as of October 2, 2015, among Google, Alphabet and Maple Technologies Inc., a Delaware corporation (Merger Sub), which resulted in Alphabet owning all of the outstanding capital stock of Google. Pursuant to the Alphabet Merger, Merger Sub, a direct, wholly owned subsidiary of Alphabet and an indirect, wholly owned subsidiary of Google, merged with and into Google, with Google surviving as a direct, wholly owned subsidiary of Alphabet.

12 Month Chart for NASDAQ:GOOG

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