Vetr cut shares of Alphabet Inc (NASDAQ:GOOG) from a buy rating to a hold rating in a research note published on Thursday morning, AnalystRatingsNetwork.com reports. Vetr currently has $749.85 price objective on the stock.

Alphabet (NASDAQ:GOOG) opened at 730.96 on Thursday. The stock has a market cap of $502.70 billion and a PE ratio of 30.81. Alphabet has a 52 week low of $514.11 and a 52 week high of $779.98. The stock has a 50 day moving average price of $733.34 and a 200 day moving average price of $679.89.

In related news, CEO Lawrence Page sold 33,332 shares of the stock in a transaction dated Monday, November 16th. The stock was sold at an average price of $732.59, for a total value of $24,418,689.88. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $54,944,250. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David C. Drummond sold 5,290 shares of the stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $745.36, for a total value of $3,942,954.40. Following the completion of the sale, the senior vice president now directly owns 306 shares of the company’s stock, valued at $228,080.16. The disclosure for this sale can be found here.

Other large investors have made changes to their positions in the company. EQIS Capital Management acquired a new stake in shares of Alphabet during the fourth quarter valued at about $1,334,000. Curbstone Financial Management increased its stake in shares of Alphabet by 93.5% in the fourth quarter. Curbstone Financial Management now owns 3,134 shares of the company’s stock valued at $2,378,000 after buying an additional 1,514 shares in the last quarter. Lenox Wealth Advisors increased its stake in shares of Alphabet by 25.5% in the fourth quarter. Lenox Wealth Advisors now owns 369 shares of the company’s stock valued at $280,000 after buying an additional 75 shares in the last quarter. Union Bankshares acquired a new stake in shares of Alphabet during the fourth quarter valued at about $342,000. Finally, Vontobel Asset Management increased its stake in shares of Alphabet by 9.0% in the fourth quarter. Vontobel Asset Management now owns 740,161 shares of the company’s stock valued at $581,880,000 after buying an additional 61,000 shares in the last quarter.

Several other analysts have also recently commented on GOOG. Deutsche Bank lifted their price target on Alphabet from $840.00 to $900.00 and gave the company a buy rating in a report on Friday, October 23rd. Oppenheimer upgraded Alphabet from a market perform rating to an outperform rating and lifted their price target for the company from $670.00 to $700.00 in a report on Friday, October 2nd. SunTrust restated a buy rating and issued a $770.00 price target on shares of Alphabet in a report on Wednesday, October 21st. Morgan Stanley restated an overweight rating and issued a $820.00 price target on shares of Alphabet in a report on Saturday, October 24th. Finally, Goldman Sachs restated a buy rating and issued a $850.00 price target (up previously from $800.00) on shares of Alphabet in a report on Saturday, October 24th. Five investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $825.66.

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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