Alphabet Inc (NASDAQ:GOOG) had its target price boosted by equities research analysts at SunTrust to $875.00 in a research note issued on Tuesday, Analyst Ratings Net reports. SunTrust’s price target points to a potential upside of 16.36% from the company’s current price.

Alphabet (NASDAQ:GOOG) opened at 752.00 on Tuesday. Alphabet has a 12 month low of $515.18 and a 12 month high of $779.98. The stock has a 50 day moving average of $733.54 and a 200-day moving average of $684.32. The company has a market cap of $517.17 billion and a P/E ratio of 31.70.

Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, February 1st. The company reported $8.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $8.09 by $0.58. The company had revenue of $21.33 billion for the quarter, compared to analyst estimates of $20.78 billion. Equities research analysts expect that Alphabet will post $28.97 EPS for the current year.

Several hedge funds and institutional investors have recently modified their holdings of GOOG. Janus Capital Management boosted its position in shares of Alphabet by 5.4% in the third quarter. Janus Capital Management now owns 3,394,043 shares of the company’s stock valued at $2,065,028,000 after buying an additional 172,383 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Alphabet by 1.7% in the fourth quarter. American Century Companies Inc. now owns 915,671 shares of the company’s stock valued at $694,884,000 after buying an additional 15,499 shares in the last quarter. Vontobel Asset Management boosted its position 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. California State Teachers Retirement System boosted its position in shares of Alphabet by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 545,111 shares of the company’s stock valued at $413,674,000 after buying an additional 8,624 shares in the last quarter. Finally, Sarasin & Partners purchased a new position in shares of Alphabet during the fourth quarter valued at about $224,361,000.

Several other research analysts also recently weighed in on GOOG. Piper Jaffray upped their price objective on shares of Alphabet to $911.00 in a report on Tuesday. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $771.73 price objective on the stock in a report on Monday, January 11th. Societe Generale set a $910.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a report on Friday, January 22nd. Citigroup Inc. set a $890.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a report on Wednesday, January 27th. Finally, RBC Capital upped their target price on shares of Alphabet to $1,000.00 in a research note on Tuesday. Five analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and an average price target of $838.25.

In other Alphabet news, CEO Lawrence Page sold 33,332 shares of Alphabet stock in a transaction that occurred on Monday, February 1st. The shares were sold at an average price of $759.39, for a total transaction of $25,311,987.48. Following the transaction, the chief executive officer now directly owns 14,000 shares of the company’s stock, valued at $10,631,460. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David C. Drummond sold 5,290 shares of Alphabet stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $745.36, for a total transaction of $3,942,954.40. Following the transaction, the senior vice president now directly owns 306 shares in the company, valued at $228,080.16. The disclosure for this sale can be found here.

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.

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