Sanford C. Bernstein reaffirmed their buy rating on shares of Alphabet Inc (NASDAQ:GOOGL) in a research note published on Tuesday morning, MarketBeat.Com reports.

A number of large investors recently modified their holdings of the company. Jennison Associates boosted its stake in shares of Alphabet by 36.6% in the third quarter. Jennison Associates now owns 2,742,844 shares of the company’s stock valued at $1,750,949,000 after buying an additional 734,667 shares during the last quarter. Candriam Luxembourg S.C.A. bought a new stake in shares of Alphabet during the fourth quarter valued at $118,382,000. USS Investment Management bought a new stake in shares of Alphabet during the fourth quarter valued at $108,002,000. Boston Advisors boosted its stake in shares of Alphabet by 342.1% in the fourth quarter. Boston Advisors now owns 148,527 shares of the company’s stock valued at $115,555,000 after buying an additional 114,934 shares during the last quarter. Finally, Churchill Management boosted its stake in shares of Alphabet by 627.6% in the fourth quarter. Churchill Management now owns 63,217 shares of the company’s stock valued at $49,183,000 after buying an additional 54,528 shares during the last quarter.

Other equities research analysts have also recently issued research reports about the company. B. Riley reiterated a buy rating and issued a $853.00 price objective (up previously from $778.00) on shares of Alphabet in a report on Friday, October 23rd. Axiom Securities increased their price objective on Alphabet from $850.00 to $900.00 and gave the stock a buy rating in a report on Tuesday, November 3rd. Nomura reiterated a buy rating and issued a $900.00 price objective on shares of Alphabet in a report on Wednesday. Evercore ISI increased their price objective on Alphabet from $840.00 to $915.00 and gave the stock a buy rating in a report on Wednesday, December 2nd. Finally, MKM Partners increased their price objective on Alphabet from $805.00 to $940.00 and gave the stock a buy rating in a report on Wednesday, November 11th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Alphabet presently has a consensus rating of Buy and a consensus price target of $831.98.

Alphabet (NASDAQ:GOOGL) traded down 2.21% on Tuesday, reaching $717.58. The company’s stock had a trading volume of 2,097,456 shares. Alphabet has a 12-month low of $503.48 and a 12-month high of $798.69. The stock has a market cap of $493.50 billion and a PE ratio of 30.25. The company’s 50 day moving average price is $753.03 and its 200-day moving average price is $704.52.

Alphabet Inc (NASDAQ:GOOGL) 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:GOOGL

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