Alphabet Inc (NASDAQ:GOOG)‘s stock had its “buy” rating reiterated by investment analysts at Bank of America in a report issued on Tuesday, Marketbeat reports. They currently have a $905.00 price objective on the stock. Bank of America’s target price indicates a potential upside of 20.35% from the stock’s previous close.

A number of other brokerages have also weighed in on GOOG. Susquehanna reissued a “positive” rating and issued a $950.00 target price (up previously from $875.00) on shares of Alphabet in a research report on Tuesday. Barclays set a $900.00 target price on Alphabet and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating and set a $820.00 price target on shares of Alphabet in a research report on Saturday, October 24th. Vetr lowered shares of Alphabet from a “hold” rating to a “sell” rating and set a $704.17 price target for the company. in a research report on Friday, November 6th. Finally, Goldman Sachs reaffirmed a “buy” rating and set a $890.00 price target (up previously from $850.00) on shares of Alphabet in a research report on Tuesday. Five investment 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 company presently has an average rating of “Buy” and an average target price of $883.13.

Shares of Alphabet (NASDAQ:GOOG) traded up 2.19% during midday trading on Tuesday, reaching $768.47. 5,504,410 shares of the company were exchanged. Alphabet has a 12-month low of $515.18 and a 12-month high of $789.87. The company has a 50 day moving average price of $733.54 and a 200-day moving average price of $684.32. The stock has a market capitalization of $528.50 billion and a P/E ratio of 32.39.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Monday, February 1st. The company reported $8.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $8.09 by $0.58. The business earned $21.33 billion during the quarter, compared to analysts’ expectations of $20.78 billion. On average, analysts forecast that Alphabet will post $34.24 earnings per share for the current fiscal year.

In other Alphabet news, CEO Lawrence Page sold 33,332 shares of the firm’s 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 owns 75,000 shares of the company’s stock, valued at $54,944,250. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP David C. Drummond sold 5,290 shares of the firm’s 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 approximately $228,080.16. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently made changes to their positions in the company. Trust Co. of Oklahoma boosted its position in shares of Alphabet by 0.3% in the fourth quarter. Trust Co. of Oklahoma now owns 1,183 shares of the company’s stock valued at $898,000 after buying an additional 4 shares during the last quarter. Stillwater Investment Management boosted its position in shares of Alphabet by 0.7% in the fourth quarter. Stillwater Investment Management now owns 1,301 shares of the company’s stock valued at $987,000 after buying an additional 9 shares during the last quarter. First Midwest Bank Trust Division boosted its position in shares of Alphabet by 1.9% in the fourth quarter. First Midwest Bank Trust Division now owns 633 shares of the company’s stock valued at $480,000 after buying an additional 12 shares during the last quarter. iAB Financial Bank boosted its position in shares of Alphabet by 2.2% in the fourth quarter. iAB Financial Bank now owns 701 shares of the company’s stock valued at $532,000 after buying an additional 15 shares during the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co boosted its position in shares of Alphabet by 1.1% in the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 1,355 shares of the company’s stock valued at $1,028,000 after buying an additional 15 shares during the last quarter.

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

Receive News & Ratings for Alphabet Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc and related companies with MarketBeat.com's FREE daily email newsletter.