SunTrust reaffirmed their buy rating on shares of Alphabet Inc (NASDAQ:GOOGL) in a report released on Tuesday morning, ARN reports. SunTrust currently has a $850.00 target price on the stock.

Shares of Alphabet (NASDAQ:GOOGL) traded up 1.74% during midday trading on Tuesday, hitting $761.35. The stock had a trading volume of 3,790,395 shares. The company’s 50 day moving average is $750.90 and its 200 day moving average is $706.29. The company has a market cap of $523.60 billion and a PE ratio of 32.09. Alphabet has a 52-week low of $521.72 and a 52-week high of $798.69.

A number of other equities research analysts also recently commented on GOOGL. Vetr downgraded Alphabet from a buy rating to a hold rating and set a $815.27 target price on the stock. in a research report on Wednesday, December 30th. Mizuho reiterated a buy rating on shares of Alphabet in a research report on Wednesday, December 2nd. Evercore ISI boosted their target price on Alphabet from $840.00 to $915.00 and gave the stock a buy rating in a research report on Wednesday, December 2nd. Axiom Securities reiterated a buy rating on shares of Alphabet in a research report on Sunday, January 3rd. Finally, Deutsche Bank reiterated a buy rating on shares of Alphabet in a research report on Saturday, November 21st. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $833.26.

Several institutional investors recently added to or reduced their stakes in GOOGL. 1ST Source Bank raised its position in Alphabet by 11.0% in the fourth quarter. 1ST Source Bank now owns 7,158 shares of the company’s stock worth $5,569,000 after buying an additional 710 shares during the last quarter. Comgest Global Investors S.A.S. raised its position in Alphabet by 2.3% in the fourth quarter. Comgest Global Investors S.A.S. now owns 121,213 shares of the company’s stock worth $94,305,000 after buying an additional 2,756 shares during the last quarter. Penbrook Management LLC raised its position in Alphabet by 1.1% in the fourth quarter. Penbrook Management LLC now owns 2,327 shares of the company’s stock worth $1,810,000 after buying an additional 25 shares during the last quarter. Trust Co. of Vermont raised its position in Alphabet by 2.8% in the fourth quarter. Trust Co. of Vermont now owns 3,917 shares of the company’s stock worth $3,047,000 after buying an additional 105 shares during the last quarter. Finally, Linscomb & Williams Inc. raised its position in Alphabet by 4.1% in the fourth quarter. Linscomb & Williams Inc. now owns 1,772 shares of the company’s stock worth $1,379,000 after buying an additional 69 shares during the last quarter.

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.

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