Alphabet (NASDAQ:GOOGL) Trading Up 0%

Alphabet Inc. (NASDAQ:GOOGL)’s stock price was up 0% on Wednesday . The stock traded as high as $159.01 and last traded at $158.29. Approximately 6,242,282 shares traded hands during trading, a decline of 79% from the average daily volume of 29,671,053 shares. The stock had previously closed at $158.26.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GOOGL shares. Barclays dropped their target price on shares of Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, January 31st. KeyCorp raised their target price on shares of Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Monday. Wedbush reiterated an “outperform” rating and set a $175.00 price target on shares of Alphabet in a report on Wednesday, April 10th. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price target on shares of Alphabet in a report on Wednesday, January 31st. Finally, Redburn Atlantic lifted their price target on shares of Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $158.71.

Alphabet Stock Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a market capitalization of $1.98 trillion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. The stock has a 50-day moving average price of $146.69 and a 200-day moving average price of $140.93.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The firm had revenue of $86.31 billion during the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same period in the previous year, the company earned $1.05 earnings per share. On average, research analysts expect that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the sale, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the transaction, the chief accounting officer now directly owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the transaction, the director now owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The disclosure for this sale can be found here. Insiders sold a total of 251,339 shares of company stock valued at $36,377,482 over the last three months. 0.88% of the stock is owned by insiders.

Hedge Funds Weigh In On Alphabet

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tributary Capital Management LLC acquired a new position in shares of Alphabet during the first quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Alphabet during the fourth quarter worth approximately $30,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Alphabet during the fourth quarter worth approximately $38,000. Richardson Capital Management LLC boosted its position in shares of Alphabet by 87.5% during the first quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock worth $45,000 after buying an additional 140 shares during the period. Finally, Meritage Group LP boosted its position in shares of Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after buying an additional 276 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Company Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.