Alphabet (NASDAQ:GOOGL) Price Target Raised to $202.00

Alphabet (NASDAQ:GOOGL) had its price target raised by Roth Mkm from $164.00 to $202.00 in a research report report published on Friday morning, Benzinga reports. Roth Mkm currently has a buy rating on the information services provider’s stock.

Several other analysts have also recently commented on the stock. Raymond James raised their price target on shares of Alphabet from $160.00 to $200.00 and gave the stock an outperform rating in a report on Friday. Needham & Company LLC raised their price target on shares of Alphabet from $160.00 to $210.00 and gave the stock a buy rating in a report on Friday. Rosenblatt Securities raised their price target on shares of Alphabet from $172.00 to $182.00 and gave the stock a buy rating in a report on Friday. Sanford C. Bernstein lifted their target price on shares of Alphabet from $165.00 to $180.00 and gave the company a market perform rating in a research note on Friday. Finally, Evercore ISI lifted their target price on shares of Alphabet from $160.00 to $220.00 and gave the company an outperform rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet has a consensus rating of Moderate Buy and a consensus target price of $187.82.

Alphabet Stock Performance

Shares of GOOGL opened at $171.95 on Friday. 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 stock has a market cap of $2.14 trillion, a price-to-earnings ratio of 26.37, a PEG ratio of 1.43 and a beta of 1.05. The company has a 50-day moving average of $147.85 and a two-hundred day moving average of $141.39. Alphabet has a one year low of $103.54 and a one year high of $174.71.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a net margin of 25.90% and a return on equity of 30.01%. During the same period last year, the company posted $1.05 earnings per share. On average, equities research analysts expect that Alphabet will post 6.79 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the transaction, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total value of $2,985,750.00. Following the sale, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at approximately $309,548,095.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 2,100 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the sale, the director now directly owns 5,891 shares in the company, valued at approximately $1,035,402.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 253,439 shares of company stock valued at $36,746,578. 0.88% of the stock is owned by company insiders.

Institutional Investors Weigh In On Alphabet

Institutional investors and hedge funds have recently bought and sold shares of the business. Tributary Capital Management LLC acquired a new stake in shares of Alphabet in the 1st quarter valued at $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at $30,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Alphabet in the 4th quarter valued at $38,000. Richardson Capital Management LLC boosted its stake in shares of Alphabet by 87.5% in the 1st quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 140 shares in the last quarter. Finally, Meritage Group LP boosted its stake in shares of Alphabet by 1,061.5% in the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 276 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

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.