Alphabet (NASDAQ:GOOGL) Trading Up 0.8%

Shares of Alphabet Inc. (NASDAQ:GOOGLGet Free Report) were up 0.8% during mid-day trading on Tuesday . The stock traded as high as $177.27 and last traded at $176.41. Approximately 8,016,154 shares changed hands during trading, a decline of 73% from the average daily volume of 29,478,979 shares. The stock had previously closed at $174.99.

Analysts Set New Price Targets

Several equities analysts have issued reports on GOOGL shares. Robert W. Baird raised their price objective on Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. BMO Capital Markets reissued an “outperform” rating and set a $215.00 price target on shares of Alphabet in a report on Wednesday, May 15th. Stifel Nicolaus reissued a “buy” rating and set a $196.00 price target on shares of Alphabet in a report on Wednesday, May 15th. Jefferies Financial Group raised their price target on Alphabet from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Raymond James raised their price target on Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.57.

Check Out Our Latest Report on Alphabet

Alphabet Trading Up 0.6 %

The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The business’s 50-day simple moving average is $161.35 and its two-hundred day simple moving average is $147.23. The company has a market capitalization of $2.17 trillion, a PE ratio of 27.06, a PEG ratio of 1.31 and a beta of 1.02.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. During the same period in the prior year, the company posted $1.17 EPS. On average, analysts predict that Alphabet Inc. will post 7.61 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.45%.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the transaction, the chief accounting officer now owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $136.49, for a total value of $93,086.18. Following the transaction, the chief accounting officer now owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the completion of the transaction, the chief executive officer now directly owns 2,332,691 shares in the company, valued at approximately $309,548,095.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 205,935 shares of company stock valued at $31,178,987. Insiders own 11.55% of the company’s stock.

Institutional Investors Weigh In On Alphabet

Several large investors have recently made changes to their positions in GOOGL. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Alphabet during the fourth quarter valued at approximately $30,000. Tributary Capital Management LLC bought a new stake in Alphabet during the first quarter worth approximately $30,000. DiNuzzo Private Wealth Inc. bought a new stake in Alphabet during the fourth quarter worth approximately $38,000. Meritage Group LP boosted its holdings in 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 in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. boosted its holdings in Alphabet by 59.2% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock worth $44,000 after buying an additional 109 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

About Alphabet

(Get Free Report)

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.

Further Reading

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