Alphabet Inc. (NASDAQ:GOOGL) Receives $209.82 Average PT from Analysts

Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the forty-three ratings firms that are presently covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation, thirty have assigned a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $209.82.

A number of analysts have commented on GOOGL shares. Loop Capital increased their price objective on shares of Alphabet from $170.00 to $185.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. JMP Securities restated a "market perform" rating on shares of Alphabet in a report on Monday. Citizens Jmp downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Wolfe Research raised their price target on shares of Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Finally, Roth Mkm raised their price target on shares of Alphabet from $206.00 to $212.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th.

Alphabet Price Performance

GOOGL stock traded up $5.46 during mid-day trading on Thursday, reaching $200.87. The company's stock had a trading volume of 24,280,524 shares, compared to its average volume of 24,644,781. The stock has a market cap of $2.46 trillion, a PE ratio of 26.64, a P/E/G ratio of 1.27 and a beta of 0.98. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet has a fifty-two week low of $130.66 and a fifty-two week high of $202.29. The company's 50 day moving average is $187.53 and its two-hundred day moving average is $173.84.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter in the prior year, the firm earned $1.55 EPS. Equities research analysts expect that Alphabet will post 8.02 EPS for the current year.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,367 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $171.42, for a total value of $234,331.14. Following the completion of the sale, the chief accounting officer now directly owns 26,349 shares of the company's stock, valued at approximately $4,516,745.58. This represents a 4.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the company's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the sale, the insider now directly owns 43,981 shares of the company's stock, valued at $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 122,997 shares of company stock worth $22,492,464 over the last 90 days. Corporate insiders own 11.55% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC grew its position in Alphabet by 10.9% during the second quarter. Axxcess Wealth Management LLC now owns 203,376 shares of the information services provider's stock worth $36,306,000 after buying an additional 19,961 shares during the period. L & S Advisors Inc grew its position in Alphabet by 77.3% during the second quarter. L & S Advisors Inc now owns 106,052 shares of the information services provider's stock worth $19,317,000 after buying an additional 46,223 shares during the period. Foresight Global Investors Inc. grew its position in Alphabet by 14.3% during the second quarter. Foresight Global Investors Inc. now owns 8,972 shares of the information services provider's stock worth $1,634,000 after buying an additional 1,125 shares during the period. DecisionPoint Financial LLC grew its position in Alphabet by 25.0% during the second quarter. DecisionPoint Financial LLC now owns 1,211 shares of the information services provider's stock worth $208,000 after buying an additional 242 shares during the period. Finally, Turiya Advisors Asia Ltd acquired a new position in Alphabet during the second quarter worth about $109,836,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

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.