Alphabet (NASDAQ:GOOG - Get Free Report) issued its quarterly earnings data on Thursday. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.77, Zacks reports. The firm had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%.
Alphabet Stock Up 1.5 %
Alphabet stock traded up $2.38 during trading on Friday, reaching $163.85. 35,100,087 shares of the company's stock were exchanged, compared to its average volume of 19,459,690. Alphabet has a 52-week low of $142.66 and a 52-week high of $208.70. The firm has a market cap of $2.00 trillion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company's 50-day moving average is $164.25 and its two-hundred day moving average is $177.16.
Alphabet Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Monday, March 10th. Alphabet's payout ratio is currently 9.94%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on GOOG. Citizens Jmp cut Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Cantor Fitzgerald reissued a "neutral" rating and issued a $171.00 target price on shares of Alphabet in a research note on Friday. Morgan Stanley reaffirmed an "overweight" rating on shares of Alphabet in a research note on Wednesday, February 5th. Citigroup reissued a "sell" rating on shares of Alphabet in a research report on Wednesday. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $203.94.
Get Our Latest Stock Analysis on Alphabet
Insider Buying and Selling at Alphabet
In related news, CAO Amie Thuener O'toole sold 673 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares in the company, valued at approximately $2,377,014.99. The trade was a 4.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 17,690 shares of Alphabet stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the sale, the insider now owns 43,111 shares in the company, valued at $7,997,521.61. This represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 148,163 shares of company stock valued at $25,361,647 over the last three months. 12.99% of the stock is owned by company insiders.
Institutional Trading of Alphabet
An institutional investor recently raised its position in Alphabet stock. Brighton Jones LLC grew its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 120,253 shares of the information services provider's stock after purchasing an additional 6,410 shares during the quarter. Alphabet makes up approximately 0.7% of Brighton Jones LLC's holdings, making the stock its 22nd biggest holding. Brighton Jones LLC's holdings in Alphabet were worth $22,901,000 at the end of the most recent reporting period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.
Alphabet Company Profile
(
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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.
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