Alphabet (NASDAQ:GOOG) Trading 1.5% Higher - Should You Buy?

Shares of Alphabet Inc. (NASDAQ:GOOG - Get Free Report) were up 1.5% on Tuesday . The company traded as high as $172.52 and last traded at $172.42. Approximately 3,584,410 shares changed hands during trading, a decline of 80% from the average daily volume of 17,844,933 shares. The stock had previously closed at $169.93.

Analysts Set New Price Targets

GOOG has been the subject of a number of recent analyst reports. Cantor Fitzgerald reissued a "neutral" rating on shares of Alphabet in a report on Wednesday, March 19th. Needham & Company LLC reiterated a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Oppenheimer boosted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Rosenblatt Securities reaffirmed a "neutral" rating on shares of Alphabet in a report on Wednesday, March 19th. Finally, Benchmark reissued a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus price target of $209.13.

Alphabet Stock Up 1.5 %

The firm has a market cap of $2.10 trillion, a PE ratio of 21.41, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm's 50 day moving average is $183.93 and its 200-day moving average is $178.30.

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Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, equities research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is 9.94%.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 200 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the sale, the director now owns 7,813 shares in the company, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 1,368 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total transaction of $262,040.40. Following the sale, the chief accounting officer now directly owns 20,681 shares of the company's stock, valued at approximately $3,961,445.55. This trade represents a 6.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,048 shares of company stock worth $17,374,274 in the last three months. Company insiders own 12.99% of the company's stock.

Institutional Investors Weigh In On Alphabet

Several institutional investors have recently bought and sold shares of the business. Weiss Asset Management LP purchased a new position in Alphabet in the 3rd quarter worth approximately $25,000. Fiduciary Advisors Inc. purchased a new position in shares of Alphabet in the fourth quarter valued at $27,000. LSV Asset Management acquired a new stake in Alphabet during the 4th quarter valued at $27,000. Safe Harbor Fiduciary LLC purchased a new stake in Alphabet during the 3rd quarter worth $33,000. Finally, WealthTrak Capital Management LLC acquired a new position in Alphabet in the 4th quarter worth $38,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

About Alphabet

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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