Alphabet (NASDAQ:GOOGL) Price Target Cut to $160.00 by Analysts at DA Davidson

Alphabet (NASDAQ:GOOGL - Get Free Report) had its price objective lowered by equities researchers at DA Davidson from $200.00 to $160.00 in a research note issued to investors on Monday, Marketbeat reports. The brokerage presently has a "neutral" rating on the information services provider's stock. DA Davidson's target price indicates a potential upside of 5.90% from the stock's current price. DA Davidson also issued estimates for Alphabet's Q1 2025 earnings at $1.96 EPS, FY2025 earnings at $8.43 EPS and FY2026 earnings at $9.49 EPS.

A number of other research analysts also recently weighed in on the company. Roth Mkm reissued a "buy" rating and issued a $220.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Wolfe Research increased their target price on Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Needham & Company LLC restated a "buy" rating and set a $225.00 target price on shares of Alphabet in a research report on Wednesday, February 5th. Stifel Nicolaus increased their price target on shares of Alphabet from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Finally, DZ Bank cut shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price objective for the company. in a report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $200.74.

Alphabet Price Performance

Shares of GOOGL stock traded down $2.25 during trading hours on Monday, reaching $151.08. 32,930,996 shares of the company were exchanged, compared to its average volume of 28,329,951. Alphabet has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock's fifty day moving average is $165.82 and its two-hundred day moving average is $175.88. The company has a market cap of $1.84 trillion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Sell-side analysts forecast that Alphabet will post 8.9 earnings per share for the current fiscal year.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 1,340 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the transaction, the chief accounting officer now owns 17,848 shares of the company's stock, valued at $3,606,723.84. This represents a 6.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,717,696 shares of the company's stock, valued at $430,917,877.76. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,163 shares of company stock worth $25,361,647 in the last ninety days. 11.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On Alphabet

Institutional investors have recently added to or reduced their stakes in the business. Compass Planning Associates Inc acquired a new position in shares of Alphabet in the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after purchasing an additional 166 shares in the last quarter. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet during the fourth quarter valued at about $39,000. PayPay Securities Corp boosted its stake in Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. Finally, Denver PWM LLC grew its holdings in Alphabet by 25.4% during the third quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock worth $47,000 after buying an additional 57 shares in the last quarter. 40.03% of the stock is owned by 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.