Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) traded up 0.8% during mid-day trading on Monday . The company traded as high as $180.22 and last traded at $179.76. 4,885,847 shares traded hands during trading, a decline of 82% from the average session volume of 27,069,861 shares. The stock had previously closed at $178.35.
Analyst Ratings Changes
A number of analysts recently weighed in on GOOGL shares. Seaport Res Ptn raised Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Guggenheim upped their price objective on shares of Alphabet from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. Tigress Financial lifted their target price on shares of Alphabet from $210.00 to $220.00 and gave the stock a "strong-buy" rating in a research report on Thursday, September 26th. Bank of America upped their price target on shares of Alphabet from $206.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, Roth Mkm lifted their price objective on Alphabet from $206.00 to $212.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have issued a strong buy rating to the company. According to MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and an average target price of $205.90.
Get Our Latest Report on Alphabet
Alphabet Trading Up 1.1 %
The company has a 50-day moving average of $163.54 and a 200 day moving average of $169.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market cap of $2.21 trillion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.27 and a beta of 1.03.
Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same period in the previous year, the firm earned $1.55 earnings per share. Analysts predict that Alphabet Inc. will post 7.99 earnings per share for the current year.
Alphabet Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. Alphabet's payout ratio is 10.61%.
Insider Activity
In other news, SVP Prabhakar Raghavan sold 34,257 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the transaction, the senior vice president now directly owns 312,210 shares of the company's stock, valued at approximately $50,765,346. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the sale, the chief executive officer now owns 2,159,885 shares of the company's stock, valued at approximately $362,126,319.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 34,257 shares of the business's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the transaction, the senior vice president now directly owns 312,210 shares of the company's stock, valued at approximately $50,765,346. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 241,752 shares of company stock valued at $40,156,829. 11.55% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Alphabet
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. MorganRosel Wealth Management LLC increased its holdings in Alphabet by 3.6% during the 2nd quarter. MorganRosel Wealth Management LLC now owns 1,620 shares of the information services provider's stock worth $295,000 after purchasing an additional 57 shares during the last quarter. Hengehold Capital Management LLC grew its position in Alphabet by 0.8% in the 2nd quarter. Hengehold Capital Management LLC now owns 7,224 shares of the information services provider's stock worth $1,316,000 after purchasing an additional 60 shares during the last quarter. Christopher J. Hasenberg Inc raised its position in shares of Alphabet by 75.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider's stock worth $26,000 after buying an additional 60 shares in the last quarter. First PREMIER Bank lifted its position in Alphabet by 3.8% in the third quarter. First PREMIER Bank now owns 1,655 shares of the information services provider's stock worth $275,000 after purchasing an additional 61 shares during the period. Finally, Cutler Investment Counsel LLC boosted its stake in Alphabet by 1.7% during the 3rd quarter. Cutler Investment Counsel LLC now owns 3,663 shares of the information services provider's stock valued at $607,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.
About Alphabet
(
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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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