Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) shot up 2.1% during trading on Friday . The company traded as high as $205.02 and last traded at $205.03. 7,625,077 shares were traded during trading, a decline of 68% from the average session volume of 23,771,451 shares. The stock had previously closed at $200.87.
Analyst Ratings Changes
Several research firms have recently weighed in on GOOGL. Royal Bank of Canada increased their price target on Alphabet from $204.00 to $210.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Citizens Jmp downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Needham & Company LLC upped their price target on shares of Alphabet from $210.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. KeyCorp lifted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. Finally, Loop Capital boosted their target price on shares of Alphabet from $170.00 to $185.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. Nine analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and an average price target of $211.00.
Get Our Latest Research Report on GOOGL
Alphabet Price Performance
The stock has a market cap of $2.46 trillion, a PE ratio of 26.69, a P/E/G ratio of 1.31 and a beta of 0.99. The business has a fifty day simple moving average of $188.97 and a two-hundred day simple moving average of $174.03. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.
Insider Transactions at Alphabet
In other news, Director Kavitark Ram Shriram sold 37,134 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the transaction, the director now directly owns 282,832 shares in the company, valued at $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O'toole sold 2,834 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total transaction of $550,702.88. Following the sale, the chief accounting officer now owns 17,847 shares of the company's stock, valued at approximately $3,468,029.04. This represents a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,189 shares of company stock valued at $22,182,696 in the last three months. 11.55% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Alphabet
A number of institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in shares of Alphabet by 43,005.6% in the third quarter. International Assets Investment Management LLC now owns 18,743,594 shares of the information services provider's stock worth $31,086,250,000 after acquiring an additional 18,700,111 shares during the period. SG Americas Securities LLC boosted its holdings in Alphabet by 587.4% in the third quarter. SG Americas Securities LLC now owns 10,690,326 shares of the information services provider's stock worth $1,772,991,000 after purchasing an additional 9,135,056 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Alphabet by 116.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,670,225 shares of the information services provider's stock worth $1,437,957,000 after purchasing an additional 4,662,809 shares during the period. JPMorgan Chase & Co. raised its stake in Alphabet by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock valued at $10,559,240,000 after buying an additional 4,567,275 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in Alphabet by 115.4% during the 2nd quarter. Clearbridge Investments LLC now owns 6,939,456 shares of the information services provider's stock valued at $1,264,022,000 after buying an additional 3,718,420 shares during 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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