Shares of Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) were up 0.6% during mid-day trading on Friday . The company traded as high as $164.37 and last traded at $163.80. Approximately 11,350,889 shares changed hands during trading, a decline of 62% from the average daily volume of 29,716,154 shares. The stock had previously closed at $162.76.
Analysts Set New Price Targets
GOOGL has been the topic of several analyst reports. Piper Sandler lowered their price target on shares of Alphabet from $210.00 to $208.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group reissued a "buy" rating and issued a $210.00 price target on shares of Alphabet in a report on Thursday, December 12th. Morgan Stanley lowered their price target on shares of Alphabet from $215.00 to $210.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. DA Davidson boosted their price target on shares of Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a report on Friday, January 24th. Finally, Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus target price of $210.62.
View Our Latest Research Report on GOOGL
Alphabet Stock Performance
The stock has a market cap of $2.01 trillion, a P/E ratio of 20.51, a P/E/G ratio of 1.34 and a beta of 1.02. The company has a fifty day moving average price of $186.22 and a 200 day moving average price of $176.39. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results 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%. On average, equities analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.
Insider Activity
In other Alphabet news, CAO Amie Thuener O'toole sold 2,834 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $197.55, for a total value of $559,856.70. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at $4,085,531.55. This trade represents a 12.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,882 shares of company stock valued at $17,934,130 in the last 90 days. Insiders own 11.55% of the company's stock.
Institutional Trading of Alphabet
Large investors have recently modified their holdings of the business. Pettinga Financial Advisors LLC increased its stake in Alphabet by 10.1% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider's stock worth $363,000 after purchasing an additional 201 shares during the period. LCM Capital Management Inc increased its stake in Alphabet by 2.1% in the 3rd quarter. LCM Capital Management Inc now owns 20,940 shares of the information services provider's stock worth $3,473,000 after purchasing an additional 434 shares during the period. Pacific Wealth Strategies Group Inc. increased its stake in Alphabet by 23.1% in the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 26,930 shares of the information services provider's stock worth $4,466,000 after purchasing an additional 5,045 shares during the period. Lincluden Management Ltd. increased its stake in Alphabet by 0.9% in the 3rd quarter. Lincluden Management Ltd. now owns 50,204 shares of the information services provider's stock worth $8,326,000 after purchasing an additional 469 shares during the period. Finally, Norris Perne & French LLP MI increased its stake in Alphabet by 1.0% in the 3rd quarter. Norris Perne & French LLP MI now owns 418,256 shares of the information services provider's stock worth $69,368,000 after purchasing an additional 4,255 shares during the period. Institutional investors own 40.03% of the company's stock.
About Alphabet
(
Get Free Report)
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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