Alphabet Inc. (NASDAQ:GOOGL - Get Free Report)'s share price traded up 1.5% during mid-day trading on Tuesday . The stock traded as high as $170.32 and last traded at $170.16. 6,406,866 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 25,875,971 shares. The stock had previously closed at $167.68.
Analyst Upgrades and Downgrades
GOOGL has been the subject of several analyst reports. DZ Bank downgraded Alphabet from a "buy" rating to a "hold" rating and set a $198.00 target price for the company. in a report on Thursday, February 6th. JMP Securities reiterated a "market perform" rating on shares of Alphabet in a research report on Wednesday, February 5th. JPMorgan Chase & Co. reduced their target price on Alphabet from $232.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Roth Mkm reiterated a "buy" rating and set a $220.00 price target on shares of Alphabet in a report on Wednesday, March 19th. Finally, DA Davidson raised their price objective on Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and an average price target of $210.59.
Read Our Latest Stock Analysis on Alphabet
Alphabet Price Performance
The company has a 50 day moving average of $181.11 and a 200 day moving average of $176.78. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.01 trillion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 1.34 and a beta of 1.02.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS 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%. Equities research analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.
Alphabet Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio is 9.94%.
Insider Buying and Selling at Alphabet
In related news, CAO Amie Thuener O'toole sold 1,368 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at approximately $3,961,445.55. This represents a 6.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 16,820 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the sale, the insider now owns 43,981 shares of the company's stock, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 93,048 shares of company stock worth $17,374,274. Insiders own 11.55% of the company's stock.
Institutional Investors Weigh In On Alphabet
A number of hedge funds and other institutional investors have recently modified their holdings of GOOGL. FMR LLC grew its position in Alphabet by 9.8% during the fourth quarter. FMR LLC now owns 248,416,916 shares of the information services provider's stock worth $47,025,322,000 after buying an additional 22,100,902 shares in the last quarter. State Street Corp lifted its position in shares of Alphabet by 0.3% during the 3rd quarter. State Street Corp now owns 222,555,548 shares of the information services provider's stock valued at $36,910,838,000 after acquiring an additional 743,369 shares during the period. Geode Capital Management LLC grew its holdings in shares of Alphabet by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider's stock worth $22,154,651,000 after purchasing an additional 2,626,431 shares in the last quarter. Norges Bank bought a new position in shares of Alphabet in the fourth quarter worth $24,383,677,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Alphabet by 8.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 98,638,127 shares of the information services provider's stock valued at $18,672,198,000 after purchasing an additional 7,574,417 shares in the last quarter. Institutional investors and hedge funds 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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