Alphabet (NASDAQ:GOOGL) Trading Up 0.3%

Alphabet Inc. (NASDAQ:GOOGL - Get Free Report)'s share price traded up 0.3% during mid-day trading on Tuesday . The company traded as high as $168.64 and last traded at $167.12. 4,890,522 shares were traded during trading, a decline of 83% from the average session volume of 28,033,213 shares. The stock had previously closed at $166.67.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GOOGL. Roth Mkm raised their price target on shares of Alphabet from $202.00 to $206.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. TD Securities raised their price target on shares of Alphabet from $200.00 to $220.00 in a research note on Wednesday, July 10th. Argus raised their price target on shares of Alphabet from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, July 16th. Royal Bank of Canada raised their price target on shares of Alphabet from $200.00 to $204.00 and gave the company an "outperform" rating in a research note on Wednesday, July 24th. Finally, Truist Financial raised their price target on shares of Alphabet from $190.00 to $196.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $203.74.

Alphabet Stock Up 0.3 %

The stock's fifty day simple moving average is $175.61 and its 200-day simple moving average is $162.69. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.07 trillion, a PE ratio of 25.63, a P/E/G ratio of 1.28 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The company had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $70.60 billion. During the same period in the previous year, the firm earned $1.44 EPS. As a group, sell-side analysts forecast that Alphabet Inc. will post 7.62 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 9th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, September 9th. Alphabet's dividend payout ratio (DPR) is presently 12.27%.

Insider Activity

In other news, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the sale, the senior vice president now owns 312,210 shares of the company's stock, valued at $50,765,346. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of the firm's stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $176.58, for a total value of $3,973,050.00. Following the completion of the sale, the chief executive officer now owns 2,235,511 shares of the company's stock, valued at $394,746,532.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 34,257 shares of the 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 owns 312,210 shares of the company's stock, valued at approximately $50,765,346. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 134,065 shares of company stock valued at $23,051,543. 11.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Alphabet

A number of institutional investors have recently added to or reduced their stakes in GOOGL. Christopher J. Hasenberg Inc increased its holdings in shares of Alphabet by 75.0% during the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider's stock valued at $26,000 after acquiring an additional 60 shares in the last quarter. Vermillion & White Wealth Management Group LLC bought a new position in shares of Alphabet during the fourth quarter valued at $30,000. Tributary Capital Management LLC bought a new position in shares of Alphabet during the first quarter valued at $30,000. Kings Path Partners LLC bought a new position in shares of Alphabet during the second quarter valued at $36,000. Finally, DiNuzzo Private Wealth Inc. bought a new position in shares of Alphabet during the fourth quarter valued at $38,000. Institutional investors own 40.03% of the company's stock.

Alphabet Company Profile

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.