Alphabet (NASDAQ:GOOGL) Stock Price Up 0%

Alphabet Inc. (NASDAQ:GOOGL - Get Free Report)'s share price rose 0% during mid-day trading on Tuesday . The company traded as high as $166.42 and last traded at $166.18. Approximately 2,315,489 shares changed hands during trading, a decline of 92% from the average daily volume of 27,724,980 shares. The stock had previously closed at $166.16.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group raised their price objective on Alphabet from $215.00 to $220.00 in a research note on Tuesday, July 9th. Wedbush reaffirmed an "outperform" rating and set a $205.00 price objective on shares of Alphabet in a research note on Monday, July 22nd. Citigroup boosted their price objective on shares of Alphabet from $190.00 to $212.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Tigress Financial lifted their price target on shares of Alphabet from $176.00 to $210.00 and gave the stock a "strong-buy" rating in a research note on Friday, May 24th. Finally, JMP Securities reiterated a "market outperform" rating and set a $200.00 price target on shares of Alphabet in a report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $203.74.

Alphabet Stock Performance

The firm has a market cap of $2.04 trillion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 1.28 and a beta of 1.05. The firm has a fifty day moving average price of $174.51 and a 200 day moving average price of $163.44. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $70.60 billion. During the same quarter last year, the firm posted $1.44 earnings per share. As a group, equities research analysts expect that Alphabet Inc. will post 7.62 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 9th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Monday, September 9th. Alphabet's payout ratio is currently 12.27%.

Insider Transactions at Alphabet

In other news, SVP Prabhakar Raghavan sold 34,257 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now directly owns 312,210 shares of the company's stock, valued at $50,765,346. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Prabhakar Raghavan sold 34,257 shares of the business'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 completion of the sale, the senior vice president now owns 312,210 shares in the company, valued at approximately $50,765,346. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the company's stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $176.58, for a total transaction of $3,973,050.00. Following the completion of the transaction, the chief executive officer now owns 2,235,511 shares of the company's stock, valued at approximately $394,746,532.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 156,565 shares of company stock valued at $26,823,893. 11.55% of the stock is currently owned by company insiders.

Institutional Trading of Alphabet

Hedge funds have recently added to or reduced their stakes in the stock. Christopher J. Hasenberg Inc grew its position in Alphabet by 75.0% during the second 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 during the period. Kings Path Partners LLC acquired a new position in Alphabet during the second quarter worth $36,000. Tributary Capital Management LLC purchased a new stake in Alphabet during the first quarter worth $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Alphabet during the fourth quarter worth $30,000. Finally, Denver PWM LLC acquired a new stake in Alphabet in the second quarter valued at $41,000. 40.03% of the stock is owned by institutional investors and hedge funds.

About Alphabet

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.