Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) traded up 1% during trading on Monday . The stock traded as high as $163.66 and last traded at $163.38. 22,123,799 shares were traded during trading, a decline of 20% from the average session volume of 27,633,090 shares. The stock had previously closed at $161.78.
Analyst Ratings Changes
A number of brokerages recently commented on GOOGL. TD Securities upped their price target on shares of Alphabet from $200.00 to $220.00 in a research note on Wednesday, July 10th. Rosenblatt Securities reiterated a "neutral" rating and set a $181.00 target price on shares of Alphabet in a research note on Wednesday, July 24th. Tigress Financial lifted their price target on Alphabet from $176.00 to $210.00 and gave the stock a "strong-buy" rating in a report on Friday, May 24th. Needham & Company LLC reaffirmed a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a report on Friday. Finally, JMP Securities reissued a "market outperform" rating and set a $200.00 target price on shares of Alphabet in a report on Tuesday, July 30th. Six investment 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, Alphabet currently has an average rating of "Moderate Buy" and an average price target of $203.74.
Read Our Latest Analysis on Alphabet
Alphabet Price Performance
The firm has a market cap of $2.01 trillion, a PE ratio of 25.06, a P/E/G ratio of 1.22 and a beta of 1.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. The business's fifty day moving average is $173.13 and its 200-day moving average is $164.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $84.74 billion during the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same quarter last year, the firm posted $1.44 EPS. On average, research analysts predict that Alphabet Inc. will post 7.63 earnings per share for the current fiscal year.
Alphabet Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Monday, September 9th. Alphabet's payout ratio is presently 12.27%.
Insider Buying and Selling
In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the completion of the sale, the chief executive officer now owns 2,159,885 shares of the company's stock, valued at $362,126,319.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $167.66, for a total value of $3,772,350.00. Following the transaction, the chief executive officer now owns 2,159,885 shares of the company's stock, valued at approximately $362,126,319.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Prabhakar Raghavan sold 3,262 shares of Alphabet stock in a transaction on Monday, July 1st. The stock was sold at an average price of $183.99, for a total transaction of $600,175.38. Following the sale, the senior vice president now directly owns 9 shares of the company's stock, valued at $1,655.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 155,883 shares of company stock valued at $26,705,320. Company insiders own 11.55% of the company's stock.
Institutional Investors Weigh In On Alphabet
A number of hedge funds have recently made changes to their positions in the business. MorganRosel Wealth Management LLC grew its holdings in Alphabet by 3.6% in the second quarter. MorganRosel Wealth Management LLC now owns 1,620 shares of the information services provider's stock valued at $295,000 after purchasing an additional 57 shares during the period. Hengehold Capital Management LLC lifted its position in Alphabet by 0.8% during the second quarter. Hengehold Capital Management LLC now owns 7,224 shares of the information services provider's stock valued at $1,316,000 after buying an additional 60 shares in the last quarter. Christopher J. Hasenberg Inc grew its stake 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. Joseph P. Lucia & Associates LLC increased its position in shares of Alphabet by 1.0% in the first quarter. Joseph P. Lucia & Associates LLC now owns 6,624 shares of the information services provider's stock worth $1,000,000 after acquiring an additional 64 shares in the last quarter. Finally, Sunflower Bank N.A. lifted its holdings in shares of Alphabet by 1.0% during the 2nd quarter. Sunflower Bank N.A. now owns 6,309 shares of the information services provider's stock valued at $1,149,000 after acquiring an additional 65 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.
Alphabet Company Profile
(
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.
Further Reading
Before you consider Alphabet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.
While Alphabet currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
