Alphabet (NASDAQ:GOOGL) Shares Down 0.5%

Shares of Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) fell 0.5% during mid-day trading on Monday . The stock traded as low as $174.81 and last traded at $175.82. 4,143,394 shares traded hands during trading, a decline of 86% from the average session volume of 28,793,176 shares. The stock had previously closed at $176.79.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GOOGL. Citigroup increased their target price on shares of Alphabet from $168.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 26th. Needham & Company LLC upped their price target on shares of Alphabet from $160.00 to $210.00 and gave the stock a "buy" rating in a research report on Friday, April 26th. Evercore ISI upped their price target on shares of Alphabet from $220.00 to $225.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 11th. Raymond James upped their price target on shares of Alphabet from $160.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, April 26th. Finally, Piper Sandler restated an "overweight" rating and set a $200.00 price target (up previously from $160.00) on shares of Alphabet in a research report on Friday, April 26th. Five analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus price target of $193.26.

Alphabet Price Performance

The stock's fifty day moving average price is $168.53 and its two-hundred day moving average price is $151.42. The firm has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same period last year, the business earned $1.17 EPS. Equities research analysts expect that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 annualized dividend and a yield of 0.45%. Alphabet's dividend payout ratio is currently 12.27%.

Insider Buying and Selling

In related news, CAO Amie Thuener O'toole sold 682 shares of Alphabet stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at approximately $4,532,870.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Amie Thuener O'toole sold 682 shares of Alphabet stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at approximately $4,532,870.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the completion of the transaction, the chief executive officer now owns 2,310,191 shares in the company, valued at $343,710,216.98. The disclosure for this sale can be found here. Insiders have sold 158,458 shares of company stock worth $25,731,103 in the last ninety days. 11.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GOOGL. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Alphabet in the fourth quarter valued at about $30,000. Tributary Capital Management LLC purchased a new stake in Alphabet during the first quarter worth about $30,000. DiNuzzo Private Wealth Inc. purchased a new stake in Alphabet during the fourth quarter worth about $38,000. Meritage Group LP boosted its holdings in Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider's stock worth $40,000 after buying an additional 276 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. boosted its holdings in Alphabet by 59.2% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider's stock worth $44,000 after buying an additional 109 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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.