Alphabet (NASDAQ:GOOGL) Shares Down 0.4%

Shares of Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) traded down 0.4% on Monday . The stock traded as low as $164.85 and last traded at $164.96. 3,483,655 shares traded hands during trading, a decline of 87% from the average session volume of 27,814,631 shares. The stock had previously closed at $165.62.

Analyst Ratings Changes

A number of brokerages have weighed in on GOOGL. JMP Securities reiterated a "market outperform" rating and issued a $200.00 price objective on shares of Alphabet in a research note on Tuesday, July 30th. Roth Mkm upped their price objective on Alphabet from $202.00 to $206.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. UBS Group upped their target price on Alphabet from $200.00 to $204.00 and gave the company a "neutral" rating in a report on Wednesday, July 24th. Truist Financial increased their target price on Alphabet from $190.00 to $196.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company increased their target price on Alphabet from $187.00 to $190.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and a consensus target price of $203.74.

Alphabet Stock Up 0.3 %

The business has a 50-day moving average price of $174.51 and a 200-day moving average price of $163.44. The company has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 1.28 and a beta of 1.05. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.04. The firm had revenue of $84.74 billion for 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 period in the previous year, the firm earned $1.44 earnings per share. As a group, equities analysts anticipate that Alphabet Inc. will post 7.62 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the company's stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the completion of the sale, the chief executive officer now owns 2,182,385 shares in the company, valued at approximately $354,310,204.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director John L. Hennessy sold 1,500 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $185.85, for a total transaction of $278,775.00. Following the completion of the sale, the director now owns 30,824 shares in the company, valued at approximately $5,728,640.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total value of $3,652,875.00. Following the sale, the chief executive officer now owns 2,182,385 shares of the company's stock, valued at approximately $354,310,204.75. The disclosure for this sale can be found here. Insiders have sold 156,565 shares of company stock worth $26,823,893 over the last 90 days. 11.55% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alphabet

Several large investors have recently added to or reduced their stakes in GOOGL. Tennessee Valley Asset Management Partners bought a new stake in Alphabet during the 4th quarter worth approximately $100,000. Davidson Trust Co. boosted its position in Alphabet by 5.8% in the 4th quarter. Davidson Trust Co. now owns 7,640 shares of the information services provider's stock valued at $1,067,000 after buying an additional 420 shares during the last quarter. Andrew Hill Investment Advisors Inc. bought a new position in Alphabet in the 4th quarter valued at $3,391,000. Zhang Financial LLC boosted its position in Alphabet by 13.7% in the 4th quarter. Zhang Financial LLC now owns 39,488 shares of the information services provider's stock valued at $5,516,000 after buying an additional 4,769 shares during the last quarter. Finally, Schear Investment Advisers LLC boosted its position in Alphabet by 16.4% in the 4th quarter. Schear Investment Advisers LLC now owns 24,945 shares of the information services provider's stock valued at $3,485,000 after buying an additional 3,507 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

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.