Alphabet (NASDAQ:GOOGL Free Report) had its price target increased by Susquehanna from $170.00 to $225.00 in a report published on Monday, Benzinga reports. Susquehanna currently has a positive rating on the information services providers stock.
Other equities research analysts have also issued research reports about the stock. Oppenheimer raised their price target on shares of Alphabet from $185.00 to $205.00 and gave the company an outperform rating in a research note on Friday. Wolfe Research increased their price objective on shares of Alphabet from $180.00 to $200.00 and gave the company an outperform rating in a report on Friday. TD Cowen increased their price objective on shares of Alphabet from $170.00 to $200.00 and gave the company a buy rating in a report on Friday. BMO Capital Markets increased their price objective on shares of Alphabet from $185.00 to $215.00 and gave the company an outperform rating in a report on Friday. Finally, Evercore ISI increased their price objective on shares of Alphabet from $160.00 to $220.00 and gave the company an outperform rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the companys stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $189.44.
View Our Latest Research Report on Alphabet
Contents
Alphabet Price Performance
Shares of NASDAQ:GOOGL opened at $166.15 on Monday. The firms 50 day moving average is $148.36 and its two-hundred day moving average is $141.62. Alphabet has a 52 week low of $103.71 and a 52 week high of $174.71. The firm has a market capitalization of $2.07 trillion, a P/E ratio of 25.48, a PEG ratio of 1.57 and a beta of 1.05. The company has a current ratio of 2.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.
Alphabet (NASDAQ:GOOGL Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same quarter last year, the business earned $1.17 earnings per share. Analysts anticipate that Alphabet will post 6.82 earnings per share for the current year.
Alphabet Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%.
Insiders Place Their Bets
In other Alphabet news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the completion of the sale, the director now owns 5,891 shares in the company, valued at approximately $1,035,402.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Alphabet news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the completion of the sale, the director now owns 5,891 shares in the company, valued at approximately $1,035,402.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firms stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the transaction, the chief executive officer now owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The disclosure for this sale can be found here. Insiders sold a total of 253,209 shares of company stock worth $36,711,144 in the last quarter. 0.88% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Tributary Capital Management LLC acquired a new position in Alphabet in the 1st quarter valued at $30,000. Vermillion White Wealth Management Group LLC acquired a new position in Alphabet in the 4th quarter valued at $30,000. DiNuzzo Private Wealth Inc. acquired a new position in Alphabet in the 4th quarter valued at $38,000. Richardson Capital Management LLC grew its stake in Alphabet by 87.5% in the 1st quarter. Richardson Capital Management LLC now owns 300 shares of the information services providers stock valued at $45,000 after buying an additional 140 shares during the last quarter. Finally, Meritage Group LP grew its stake in Alphabet by 1,061.5% in the 3rd quarter. Meritage Group LP now owns 302 shares of the information services providers stock valued at $40,000 after buying an additional 276 shares during the last quarter. Institutional investors own 40.03% of the companys stock.
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.
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