Alphabet (NASDAQ:GOOGL) Given New $215.00 Price Target at KeyCorp

Alphabet (NASDAQ:GOOGL - Get Free Report) had its price objective upped by KeyCorp from $195.00 to $215.00 in a report released on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the information services provider's stock. KeyCorp's target price points to a potential upside of 17.12% from the stock's current price.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. cut their target price on Alphabet from $220.00 to $180.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of Alphabet in a research note on Wednesday, April 23rd. Morgan Stanley cut their target price on Alphabet from $210.00 to $185.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Rosenblatt Securities reiterated a "neutral" rating and issued a $189.00 target price on shares of Alphabet in a research note on Wednesday, May 21st. Finally, Stifel Nicolaus cut their target price on Alphabet from $225.00 to $192.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $201.41.

Alphabet Trading Up 0.3%

GOOGL traded up $0.61 during trading on Thursday, reaching $183.58. The company had a trading volume of 31,918,761 shares, compared to its average volume of 32,090,183. The stock has a market cap of $2.23 trillion, a P/E ratio of 20.47, a PEG ratio of 1.28 and a beta of 1.00. The business has a 50 day simple moving average of $171.67 and a 200-day simple moving average of $173.20. Alphabet has a 52 week low of $140.53 and a 52 week high of $207.05. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The business had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same quarter last year, the firm posted $1.89 earnings per share. On average, equities analysts anticipate that Alphabet will post 8.9 EPS for the current fiscal year.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $105,000.00. Following the sale, the director directly owned 6,813 shares in the company, valued at $1,192,275. The trade was a 8.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $184.38, for a total value of $5,992,350.00. Following the completion of the transaction, the chief executive officer owned 2,527,392 shares of the company's stock, valued at approximately $466,000,536.96. This represents a 1.27% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 215,843 shares of company stock worth $37,288,490. 11.64% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alphabet

Institutional investors have recently added to or reduced their stakes in the business. Eagle Capital Management LLC lifted its holdings in Alphabet by 0.7% during the 4th quarter. Eagle Capital Management LLC now owns 50,132 shares of the information services provider's stock worth $9,490,000 after buying an additional 371 shares during the last quarter. Brighton Jones LLC lifted its position in shares of Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after buying an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Alphabet by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock worth $2,826,000 after buying an additional 506 shares during the last quarter. Highview Capital Management LLC DE lifted its position in shares of Alphabet by 3.6% in the 4th quarter. Highview Capital Management LLC DE now owns 29,100 shares of the information services provider's stock worth $5,509,000 after buying an additional 1,003 shares during the last quarter. Finally, Hudson Value Partners LLC lifted its position in shares of Alphabet by 22.7% in the 4th quarter. Hudson Value Partners LLC now owns 73,282 shares of the information services provider's stock worth $13,873,000 after buying an additional 13,564 shares during 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.