Alphabet (NASDAQ:GOOGL) Upgraded at Citizens Jmp

Alphabet (NASDAQ:GOOGL - Get Free Report) was upgraded by research analysts at Citizens Jmp from a "market perform" rating to a "mkt outperform" rating in a research note issued on Friday, MarketBeat.com reports. The brokerage presently has a $220.00 price target on the information services provider's stock. Citizens Jmp's price target would indicate a potential upside of 26.30% from the company's previous close.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of Alphabet in a research report on Wednesday, April 23rd. Rosenblatt Securities reissued a "neutral" rating and set a $189.00 price target on shares of Alphabet in a research report on Wednesday, May 21st. KeyCorp lifted their target price on shares of Alphabet from $185.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Wedbush set a $190.00 price target on shares of Alphabet and gave the company an "outperform" rating in a research note on Tuesday, April 15th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Alphabet in a research note on Wednesday, May 21st. Nine research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $199.95.

Alphabet Stock Performance

GOOGL opened at $174.19 on Friday. The stock's 50 day simple moving average is $165.90 and its 200-day simple moving average is $174.57. The stock has a market cap of $2.11 trillion, a PE ratio of 19.35, a P/E/G ratio of 1.09 and a beta of 1.01. Alphabet has a 1 year low of $140.53 and a 1 year high of $207.05. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The firm had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the prior year, the company posted $1.89 earnings per share. Sell-side analysts forecast that Alphabet will post 8.9 EPS for the current year.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $176.68, for a total transaction of $5,742,100.00. Following the transaction, the chief executive officer now owns 2,555,196 shares in the company, valued at approximately $451,452,029.28. The trade was a 1.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 673 shares of Alphabet stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the sale, the chief accounting officer now owns 15,303 shares in the company, valued at approximately $2,377,014.99. This represents a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,195 shares of company stock worth $35,764,898. Company insiders own 11.64% of the company's stock.

Institutional Trading of Alphabet

Large investors have recently modified their holdings of the company. Wealth Group Ltd. raised its stake in shares of Alphabet by 5.2% in the fourth quarter. Wealth Group Ltd. now owns 1,582 shares of the information services provider's stock worth $299,000 after purchasing an additional 78 shares during the last quarter. Capital & Planning LLC boosted its holdings in Alphabet by 34.3% in the fourth quarter. Capital & Planning LLC now owns 4,383 shares of the information services provider's stock valued at $830,000 after purchasing an additional 1,119 shares during the last quarter. Eagle Capital Management LLC raised its stake in shares of Alphabet by 0.7% during the 4th quarter. Eagle Capital Management LLC now owns 50,132 shares of the information services provider's stock valued at $9,490,000 after buying an additional 371 shares during the last quarter. Brighton Jones LLC grew its holdings in Alphabet by 3.9% during the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after acquiring an additional 4,110 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $154,716,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

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.