Alphabet Inc. (NASDAQ:GOOG - Get Free Report) declared a -- dividend on Monday, April 29th, Wall Street Journal reports. Investors of record on Monday, June 10th will be given a dividend of 0.20 per share by the information services provider on Monday, June 17th. The ex-dividend date of this dividend is Monday, June 10th.
Alphabet Trading Down 3.3 %
GOOG traded down $5.79 during trading on Monday, reaching $167.90. The company had a trading volume of 35,888,579 shares, compared to its average volume of 22,805,301. The firm's 50-day simple moving average is $149.64 and its 200 day simple moving average is $142.97. The company has a market cap of $2.09 trillion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.59 and a beta of 1.05. Alphabet has a 12-month low of $104.50 and a 12-month high of $176.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.15.
Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.38. The firm had revenue of $80.54 billion for the quarter, compared to analysts' expectations of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. Alphabet's revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the business posted $1.17 EPS. Equities research analysts anticipate that Alphabet will post 6.8 earnings per share for the current year.
Insider Activity
In other news, CAO Amie Thuener O'toole sold 660 shares of Alphabet stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the sale, the chief accounting officer now directly owns 27,920 shares in the company, valued at approximately $4,009,032.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO Amie Thuener O'toole sold 660 shares of Alphabet stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the sale, the chief accounting officer now directly owns 27,920 shares in the company, valued at approximately $4,009,032.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now owns 15,104 shares of the company's stock, valued at $2,326,922.24. The disclosure for this sale can be found here. Insiders sold a total of 253,439 shares of company stock worth $36,746,578 in the last three months. 12.99% of the stock is owned by insiders.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the company. Stifel Nicolaus lifted their price target on Alphabet from $154.00 to $174.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. Susquehanna raised their price objective on Alphabet from $150.00 to $170.00 and gave the stock a "positive" rating in a research report on Wednesday, January 31st. Morgan Stanley restated an "overweight" rating and set a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Raymond James raised their price objective on Alphabet from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 24th. Finally, Oppenheimer raised their price objective on Alphabet from $172.00 to $185.00 and gave the stock an "outperform" rating in a research report on Monday, April 8th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $165.67.
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About Alphabet
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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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