Alphabet Inc. (NASDAQ:GOOG - Get Free Report)'s share price shot up 1.6% during trading on Monday after Oppenheimer raised their price target on the stock from $172.00 to $185.00. Oppenheimer currently has an outperform rating on the stock. Alphabet traded as high as $156.64 and last traded at $156.41. 5,412,990 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 22,622,291 shares. The stock had previously closed at $153.94.
A number of other equities analysts also recently issued reports on the company. Raymond James lifted their price target on Alphabet from $150.00 to $160.00 and gave the company an "outperform" rating in a research note on Wednesday, January 24th. Susquehanna lifted their price target on Alphabet from $150.00 to $170.00 and gave the company a "positive" rating in a research note on Wednesday, January 31st.
View Our Latest Stock Analysis on GOOG
Insider Buying and Selling
In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $142.14, for a total value of $3,198,150.00. Following the sale, the chief executive officer now owns 2,400,191 shares of the company's stock, valued at approximately $341,163,148.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $142.14, for a total value of $3,198,150.00. Following the sale, the chief executive officer now owns 2,400,191 shares of the company's stock, valued at approximately $341,163,148.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 682 shares of the business's stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at approximately $4,532,870.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 250,739 shares of company stock valued at $35,934,957. 12.99% of the stock is owned by company insiders.
Institutional Investors Weigh In On Alphabet
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rowlandmiller & PARTNERS.ADV raised its holdings in Alphabet by 1.5% during the 1st quarter. Rowlandmiller & PARTNERS.ADV now owns 83,575 shares of the information services provider's stock valued at $12,725,000 after acquiring an additional 1,219 shares during the period. Emprise Bank bought a new stake in Alphabet during the 1st quarter valued at $1,756,000. jvl associates llc raised its holdings in Alphabet by 0.9% during the 1st quarter. jvl associates llc now owns 9,521 shares of the information services provider's stock valued at $1,450,000 after acquiring an additional 88 shares during the period. Atlas Brown Inc. increased its holdings in shares of Alphabet by 10.8% in the first quarter. Atlas Brown Inc. now owns 20,596 shares of the information services provider's stock worth $3,136,000 after purchasing an additional 2,005 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Alphabet by 19.0% in the first quarter. GAMMA Investing LLC now owns 37,263 shares of the information services provider's stock worth $5,674,000 after purchasing an additional 5,961 shares during the period. Institutional investors own 27.26% of the company's stock.
Alphabet Trading Up 1.4 %
The stock has a market cap of $1.94 trillion, a P/E ratio of 26.97, a PEG ratio of 1.42 and a beta of 1.05. The firm's fifty day moving average price is $145.39 and its two-hundred day moving average price is $140.21. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm had revenue of $86.31 billion for the quarter, compared to analysts' expectations of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business's quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share. As a group, equities research analysts forecast that Alphabet Inc. will post 6.77 EPS for the current year.
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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