Alphabet (NASDAQ:GOOG) Shares Up 0.1%

Alphabet Inc. (NASDAQ:GOOG - Get Free Report) shares rose 0.1% during mid-day trading on Monday . The stock traded as high as $158.15 and last traded at $155.86. Approximately 5,046,245 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 21,989,414 shares. The stock had previously closed at $155.72.

Analysts Set New Price Targets

GOOG has been the subject of several recent research reports. Oppenheimer lifted their price objective on Alphabet from $172.00 to $185.00 and gave the company an "outperform" rating in a research note on Monday, April 8th. Susquehanna lifted their price target 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 reaffirmed an "overweight" rating and set a $165.00 price target on shares of Alphabet in a research report on Thursday, April 11th. Stifel Nicolaus lifted their price target on Alphabet from $154.00 to $174.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Finally, Raymond James lifted their price target on Alphabet from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 24th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $159.86.

Alphabet Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The company has a 50-day moving average price of $147.46 and a 200-day moving average price of $141.97. The firm has a market capitalization of $1.96 trillion, a PE ratio of 26.87, a P/E/G ratio of 1.44 and a beta of 1.05.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. The business had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business's revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.05 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 6.78 EPS for the current year.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 800 shares of the company's stock in a transaction on Friday, April 12th. The stock was sold at an average price of $159.56, for a total value of $127,648.00. Following the completion of the transaction, the director now directly owns 7,991 shares in the company, valued at $1,275,043.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the sale, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John L. Hennessy sold 800 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $159.56, for a total value of $127,648.00. Following the transaction, the director now directly owns 7,991 shares in the company, valued at approximately $1,275,043.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 251,339 shares of company stock worth $36,377,482. 12.99% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GOOG. Caliber Wealth Management LLC lifted its holdings in shares of Alphabet by 2.6% in the 3rd quarter. Caliber Wealth Management LLC now owns 22,036 shares of the information services provider's stock worth $2,905,000 after purchasing an additional 551 shares during the last quarter. Essex Savings Bank increased its position in Alphabet by 1.7% in the 3rd quarter. Essex Savings Bank now owns 30,856 shares of the information services provider's stock valued at $4,068,000 after acquiring an additional 509 shares during the period. Geometric Wealth Advisors increased its position in Alphabet by 13.9% in the 3rd quarter. Geometric Wealth Advisors now owns 5,027 shares of the information services provider's stock valued at $663,000 after acquiring an additional 613 shares during the period. Toth Financial Advisory Corp boosted its stake in shares of Alphabet by 6.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 5,388 shares of the information services provider's stock worth $710,000 after acquiring an additional 344 shares in the last quarter. Finally, Granite Bay Wealth Management LLC boosted its stake in shares of Alphabet by 15,265.9% during the 3rd quarter. Granite Bay Wealth Management LLC now owns 955,449 shares of the information services provider's stock worth $125,350,000 after acquiring an additional 949,231 shares in the last quarter. Institutional investors own 27.26% 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.