Alphabet (NASDAQ:GOOGL) PT Raised to $225.00

Alphabet (NASDAQ:GOOGL - Free Report) had its price objective boosted by Susquehanna from $170.00 to $225.00 in a research note published on Monday morning, Benzinga reports. They currently have a positive rating on the information services provider's stock.

Several other brokerages have also recently weighed in on GOOGL. Wolfe Research lifted their price target on Alphabet from $180.00 to $200.00 and gave the company an outperform rating in a research report on Friday. TD Cowen upped their price target on Alphabet from $170.00 to $200.00 and gave the company a buy rating in a research report on Friday. Rosenblatt Securities increased their price target on shares of Alphabet from $172.00 to $182.00 and gave the stock a buy rating in a report on Friday. Needham & Company LLC boosted their price objective on shares of Alphabet from $160.00 to $210.00 and gave the company a buy rating in a research note on Friday. Finally, Barclays increased their target price on shares of Alphabet from $173.00 to $200.00 and gave the stock an overweight rating in a research note on Friday. Five research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $189.44.

Alphabet Stock Performance

GOOGL traded down $5.80 during trading on Monday, hitting $166.15. 45,549,086 shares of the company traded hands, compared to its average volume of 30,833,311. Alphabet has a one year low of $103.71 and a one year high of $174.71. The stock's fifty day moving average is $148.36 and its 200 day moving average is $141.62. The company has a quick ratio of 2.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm has a market cap of $2.07 trillion, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 1.57 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. As a group, equities analysts predict that Alphabet will post 6.82 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.48%. The ex-dividend date is Monday, June 10th.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the sale, the chief executive officer now directly owns 2,332,691 shares in the company, valued at approximately $309,548,095.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the transaction, the chief executive officer now owns 2,332,691 shares in the company, valued at approximately $309,548,095.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 660 shares of Alphabet stock in a transaction that occurred on 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 owns 27,920 shares of the company's stock, valued at $4,009,032.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 253,439 shares of company stock worth $36,746,578. Corporate insiders own 0.88% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC bought a new position in Alphabet in the 4th quarter worth $30,000. Tributary Capital Management LLC bought a new position in shares of Alphabet in the first quarter worth about $30,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Alphabet during the 4th quarter valued at about $38,000. Meritage Group LP grew its stake in shares of Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider's stock valued at $40,000 after acquiring an additional 276 shares during the period. Finally, Macroview Investment Management LLC increased its holdings in Alphabet by 165.8% in the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider's stock worth $42,000 after acquiring an additional 199 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

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.