Alphabet (NASDAQ:GOOGL) Trading 0% Higher

Alphabet Inc. (NASDAQ:GOOGL - Get Free Report) was up 0% on Friday . The stock traded as high as $151.43 and last traded at $150.93. Approximately 24,485,390 shares traded hands during trading, a decline of 29% from the average daily volume of 34,518,160 shares. The stock had previously closed at $150.87.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GOOGL shares. Wolfe Research increased their price target on Alphabet from $170.00 to $180.00 and gave the company an "outperform" rating in a report on Wednesday, January 31st. Susquehanna upped their price objective on Alphabet from $150.00 to $170.00 and gave the stock a "positive" rating in a research note on Wednesday, January 31st. Redburn Atlantic upped their price objective on Alphabet from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Wednesday, January 31st. Citigroup upped their price objective on Alphabet from $153.00 to $168.00 and gave the stock a "buy" rating in a research note on Wednesday, January 31st. Finally, BMO Capital Markets upped their price objective on Alphabet from $170.00 to $178.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus price target of $155.48.

Alphabet Stock Up 0.0 %

The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average price of $143.67 and a 200-day moving average price of $138.21. The firm has a market cap of $1.88 trillion, a P/E ratio of 26.02, a P/E/G ratio of 1.39 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same quarter in the prior year, the company earned $1.05 EPS. On average, equities analysts forecast that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $140.11, for a total value of $3,152,475.00. Following the completion of the sale, the chief executive officer now directly owns 2,422,691 shares in the company, valued at $339,443,236.01. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Frances Arnold sold 230 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the transaction, the director now directly owns 15,104 shares of the company's stock, valued at $2,326,922.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $140.11, for a total value of $3,152,475.00. Following the completion of the transaction, the chief executive officer now directly owns 2,422,691 shares in the company, valued at $339,443,236.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 263,312 shares of company stock worth $37,268,315. 0.88% of the stock is owned by insiders.

Institutional Trading of Alphabet

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Live Oak Investment Partners purchased a new position in shares of Alphabet in the fourth quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC purchased a new position in Alphabet during the fourth quarter worth approximately $30,000. Sanctuary Wealth Management L.L.C. purchased a new position in Alphabet during the fourth quarter worth approximately $34,000. VitalStone Financial LLC lifted its position in Alphabet by 1,900.0% during the second quarter. VitalStone Financial LLC now owns 280 shares of the information services provider's stock worth $34,000 after buying an additional 266 shares in the last quarter. Finally, Turim 21 Investimentos Ltda. purchased a new position in Alphabet during the third quarter worth approximately $38,000. 40.03% of the stock is owned by institutional investors and hedge funds.

About Alphabet

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.