Alphabet (NASDAQ:GOOGL) Shares Up 0%

Alphabet Inc. (NASDAQ:GOOGL - Get Free Report)'s stock price was up 0% during mid-day trading on Wednesday . The stock traded as high as $159.01 and last traded at $158.29. Approximately 6,242,282 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 29,671,053 shares. The stock had previously closed at $158.26.

Analysts Set New Price Targets

Several research firms recently commented on GOOGL. Barclays cut their target price on shares of Alphabet from $180.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, January 31st. Susquehanna boosted 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. KeyCorp upped their price target on Alphabet from $165.00 to $175.00 and gave the company an "overweight" rating in a report on Monday. BMO Capital Markets reissued an "outperform" rating and issued a $185.00 price target (up previously from $178.00) on shares of Alphabet in a report on Wednesday, April 10th. Finally, UBS Group increased their price target on shares of Alphabet from $150.00 to $166.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 16th. Five research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and an average price target of $158.71.

Alphabet Stock Performance

The firm has a market cap of $1.98 trillion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. The stock has a 50-day moving average of $146.96 and a 200-day moving average of $141.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS 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 $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same period in the previous year, the firm posted $1.05 EPS. As a group, analysts anticipate that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the sale, the director now owns 7,991 shares of the company's stock, valued at approximately $1,275,043.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Ruth Porat sold 48,077 shares of the business's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the completion of the sale, the chief financial officer now owns 1,777,106 shares of the company's stock, valued at $243,854,485.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 800 shares of the firm's stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the transaction, the director now directly owns 7,991 shares in the company, valued at $1,275,043.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 251,339 shares of company stock valued at $36,377,482. 0.88% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Alphabet during the 4th quarter worth $30,000. Tributary Capital Management LLC acquired a new position in Alphabet during the first quarter worth about $30,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Alphabet in the fourth quarter worth about $38,000. Meritage Group LP boosted its stake in shares of Alphabet by 1,061.5% in the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider's stock valued at $40,000 after purchasing an additional 276 shares in the last quarter. Finally, Macroview Investment Management LLC increased its position in Alphabet by 165.8% during the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider's stock worth $42,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

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.